Intrusion Stock Price, News & Analysis

Intrusion, Inc. (NASDAQ:INTZ) has appointed Kim Pinson as Chief Financial Officer, effective June 27, 2022. With over 25 years of experience in finance across various sectors, including technology and healthcare, she was previously CFO at NetFortris and EndoStim. CEO Tony Scott expressed confidence in her ability to aid in strategic planning and capital raising efforts. Ms. Pinson aims to drive transformation and capitalize on opportunities in the growing cybersecurity market, leveraging Intrusion's unique threat intelligence database and Intrusion Shield product.

Intrusion, Inc. (NASDAQ:INTZ) has announced a significant multi-year reseller agreement with InnerCore Technologies to provide its cybersecurity solution, Intrusion Shield, to a major hospitality company. This partnership will generate annual recurring revenue for Intrusion until at least 2025. The Intrusion Shield solution is designed to combat evolving cybersecurity threats in the hospitality sector, enhancing network security and customer experience. The collaboration highlights the accuracy and effectiveness of Intrusion Shield in preventing cyberattacks, establishing a strong foothold in the industry.

Intrusion Inc. (NASDAQ:INTZ) announced the resignation of Chief Financial Officer, Franklin Byrd, effective May 30, 2022. The decision was not due to disagreements on strategy or financial irregularities. Byrd will assist the company during the transition period. CEO Tony Scott praised Byrd for his contributions in enhancing management and financial discipline. Intrusion specializes in cybersecurity solutions, notably offering Intrusion Shield, which employs a Zero Trust approach to protect networks from cyber threats, including Zero-Day and ransomware attacks.

Intrusion Inc. (NASDAQ:INTZ) reported its first-quarter results for fiscal 2022, with revenue of $1.8 million, consistent with the previous year. The company's INTRUSION Shield product revenue increased by 7% sequentially, accounting for 12% of overall revenue. Operating expenses were stable at $5.2 million, but the net loss widened to $4.1 million or ($0.21) per share. Cash reserves stood at $6.1 million. New product developments are on track for demo in Q2, aiming for full deployment in the latter half of 2022.

INTRUSION Inc. (NASDAQ:INTZ), a cybersecurity leader, is set to announce its first quarter fiscal year 2022 financial results on May 12, 2022, after market close. A conference call led by CEO Tony Scott and CFO Franklin Byrd will take place at 5:00 p.m. EDT to discuss these results. Interested parties can access the call via teleconference or through the company’s investor relations website. INTRUSION specializes in cyberattack prevention solutions, leveraging a unique threat intelligence database.

Intrusion Inc. (NASDAQ: INTZ) reported its fourth quarter and full year results for 2021, with revenues of $1.6 million in Q4, unchanged year-over-year, and annual revenue of $7.3 million, reflecting a 10% increase. The gross profit margin improved to 65% in Q4 compared to 58% in Q4 2020, primarily due to INTRUSION Shield sales. However, the company faced a net loss of $3.9 million in Q4 and $18.8 million for the year. Intrusion implemented an executive-led sales strategy to boost growth and has engaged in 18 proof of concept demos for its Shield product, which is expanding to cloud and endpoint solutions.

INTRUSION Inc. (NASDAQ: INTZ) will announce its Q4 and full year 2021 financial results on March 17, 2022, post-market. CEO Tony Scott and CFO Franklin Byrd will host a conference call at 5:00 p.m. EDT to discuss these results. The call will be accessible via a live webcast and teleconference for analysts and investors. INTRUSION offers advanced cybersecurity solutions, highlighted by its product Intrusion Shield, designed to bolster security by blocking malicious connections. The company has a robust threat intelligence database with data on over 8.5 billion IP addresses.

INTRUSION Inc. (NASDAQ: INTZ) announced a financing transaction on March 10, 2022. The company sold a 7.0% unsecured note totaling $5.35 million to Streeterville Capital for $5 million after expenses. The net proceeds of approximately $4.7 million will be used for general corporate purposes. The maturity date is 18 months after issuance, with a monthly redemption option. The CEO emphasized that this deal enhances financial flexibility to meet the growing demand for cybersecurity solutions.