Intrusion Stock Price, News & Analysis

INTRUSION (NASDAQ: INTZ) highlights a report by Cybersecurity Ventures predicting that global cybercrime costs will surge to $10.5 trillion annually by 2025, a 15% increase per year since 2015. This alarming trend marks the largest transfer of economic wealth in history and poses significant risks to innovation and investment. The report emphasizes that all U.S. organizations are targets of cyber threats, with detection rates as low as 0.05%. INTRUSION continues to innovate in cybersecurity solutions to combat this escalating threat.

INTRUSION Inc. (NASDAQ: INTZ) announced the addition of new senior leaders to support the launch of its Shield cybersecurity solutions. Andrew Wildrix joins as VP of IT, bringing over 30 years of experience, while Brandy Schade becomes VP of People and Culture, focusing on talent acquisition. Joe Head has been appointed SVP of Direct Sales, overseeing a team to boost large enterprise sales. These strategic hires aim to enhance INTRUSION's technology infrastructure and sales capabilities in anticipation of significant growth.

INTRUSION, Inc. (NASDAQ: INTZ) reported its third quarter 2020 financial results, highlighting a net loss of $1.4 million compared to a net income of $1.5 million in Q3 2019. Revenue decreased to $1.6 million, down from $3.9 million in the same period last year. The company successfully raised $18.1 million from a follow-on offering, bolstering its balance sheet. Positive beta-testing feedback for its new cybersecurity solution, INTRUSION Shield™, has led to pre-orders. INTRUSION aims to capitalize on the growing demand for advanced cybersecurity solutions amidst an escalating threat landscape.

INTRUSION Inc. (NASDAQ: INTZ) announced that Jack Blount, President and CEO, will participate in the virtual Benchmark Discovery 1x1 Conference on November 18, 2020. The company specializes in entity identification, high-speed data mining, and cybercrime detection. INTRUSION offers solutions like TraceCop™ for identity discovery and Savant™ for advanced threat detection, aimed at protecting critical information assets for government and enterprise networks. Interested portfolio managers can arrange calls with management via Benchmark representatives or INTRUSION's investor relations.

INTRUSION Inc. (NASDAQ: INTZ) is set to announce its third quarter 2020 financial results on November 12, 2020, after market close. The company's leaders, President Jack Blount and Chairman Anthony LeVecchio, will host a conference call at 4:00 p.m. Central Time to discuss these results. Interested parties can join the call via dial-in or listen online. The company specializes in entity identification, high-speed data mining, and cybercrime detection solutions, helping to secure critical information for government and enterprise networks.

INTRUSION Inc. (NASDAQ: INTZ) has promoted Mike McClure to vice president of consulting, a new position aimed at expanding the company's consulting services for government and commercial clients. McClure, who has over a decade of consulting experience, will help grow INTRUSION’s consulting segment. The company has been providing cybersecurity solutions, including its newly launched INTRUSION Shield™, which actively neutralizes cyber threats. This move aligns with INTRUSION's strategy to enhance its cybersecurity offerings and strengthen its market position.

INTRUSION Inc. (NASDAQ: INTZ) is expanding its executive team to support growth in the cybersecurity sector, specifically targeting its INTRUSION Shield solutions. The company is seeking a new Vice President of Sales, Vice President of IT, and a CFO to replace retiring executive Michael L. Paxton, who will remain on the board. CEO Jack Blount emphasized the need for experienced leaders to enhance market penetration via Value-Added Reseller and Managed Security Service Providers channels. This strategic move aims to capitalize on anticipated growth opportunities in cyber defense.

INTRUSION Inc. (NASDAQ: INTZ) has successfully completed a follow-on public offering of 3,565,000 shares of common stock at $8.00 per share, generating approximately $18.34 million in net proceeds. The offering included 2,465,000 shares issued by INTRUSION and 1,100,000 shares sold by existing shareholders. The funds will be used to support growth initiatives, particularly the commercialization of the new Shield™ AI threat detection solution for enterprises.

INTRUSION Inc. (NASDAQ: INTZ) has commenced pre-orders for its new cybersecurity solution, INTRUSION Shield™. This innovative solution neutralizes cyber threats in real-time without human intervention. During beta testing, Shield successfully blocked over 400,000 threats in three days. It employs advanced AI and real-time monitoring, protecting companies from various cyber threats, including ransomware and data theft. The solution is recognized with the 2020 Innovative Product Award from ASIS International. Pre-orders are available, with shipping starting January 4, 2021.