Intrusion Stock Price, News & Analysis

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.

INTRUSION announced its financial results for Q1 2021, revealing a revenue increase to $1.9 million, up from $1.6 million in Q4 2020 and $1.8 million in Q1 2020. The gross profit margin improved to 66%, compared to 58% in the previous quarters. Operating expenses rose to $5.1 million, leading to a net loss of $3.9 million, or ($0.22) per share. The company highlighted growth in its government business and positive feedback for its INTRUSION Shield product, while noting that significant contributions from the new SaaS offering will take time.

INTRUSION Inc. (NASDAQ: INTZ) will disclose its Q1 2021 financial results on May 4, 2021, after market close. The presentation will be led by Jack Blount and Franklin Byrd during a conference call at 4:00 p.m. CT, available live on their investor relations website.

The call can be accessed via telephone using numbers provided in the release. A replay will be available shortly after the call until May 11, 2021. INTRUSION specializes in cyberattack prevention solutions leveraging AI and threat intelligence.

INTRUSION (NASDAQ: INTZ) is facing legal challenges following a short report published on April 14, 2021, leading to investigations by law firms and a class action lawsuit filed on April 16. The lawsuit names the company’s CEO and CFO as defendants, reiterating allegations from the short report. INTRUSION firmly denies these claims, asserting they are baseless and plans to mount a robust defense. The company highlights its proprietary technology behind Shield, which is backed by patents and in early customer rollout with notable clients such as Kimberly-Clark and Lippert Components.

INTRUSION, Inc. (NASDAQ: INTZ) recently announced its intention to address false claims made in a research report. CEO Jack Blount criticized the report as malicious and inaccurate, stating the company is considering further action. INTRUSION specializes in cyberattack prevention solutions, notably including Zero-Day vulnerabilities. The company's offerings utilize AI to combat cyber threats in real-time. INTRUSION seeks to protect businesses of all sizes with advanced threat intelligence and solutions like Shield, TraceCop™, and Savant™.