Intrusion Stock Price, News & Analysis

INTRUSION, Inc. (NASDAQ: INTZ) reported a 14% year-over-year revenue increase for Q3 2021, totaling $1.8 million. Shield revenue rose to 13% of total revenue, up from 7% in the previous quarter. Despite growth, the net loss widened to $6.1 million or ($0.34) per share, compared to a loss of $5.0 million in Q2 2021. Operating expenses increased to $7.2 million. Cash reserves stood at $7.2 million as of September 30, 2021. The company added five new Shield customers and received validation for Shield's effectiveness against cyberattacks.

INTRUSION (Nasdaq: INTZ) has unveiled key initiatives to bolster its cybersecurity offerings and market presence. The company launched version 17.3 of its Shield product, enhancing its capabilities against Zero-Day and malware-free attacks. Additionally, INTRUSION formed a new Advisory Board with industry veterans and onboarded new channel partners, including Liquid PC and Forequest Technologies. These strategic steps aim to support organizations in developing their Zero Trust Architecture more effectively, while also addressing the growing demand for cybersecurity solutions amid rising cyber threats.

INTRUSION Inc. (NASDAQ: INTZ) will announce its third quarter 2021 financial results on November 11, 2021, after market close. The call will feature Joe Head (CTO), Franklin Byrd (CFO), and Gary Davis (CMO) at 4:00 p.m. Central Time. Investors can join via a live teleconference or listen online at ir.intrusion.com. A replay will be available until November 18, 2021. INTRUSION specializes in cyberattack prevention solutions, leveraging AI and advanced threat intelligence for real-time protection against cyber threats, including zero-day vulnerabilities.

INTRUSION (Nasdaq: INTZ) announces positive recognition for its INTRUSION Shield cybersecurity solution from three experts in the industry. Frank Oelschlager noted that Shield delivers on key claims, while Tony Bradley emphasized its ability to enhance security posture by shifting towards a Zero-Trust model. Charles Kolodgy highlighted its unique bidirectional approach, ensuring only trusted connections. These assessments reinforce the product's effectiveness against cyberattacks, particularly zero-day threats, aligning with growing market focus on advanced cybersecurity.

INTRUSION, Inc. (NASDAQ: INTZ) has announced that Lippert Components has accelerated the deployment of its INTRUSION Shield cyber-attack prevention solution. This decision comes as companies face increasing numbers of cyberattacks stemming from zero-day and malware-free exploits. Shield's innovative approach, which utilizes historical IP behavior instead of traditional signature-based methods, has proven effective in initial tests, prompting Lippert to enhance its rollout. Both Lippert's and INTRUSION's leadership emphasize the critical need for enhanced cybersecurity measures in today's landscape.

At GSX 2021 in Orlando, INTRUSION's Chief Evangelist Gary Davis delivered a keynote on leveraging the Zero Trust model to combat cybercrime. This methodology emphasizes the need to verify all users and devices before granting network access. INTRUSION Shield distinguishes itself by not relying on signatures for protection, employing a layered defense that integrates AI and IP reputation-based threat intelligence. The solution aims to thwart cyberattacks, including Zero-Day threats, in real-time. Davis has a notable track record of speaking at major industry events and being featured in prominent media outlets.

INTRUSION (NASDAQ: INTZ) announced participation in the 23rd Annual H.C. Wainwright Global Investment Conference on September 14, 2021. Key executives, including Chief Technology Officer Joe Head, Chief Financial Officer Franklin Byrd, and Chief Marketing Officer Gary Davis, will host virtual meetings with investors. An on-demand replay of their presentation will be available from September 13, 2021, at 7:00 A.M. EDT on the company's website. INTRUSION provides advanced cyberattack prevention solutions, leveraging artificial intelligence to safeguard against threats, including zero-days.

INTRUSION, Inc. (Nasdaq: INTZ) announced on August 16, 2021, that its cyber defense product, INTRUSION Shield, received validation from Ten Mile Square Technologies following independent performance assessments. Shield is a signature-free, bidirectional Zero Trust solution that employs AI and historical IP reputation to prevent cyber threats. The assessment confirmed that Shield performs effectively according to its claims. Despite some minor suggestions for improvement, the overall feedback was positive, highlighting Shield's competitiveness in the market.

INTRUSION, Inc. (NASDAQ: INTZ) reported its Q2 2021 financial results, showcasing a revenue of $2.0 million, an increase from $1.9 million in Q1 2021 and $1.7 million in Q2 2020. The gross profit margin decreased to 63% compared to 66% in Q1 2021. Operating expenses surged to $6.9 million from $5.1 million in the previous quarter. The net loss widened to $5.0 million, or ($0.28) per share. As of June 30, cash and equivalents stood at $9.3 million with working capital of $7.3 million.