Intrusion Stock Price, News & Analysis

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.

INTRUSION, Inc. (NASDAQ: INTZ) has identified suspicious activity on popular Russian websites Playrix and Yandex, indicating potential malware exposure for users. The company's threat detection team found links to malware distribution, revealing a pathway from Playrix to a Yandex subdomain that could compromise visitors' devices. Gary Davis, Chief Evangelist, emphasized the need for enhanced cybersecurity awareness. INTRUSION's services include real-time threat protection through its advanced AI-driven solutions, which aim to safeguard against cyber threats.

INTRUSION (Nasdaq: INTZ) released findings from a July survey indicating that despite significant IT budget allocations for cybersecurity, data breaches remain prevalent. Key findings reveal that nearly half of organizations allocate over 20% of their budgets to cybersecurity, yet 52% reported a data breach at some point. Responses showed that 84% have a formal response plan, yet concerns about cyberattacks persist. The survey underscores a gap between investment in cybersecurity and the effectiveness of measures in protecting against internal and external threats.

INTRUSION, Inc. (Nasdaq: INTZ) announced preliminary second-quarter revenue estimates between $1.9 million and $2.0 million. The company is exploring funding options to achieve profitability, addressing slower-than-expected sales of its Shield product due to extended customer evaluation cycles. Despite these challenges, INTRUSION remains confident in Shield's effectiveness against cyber threats. Additionally, CEO Jack B. Blount has departed, with CFO Franklin Byrd and CTO Joe Head temporarily handling operations. Full results will be released on August 12.

INTRUSION (Nasdaq: INTZ) announces its inclusion in the Russell Microcap® Index, effective June 25, 2021. This membership enhances exposure to institutional investors, potentially improving stock liquidity. FTSE Russell selects index members based on market capitalization and style attributes, with approximately $10.6 trillion in assets tracking these indexes. The company aims to leverage its advanced AI-driven cyber defense solutions to bolster market presence and shareholder value.

INTRUSION Inc. (NASDAQ: INTZ) announced that its President and CEO, Jack Blount, along with CFO Franklin Byrd, will present at the Needham 16th Annual Technology & Media Conference on May 19, 2021, at 7:00 a.m. CT. This virtual event will provide opportunities for portfolio managers and analysts to meet with management throughout the day. Interested parties can request meetings via email. The presentation will be available via live audio webcast and archived on the company's Investor Relations website.