Intrusion Stock Price, News & Analysis

Intrusion Inc. (NASDAQ:INTZ) has announced a $7.5 million registered direct offering, comprising 653,000 shares of common stock at $3.05 per share and 1,806,016 prefunded warrants at $3.0499 each. The prefunded warrants are immediately exercisable at $0.0001 per share.

The transaction, expected to close around January 7, 2025, involves a single institutional investor. The company plans to use the proceeds for general corporate purposes, including debt repayment, working capital, capital expenditures, and potential acquisitions.

CEO Tony Scott highlighted that this transaction, combined with recent conversions of Preferred Series A stock to common stock and funds from ATM and SEPA arrangements, should provide sufficient capital through fiscal year 2025 and beyond, eliminating the need for additional capital raising in 2025.

Intrusion Inc. (NASDAQ:INTZ) has launched Shield Sentinel, a high-performance network monitoring appliance designed for large enterprises and carriers. The solution offers full Lambda monitoring of fiber trunks at speeds up to 100 Gbps bidirectional, comprehensive DNS monitoring, and advanced forensic analysis capabilities.

The platform features continuous DNS and traffic flow logging, detailed PCAP capture, and protocol decoding, with data output in CSV format for seamless integration into existing security operations. Shield Sentinel has already been successfully deployed through a recently signed customer contract.

The solution aims to enhance threat hunting, streamline compliance, and strengthen network defense by providing extensive historical data logging and comprehensive traffic monitoring capabilities.

Intrusion Inc. (NASDAQ:INTZ) has launched the Shield Command Hub, a centralized platform for managing Shield products including Endpoint, OnPremise, and Cloud solutions. The hub's key feature is an AI-driven insights engine that analyzes network activity and provides prioritized actionable items. The platform offers comprehensive network monitoring, threat detection, and visualization tools suitable for both expert and novice users.

The Command Hub features real-time threat reporting, geographic threat mapping, high-risk category analysis, and domain tracking. It presents data through interactive maps, graphs, and charts, allowing customization by time intervals, device types, and users. The AI engine provides multiple abstraction layers for visibility from individual devices to customer-wide summaries.

Intrusion Inc. (NASDAQ:INTZ) reported Q3 2024 financial results, highlighting a 49% sequential increase in Intrusion Shield revenue. The company secured a $2.0 million contract with the U.S. Department of Defense for cybersecurity services. Total revenue reached $1.5 million, up 3% sequentially. The company maintained a 77% gross profit margin and reduced its net loss to $(2.1) million, or $(0.35) per share, compared to $(3.2) million in Q3 2023. Intrusion signed 7 new Shield logos during Q3, bringing the year-to-date total to 18, with zero customer churn. Cash and cash equivalents stood at $1.1 million as of September 30, 2024.

Intrusion Inc. (NASDAQ:INTZ) announced that James F. Gero will retire from its Board of Directors effective November 20, 2024. Gero, who served on the board since October 2003, was Chairman of the Compensation Committee and a member of the Audit Committee. As the company's longest-serving Director over a 21-year tenure, he played a important role in navigating complex challenges. Following his retirement, the board size will reduce from six to five members until a replacement is identified. The company has initiated a search for qualified candidates to fill the position.

Intrusion Inc. (NASDAQ:INTZ), a cyberattack prevention solutions provider, will release its third quarter 2024 financial results on Tuesday, November 12, 2024, after market close. CEO Tony Scott and CFO Kimberly Pinson will host a conference call at 5:00 p.m. Eastern Time to discuss the results. A telephone replay will be available through November 26, 2024.

Intrusion Inc. (NASDAQ:INTZ), a leader in cyberattack prevention solutions, has announced a business update call scheduled for October 9, 2024, at 4:15 p.m. Eastern Daylight Time. The call will provide a corporate update on Intrusion's continued customer traction, recent business activities, and review the Company's preliminary revenue results for the third quarter ended September 30, 2024.

CEO Tony Scott and CFO Kimberly Pinson will be participating in the call. Analysts and investors can join via teleconference using the following details:

• United States (Toll-Free): +1-888-506-0062
• International: +1-973-528-0011
• Access Code: 147785

A webcast registration link is also provided. A telephone replay will be available until October 23, 2024, accessible by dialing +1-877-481-4010 (US) or +1-919-882-2331 (International) with passcode 51394.

Intrusion Inc. (NASDAQ:INTZ), a leader in cyberattack prevention solutions, has secured a $2.0 million contract with the U.S. Department of Defense (DoD) for cybersecurity services. The contract, facilitated through a prime contractor, will involve delivering a tailored solution based on Intrusion's products and intellectual property, including Intrusion Shield and TraceCop, along with consulting services.

The scope of work includes high-speed metadata extraction, contextual flow enrichment, advanced threat analytics, and continuous network monitoring. The contract has a 12-month performance period and will begin contributing to earnings results in the third quarter of 2024. This agreement reinforces Intrusion's position in the defense sector's cybersecurity space and demonstrates the increasing acceptance of Intrusion Shield by the government sector.

Intrusion Inc. (NASDAQ:INTZ) reported its Q2 2024 financial results, highlighting a 29% sequential revenue increase to $1.5 million and an 18% improvement in operating loss. The company secured a new government contract for Intrusion Shield technology and consulting services, contributing to revenue growth. Gross profit margin stood at 76%, while operating expenses decreased by $0.2 million sequentially. The net loss improved to $(2.1) million, or $(0.53) per share, compared to $(3.1) million, or $(2.92) per share in Q2 2023.

Intrusion completed two financing efforts, raising $3.2 million through a private placement and warrant inducement offering. The company appointed Dion Hinchcliffe to its Board of Directors and remains focused on driving sales volume and improving financial flexibility.