Intrusion Inc. (NASDAQ: INTZ) Q2 2026 results show ARR boost but tight cash
Rhea-AI Filing Summary
Intrusion Inc. reported second quarter 2026 revenue of $1.5 million, up 64% sequentially but down 22% from the prior-year quarter, reflecting delays in a key U.S. government contract. Gross profit margin was 66%, compared with 74% in the first quarter of 2026 and 76% a year earlier, driven by product mix. Operating expenses were $3.4 million, down $0.8 million sequentially and slightly lower than the same period in 2025.
The company reported a second quarter 2026 net loss of $2.6 million, or $(0.13) per share, compared with a net loss of $2.0 million, or $(0.10) per share, a year earlier. As of June 30, 2026, cash and cash equivalents were $0.2 million. Intrusion completed the acquisition of VigilAigent, which is expected to add approximately $3.5 million of annual recurring revenue from multi-year contracts and is intended to enhance revenue quality and accelerate the path to profitability, which management targets for fiscal 2027.
Positive
- Revenue rebounded sequentially, rising to $1.5 million in Q2 2026, a 64% increase versus the prior quarter.
- Operating expenses decreased to $3.4 million in Q2 2026, down $0.8 million sequentially, indicating early cost control efforts.
- VigilAigent acquisition adds scale, expected to contribute about $3.5 million in annual recurring revenue from diversified multi-year customer contracts.
Negative
- Year-over-year revenue declined, with Q2 2026 revenue of $1.5 million down 22% from the prior-year quarter.
- Losses widened, as Q2 2026 net loss increased to $2.6 million from $2.0 million in Q2 2025, with net loss per share at $(0.13).
- Liquidity is strained, with cash and cash equivalents at $0.2 million as of June 30, 2026, while notes payable totaled $3.3 million current and noncurrent.
- Gross margin compressed to 66% in Q2 2026 from 74% in Q1 2026 and 76% a year earlier, reducing profitability leverage.
Filing Explained
June 30 reporting shows a larger common-share base and newly reported notes payable alongside cash and cash equivalents.
This Form 8-K reports second-quarter results and, as of June 30, records a higher outstanding common-share count and notes payable; compared with December 31, the share base is higher and notes payable are newly reported.
An 8-K reports specified material events, and Item 2.02 identifies operating and financial results; the company furnished the release as Exhibit 99.1 and stated that the information is not treated as filed under Exchange Act Section 18.
Outstanding common shares increased between December 31 and June 30, so a holder whose share count did not change would represent a smaller fractional stake; the balance sheet also shows current and noncurrent notes payable where none was reported at year-end.
At
Sources and calculations
- Intrusion Inc. Form 8-K and Exhibit 99.1 (2026-08-11)
- Form 8-K purpose (undated)
- Intrusion Q1 2026 fundamentals (2026Q1)
- Cash and equivalents vs quarterly operating cash outflow, in days of cash use $1,366,000 / ($1,821,000 / 90) = [object Object]
8-K Event Classification
Key Figures
Key Terms
annual recurring revenue financial
gross profit margin financial
deferred revenue financial
noncontrolling interest financial
forward-looking statements regulatory
Earnings Snapshot
Management expressed confidence in improving financial results in the second half of fiscal 2026 and indicated a target to transition to profitability in fiscal year 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On August 11, 2026, Intrusion, Inc. (the “Company”) issued a press release providing information about its operating and financial results for the quarter ended June 30, 2026. A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1.
The information included in this Item 2.02, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
|
Exhibit No. |
Description | |
| 99.1 | Press release of the registrant, issued on August 11, 2026. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| Intrusion, Inc. | ||
| Dated: August 11, 2026 | By: | /s/ Kimberly Pinson |
| Kimberly Pinson | ||
| Chief Financial Officer | ||
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Exhibit 99.1
Intrusion Inc. Reports Second Quarter 2026 Results
Sequential revenue growth and the acquisition of VigilAigent enhance revenue quality and visibility while accelerating the Company's path to profitability
PLANO, Texas, August 11, 2026 (ACCESSWIRE) -- Intrusion Inc. (NASDAQ: INTZ) (“Intrusion” or the “Company”), a provider of AI-powered cyberattack prevention, threat intelligence, and managed cybersecurity solutions, announced today financial results for the second quarter ended June 30, 2026.
Recent Financial & Business Highlights:
| · | Achieved sequential revenue growth of 64% during the second quarter of 2026. |
| · | Completed the acquisition of VigilAigent to create an AI-native cybersecurity platform and improve the Company’s top line by adding approximately $3.5 million in annual recurring revenue from multi-year contracts. |
| · | Hosted a Technology & Innovation Day highlighting the combined capabilities power of Intrusion and VigilAigent’s technologies. |
| · | Signed a $4 million annual contract to deliver cyber threat intelligence and critical infrastructure protection to the state of Texas. |
VigilAigent Acquisition Integration Highlights Since Closing:
| · | Advanced integration of the combined organizations while maintaining customer support and service continuity. |
| · | Identified more than $3 million of potential annualized operating cost synergies. |
| · | Continued commercial momentum through customer renewals, new business, and partner engagement. |
| · | Expanded the Company's strategic foundation with enhanced Ai capabilities, managed security expertise, and a broader commercial platform. |
“The second quarter was a pivotal one for Intrusion. We returned to sequential revenue growth and restored the revenue run rate achieved prior to the funding delay associated with the Department of War contract. We also made significant progress in positioning our business for future growth, as demonstrated by our recent acquisition of VigilAigent,” said Tony Scott, President & Chief Executive Officer of Intrusion. “The addition of VigilAigent will be immediately accretive to our top line results by adding approximately $3.5 million of annual recurring revenue over the upcoming quarters from a diversified base of multi-year customer contracts. We believe that integrating VigilAigent's technology with Intrusion's will create a unified platform that expands our ability to serve larger enterprise customers, strengthens our competitive position, and drives strategic customer acquisition and long-term organic growth.”
Mr. Scott concluded, “As we look toward the second half of fiscal 2026, we are confident that we will begin to see a steady improvement in our financial results. The quality and visibility of our revenue has already improved, and we expect this trend to continue as we further expand our sales pipeline. This gives us great confidence that we remain on track to transition Intrusion to profitability in fiscal year 2027 and create value for our shareholders.”
Second Quarter Financial Results
Revenue for the second quarter of 2026 was $1.5 million, representing an increase of 64% on a sequential basis and a decrease of 22% compared to the prior year period. Performance continued to be impacted by delays in the award of a key U.S. government contract. The Company remains optimistic that a meaningful portion of the associated revenue will be realized in future periods subject to final award timing and funding approvals.
The gross profit margin was 66% for the second quarter of 2026, compared to 74% for the first quarter of 2026 and 76% for the prior year period. Gross margin varies based on product mix.
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Operating expense for the second quarter of 2026 was $3.4 million, a decrease of $0.8 million sequentially and a decrease of less than $0.1 million compared to the second quarter of 2025.
Net loss for the second quarter of 2026 was $2.6 million, or $(0.13) per share, compared to a net loss of $2.0 million, or $(0.10) per share, in the second quarter of 2025.
As of June 30, 2026, cash and cash equivalents were $0.2 million.
Conference Call
Intrusion’s management will host a conference call today at 5:00 P.M. EDT. Interested investors can access the live call by dialing 1-888-506-0062, or 1-973-528-0011 for international callers, and providing the following access code: 848276. The call will also be webcast live (LINK) For those unable to participate in the live conference call, a replay will be accessible beginning tonight at 7:00 P.M. EDT until August 26, 2026, by dialing 1-877-481-4010, or 1-919-882-2331 for international callers, and entering the following access code: 54153. Additionally, a live and archived audio webcast of the conference call will be available at www.intrusion.com.
About Intrusion Inc.
Intrusion Inc. is a cybersecurity company based in Plano, Texas, specializing in advanced threat intelligence. At the core of its capabilities is a proprietary database that catalogs the historical behavior, associations, and reputational risk of IPv4 and IPv6 addresses, domain names, and hostnames. Built on years of gathering global internet intelligence and supporting government entities, this data forms the backbone of Intrusion's commercial solutions.
Cautionary Statement Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. All statements other than statements of historical facts contained herein, including statements regarding our financial position; our ability to continue our business as a going concern; our business, sales, and marketing strategies and plans; our ability to successfully market, sell, and deliver our Intrusion Shield commercial product and solutions to an expanding customer base; are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” or the negative of these words or other similar terms or expressions. Forward-looking statements contained in this press release include, but are not limited to, such statements.
You should not rely on forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this press release primarily on our current expectations and projections about future events and trends that we believe may affect our business, financial condition, and operating results. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties, and other factors described in our filings with the Securities and Exchange Commission, including but not limited to our most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as the same may be updated from time to time.
The forward-looking statements made herein relate only to events as of the date on which the statements are made. We undertake no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date hereof or to reflect new information or the occurrence of unanticipated events, except as required by law.
IR Contact:
Alpha IR Group
Mike Cummings or Josh Carroll
INTZ@alpha-ir.com
Source: Intrusion Inc.
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INTRUSION INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except par value amounts)
June 30, 2026 | December 31, 2025 | |||||||
| (unaudited) | ||||||||
| ASSETS | ||||||||
| Current Assets: | ||||||||
| Cash and cash equivalents | $ | 182 | $ | 3,624 | ||||
| Accounts receivable, net of allowance of $0.1 million | 1,452 | 131 | ||||||
| Prepaid expenses and other assets | 682 | 476 | ||||||
| Total current assets | 2,316 | 4,231 | ||||||
| Noncurrent Assets: | ||||||||
| Property and equipment: | ||||||||
| Equipment | 2,983 | 2,917 | ||||||
| Capitalized software development | 6,252 | 5,663 | ||||||
| Leasehold improvements | 18 | 18 | ||||||
| Property and equipment, gross | 9,253 | 8,598 | ||||||
| Accumulated depreciation and amortization | (5,070 | ) | (4,313 | ) | ||||
| Property and equipment, net | 4,183 | 4,285 | ||||||
| Goodwill | 4,299 | – | ||||||
| Finance leases, right-of-use assets (“ROU”), net | 163 | 222 | ||||||
| Operating leases, ROU, net | 1,247 | 1,392 | ||||||
| Other assets | 263 | 257 | ||||||
| Total noncurrent assets | 10,155 | 6,156 | ||||||
| TOTAL ASSETS | $ | 12,471 | $ | 10,387 | ||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| Current Liabilities: | ||||||||
| Accounts payable, trade | $ | 2,277 | $ | 492 | ||||
| Accrued expenses | 522 | 357 | ||||||
| Finance lease liabilities, current portion | 99 | 167 | ||||||
| Operating leases liabilities, current portion | 79 | 266 | ||||||
| Notes payable, current portion | 2,236 | – | ||||||
| Deferred revenue | 794 | 503 | ||||||
| Total current liabilities | 6,007 | 1,785 | ||||||
| Noncurrent Liabilities: | ||||||||
| Finance lease liabilities, noncurrent portion | 5 | 6 | ||||||
| Operating lease liabilities, noncurrent portion | 1,340 | 1,319 | ||||||
| Notes payable, noncurrent portion | 1,034 | – | ||||||
| Total noncurrent liabilities | 2,379 | 1,325 | ||||||
| Commitments and Contingencies – (See Note 5) | – | – | ||||||
| Stockholders’ Equity: | ||||||||
| Preferred stock, $0.01 par value: Authorized shares – 5,000; Issued shares – 0 in 2026 and 2025 | – | – | ||||||
| Common stock, $0.01 par value: Authorized shares – 80,000; Issued shares – 22,758 in 2026 and 20,117 in 2025; Outstanding shares – 22,757 in 2026 and 20,116 in 2025 | 228 | 201 | ||||||
| Common stock held in treasury, at cost – 1 share(s) | (362 | ) | (362 | ) | ||||
| Additional paid-in capital | 136,187 | 134,547 | ||||||
| Accumulated deficit | (133,219 | ) | (127,066 | ) | ||||
| Noncontrolling interest | 1,294 | – | ||||||
| Accumulated other comprehensive loss | (43 | ) | (43 | ) | ||||
| Total stockholders’ equity | 4,085 | 7,277 | ||||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 12,471 | $ | 10,387 | ||||
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INTRUSION INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
| Three Months Ended | Six Months Ended | |||||||||||||||
| June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | |||||||||||||
| Revenue | $ | 1,453 | $ | 1,873 | $ | 2,341 | $ | 3,648 | ||||||||
| Cost of revenue | 488 | 442 | 717 | 874 | ||||||||||||
| Gross profit | 965 | 1,431 | 1,624 | 2,774 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Sales and marketing | 1,365 | 1,207 | 2,995 | 2,391 | ||||||||||||
| Research and development | 1,145 | 1,332 | 2,596 | 2,550 | ||||||||||||
| General and administrative | 948 | 978 | 2,098 | 2,012 | ||||||||||||
| Operating loss | (2,493 | ) | (2,086 | ) | (6,065 | ) | (4,179 | ) | ||||||||
| Interest expense | (110 | ) | (21 | ) | (121 | ) | (50 | ) | ||||||||
| Other income, net | 7 | 65 | 27 | 89 | ||||||||||||
| Net loss | (2,596 | ) | (2,042 | ) | (6,159 | ) | (4,140 | ) | ||||||||
| Less net loss attributable to noncontrolling interests | (6 | ) | – | (6 | ) | – | ||||||||||
| Net loss attributable to Intrusion, Inc. | $ | (2,590 | ) | $ | (2,042 | ) | $ | (6,153 | ) | $ | (4,140 | ) | ||||
| Net loss per share: | ||||||||||||||||
| Basic | $ | (0.13 | ) | $ | (0.10 | ) | $ | (0.30 | ) | $ | (0.21 | ) | ||||
| Diluted | $ | (0.13 | ) | $ | (0.10 | ) | $ | (0.30 | ) | $ | (0.21 | ) | ||||
| Weighted average common shares outstanding: | ||||||||||||||||
| Basic | 20,395 | 19,895 | 20,335 | 19,557 | ||||||||||||
| Diluted | 20,395 | 19,895 | 20,335 | 19,557 | ||||||||||||
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