Core Insights - Sitka Gold Corp. has announced the discovery of a third intrusion-related gold deposit at its RC Gold Project in Yukon, with significant assay results from recent drilling [2][3][6] - The initial drilling results indicate strong gold mineralization, with notable intersections including 152.1 meters of 1.00 g/t gold and 114.8 meters of 1.11 g/t gold from surface [3][20][22] - The ongoing 30,000-meter diamond drill program aims to further explore the potential of the Rhosgobel target, which is characterized by a large gold-in-soil anomaly [2][41] Drilling Results - The first drill holes of 2025 at Rhosgobel returned up to 152.1 meters of 1.00 g/t gold, including 9.0 meters of 4.23 g/t gold and 10.0 meters of 2.75 g/t gold in hole DDRCRG-25-003 [3][20] - Hole DDRCRG-25-005 intersected 114.8 meters of 1.11 g/t gold, including 8.6 meters of 3.50 g/t gold [3][22] - All reported holes from Rhosgobel have intersected intervals exceeding 100 gram-metres of gold, confirming the presence of a significant gold system [3][6] Project Overview - The RC Gold Project spans 431 square kilometers and is located in the Tombstone Gold Belt, approximately 100 kilometers east of Dawson City [36] - The project is accessible year-round via a secondary gravel road and is strategically positioned between the Eagle Gold Mine and the Brewery Creek Gold Mine [36] - The project currently has pit-constrained mineral resources, including 1,291,000 ounces of gold at Blackjack and 440,000 ounces at Eiger [37][38] Future Plans - Sitka Gold plans to complete up to 10,000 meters of drilling at Rhosgobel this year, with 18 holes already completed and assays pending for 14 holes [2][3] - Drilling has also commenced at the Pukelman target, where historical data suggests the potential for another reduced intrusion-related gold deposit [4][24] - The company is advancing its exploration efforts with a focus on identifying economically viable mineral deposits [44]

Company Performance - Intrusion Inc. (INTZ) shares decreased by 5.43% to $2.09, underperforming the S&P 500's slight loss of 0.01% on the same day [1] - Over the past month, the company's shares fell by 0.9%, lagging behind the Computer and Technology sector's gain of 7.44% and the S&P 500's gain of 5.37% [1] Upcoming Earnings - The upcoming earnings disclosure is expected to show an EPS of -$0.09, which represents an 83.02% improvement compared to the same quarter last year [2] - Revenue is projected to be $1.8 million, reflecting a 23.29% increase from the previous year [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates predict an EPS of -$0.36 and revenue of $7.65 million, indicating increases of 77.91% and 32.56% respectively compared to the previous year [3] Analyst Forecasts - Recent revisions to analyst forecasts for Intrusion Inc. are important as they reflect changes in short-term business dynamics, with positive revisions indicating analyst optimism [4] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown a track record of outperformance, with 1 stocks averaging a return of +25% annually since 1988 [6] - Intrusion Inc. currently holds a Zacks Rank of 3 (Hold), with the Consensus EPS estimate remaining unchanged over the past month [6] Industry Context - The Computer - Networking industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 46, placing it in the top 19% of over 250 industries [7] - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [7]

Company Performance - Intrusion Inc. (INTZ) closed at $2.09, reflecting a -9.52% change from the previous day, underperforming compared to the S&P 500's loss of 0.33% [1] - Over the past month, shares of Intrusion Inc. increased by 6.94%, outperforming the Computer and Technology sector's gain of 5.24% and the S&P 500's gain of 4.07% [1] Earnings Forecast - The upcoming earnings disclosure is anticipated to show an EPS of -$0.09, indicating an 83.02% growth compared to the same quarter last year [2] - The consensus estimate projects revenue of $1.8 million, reflecting a 23.29% increase from the equivalent quarter last year [2] Full-Year Estimates - Zacks Consensus Estimates for the full year predict earnings of -$0.36 per share and revenue of $7.65 million, representing year-over-year changes of +77.91% and +32.56%, respectively [3] Analyst Sentiment - Recent changes to analyst estimates for Intrusion Inc. suggest a positive outlook on the company's business operations and profit generation capabilities [4] - The Zacks Rank system, which reflects these estimate changes, currently rates Intrusion Inc. as 3 (Hold) [6] Industry Context - The Computer - Networking industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 69, placing it in the top 28% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Company Performance - Intrusion Inc. (INTZ) closed at $2.23, down 5.51% from the previous trading session, underperforming the S&P 500's gain of 0.52% [1] - Over the past month, shares of Intrusion Inc. have increased by 74.82%, significantly outperforming the Computer and Technology sector's gain of 9.55% and the S&P 500's gain of 5.95% [1] Earnings Estimates - The upcoming earnings per share (EPS) for Intrusion Inc. is projected at -$0.09, which represents an 83.02% increase compared to the same quarter last year [2] - The consensus estimate for revenue is $1.8 million, reflecting a 23.29% increase from the prior-year quarter [2] - For the annual period, the Zacks Consensus Estimates predict an EPS of -$0.36 and revenue of $7.65 million, indicating increases of 77.91% and 32.56% respectively from the previous year [3] Analyst Estimates and Rankings - Recent modifications to analyst estimates for Intrusion Inc. are crucial as they reflect near-term business trends, with upward revisions indicating analysts' positive outlook on the company's operations [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have returned an average of +25% annually since 1988 [5][6] - Intrusion Inc. currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining stagnant over the past month [6] Industry Context - The Computer - Networking industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 181, placing it in the bottom 27% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Company Overview - Intrusion Inc offers cybersecurity solutions, including Intrusion Shield, leveraging proprietary threat intelligence and AI-based analysis[10, 36] - The company's technology includes a database with historical data on over 85 billion IPs[10] - Intrusion's solutions protect against inbound and outbound threats, identify threats in real-time, and optionally block malicious connections[9] Business Highlights - In 2025, Intrusion took actions to strengthen its balance sheet, resulting in $145 million in proceeds and the elimination of $101 million notional value of Series A Preferred Stock[21] - In 2024, Intrusion signed 20 new Intrusion Shield logos[24] - Intrusion signed a $20 million contract with the U S Department of Defense to support cybersecurity efforts[24] Market and Product - The cybersecurity market is experiencing growing demand, with economic impact of cybercrime reaching $105 trillion[26] - Intrusion Shield Command Hub harnesses AI for smarter cybersecurity[24] - Intrusion offers Shield OnPremise, Shield Cloud, and Shield Endpoint to protect various network environments[47] Financials - As of March 31, 2025, Intrusion had $107 million in cash and cash equivalents and $179 million in net equity[55] - Total common stock outstanding as of March 31, 2025, was 19,895,095 shares, with affiliates holding 40%[58] - Intrusion's revenue for the first quarter of 2025 was $18 million[59]

Financial Data and Key Metrics Changes - Total revenues for the first quarter of 2025 were $1,800,000, representing a 6% increase compared to the previous quarter and a 57% increase year-over-year [12][14] - Gross profit margin was 76% for the first quarter of 2025, down from 80% in the first quarter of 2024, primarily due to product mix changes [17] - Net loss for the first quarter of 2025 was $2,100,000, or $0.11 per share, compared to a net loss of $1,700,000, or $0.94 per share, for the first quarter of 2024 [19] Business Line Data and Key Metrics Changes - Consulting revenues totaled $1,400,000 in the first quarter, an increase of $100,000 sequentially and $700,000 year-over-year [14] - Shield revenues were $400,000, an increase of $100,000 sequentially but flat year-over-year [15][16] Market Data and Key Metrics Changes - Sales to U.S. Government entities represented 92% of revenues in the first quarter of 2025, indicating strong demand for Shield and Consulting services [17] - The company is experiencing strong demand for its products both domestically and in the Asia Pacific region, driven by a growing positive reputation [6] Company Strategy and Development Direction - The company is focusing on making its ShieldCloud product available on the AWS Marketplace, expected to contribute positively to revenue in the second half of fiscal year 2025 [7] - Strategic investments are being made in R&D to enhance product offerings, particularly in protecting critical infrastructure assets [10] - A new partnership with PortNexus has been established to integrate IntrusionShield endpoint into their solutions, indicating a focus on expanding market reach [11] Management's Comments on Operating Environment and Future Outlook - Management is optimistic about the strength of the non-government pipeline supporting growth despite uncertainties in federal budget approvals [13] - The demand for cybersecurity solutions is expected to increase due to rising threats, positioning the company for potential growth [21] Other Important Information - The company has eliminated outstanding debt and has a strong cash position of $10,700,000 as of March 31, 2025, compared to $100,000 in March 2024 [19][20] - A $100,000,000 replacement S-3 shelf registration was filed, providing financial flexibility for future opportunities [20] Q&A Session Summary Question: Potential changes to pricing - Management is reviewing pricing strategies to ensure competitiveness, particularly for managed service providers, without reducing prices [25][26] Question: Support for AWS marketplace entry - The company plans to utilize various marketing strategies to create awareness in the AWS marketplace, following best practices [30] Question: Expansion opportunities with the DOD - Management believes there are opportunities for expanding the relationship with the DOD, with ongoing conversations [31] Question: Shield revenue for the quarter - Shield revenue was confirmed to be $400,000, up from the previous quarter and fully backfilling the loss from a large customer [33][38] Question: CIOs' budgets for cybersecurity products - Management noted no significant changes in budgets for cybersecurity products, with robust interest observed at the RSA conference [43][44] Question: Catalyst for significant revenue growth - Management indicated that growth will come from a combination of existing products, new offerings, and potential opportunities in AWS and other digital marketplaces [49][52] Question: Revenue potential from PortNexus partnership - While it's too early to project specific revenue figures, management is optimistic about the partnership's potential for expansion [58]

Core Viewpoint - Intrusion Inc. reported a quarterly loss of $0.11 per share, aligning with the Zacks Consensus Estimate, and showing improvement from a loss of $0.94 per share a year ago [1] - The company generated revenues of $1.78 million for the quarter, exceeding the Zacks Consensus Estimate by 7.25%, compared to $1.13 million in the same quarter last year [2] Financial Performance - The company has surpassed consensus EPS estimates two times over the last four quarters [1] - Revenues have also topped consensus estimates two times in the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is -$0.09 on revenues of $1.8 million, and for the current fiscal year, it is -$0.39 on revenues of $7.5 million [7] Stock Performance - Intrusion shares have declined approximately 55.8% since the beginning of the year, contrasting with the S&P 500's decline of 6% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6] Industry Outlook - The Computer - Networking industry, to which Intrusion belongs, is currently ranked in the top 28% of over 250 Zacks industries, suggesting a favorable outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Intrusion (INTZ) Q1 2025 Earnings Call April 29, 2025 05:00 PM ET Company Participants Joshua Carroll - Vice PresidentTony Scott - President & CEOKimberly Pinson - CFOWalter Schenker - Principal Conference Call Participants Scott Buck - Managing Director & Senior Technology AnalystEdward Woo - Director of Research & Senior AnalystAaron Warwick - Co-Founder & Stock Analyst Operator Welcome to Intrusion Inc. First Quarter twenty twenty five Earnings Conference Call and Webcast. At this time, all participant l ...

Revenue Performance - Revenue for the three-month period ended March 31, 2025, was $1.775 million, a 56.9% increase from $1.131 million in the same period in 2024[79] - Consulting services revenue totaled $1.4 million for the three months ended March 31, 2025, compared to $0.7 million for the same period in 2024[79] - INTRUSION Shield revenues were $0.4 million for both the three-month periods ended March 31, 2025, and 2024, with a significant customer loss impacting revenue[79] - Revenues from U.S. government entities accounted for 91.6% of total revenues for the quarter ended March 31, 2025, up from 58.6% in the same period in 2024[81] Profitability and Loss - Gross profit was $1.343 million, or 75.7% of revenues, for the quarter ended March 31, 2025, compared to $0.905 million, or 80.0% of revenues, for the same period in 2024[82] - Net loss for the first quarter of 2025 was $2.098 million, or $0.11 per share, compared to a net loss of $1.716 million, or $0.94 per share, for the first quarter of 2024[90] Expenses - Operating expenses totaled $3.4 million for the quarter ended March 31, 2025, unchanged from the same period in 2024[83] - Research and development expenses totaled $1.218 million for the quarter ended March 31, 2025, an increase of 19.5% compared to the same period in 2024[85] Cash and Financing - Cash and cash equivalents increased to $10.7 million as of March 31, 2025, up from $4.9 million as of December 31, 2024[91] - Net cash provided by financing activities was $8.37 million for the three months ended March 31, 2025, compared to $1.524 million for the same period in 2024[98] Accounting Policies - The unaudited condensed consolidated financial statements are prepared in accordance with U.S. GAAP, requiring estimates and assumptions that impact reported amounts of assets, liabilities, revenue, and expenses[99] - There have been no significant changes to critical accounting policies and estimates since the 2024 Annual Report[100] - The company evaluates its estimates and assumptions on an ongoing basis, acknowledging that actual results may differ from these estimates[99]

[Intrusion Inc. First Quarter 2025 Earnings Release](index=1&type=section&id=Intrusion%20Inc.%20First%20Quarter%202025%20Earnings%20Release) [Financial & Business Highlights](index=1&type=section&id=Financial%20%26%20Business%20Highlights) Intrusion Inc. achieved its fourth consecutive quarter of revenue growth, significantly strengthening its balance sheet and securing funding into 2026 [Management Commentary](index=1&type=section&id=Management%20Commentary) CEO Tony Scott emphasized the company's progress towards sustainable growth, a strengthened balance sheet, and unaffected government contracts - The company has secured sufficient cash to fund operations into **2026**, eliminating the need for additional capital raising in **2025**[2](index=2&type=chunk) - Management's core priorities include enhancing products, expanding the customer base, and strengthening the sales pipeline[2](index=2&type=chunk) - Existing government contracts remain unaffected despite some U.S. policy uncertainty[2](index=2&type=chunk) [Key Achievements](index=1&type=section&id=Key%20Achievements) Intrusion achieved its fourth consecutive quarter of revenue improvement, generating $14.5 million and eliminating all debt - Achieved a **fourth consecutive quarter of revenue improvement**[9](index=9&type=chunk) - Strategic measures in Q4 2024 and Q1 2025 generated **$14.5 million** in proceeds and retired **$10.1 million** of Series A Preferred Stock[9](index=9&type=chunk) - Eliminated all remaining debt during **Q1 2025** through an exchange for common stock[9](index=9&type=chunk) [Q1 2025 Financial Performance](index=1&type=section&id=Q1%202025%20Financial%20Performance) Q1 2025 revenue reached $1.8 million with a 76% gross margin, resulting in a $2.1 million net loss and $10.7 million cash Q1 2025 Key Financial Metrics (In millions, except per share amounts and percentages) | Metric | Q1 2025 | Q1 2024 | Change | | :--- | :--- | :--- | :--- | | Revenue | ~$1.8 million | $1.131 million | +59% YoY | | Gross Profit Margin | 76% | 80% | -4 p.p. | | Operating Expenses | $3.4 million | $3.4 million | Unchanged YoY | | Net Loss | $2.1 million | $1.7 million | Increased Loss | | Net Loss per Share | $(0.11) | $(0.94) | - | | Cash and Cash Equivalents (End of Period) | $10.7 million | N/A | - | - The **6% sequential revenue increase** was driven by new customers, including a U.S. Department of Defense award[3](index=3&type=chunk) - The increase in net loss for **2025** was primarily due to a one-time net interest credit of **$0.8 million** recorded in **Q1 2024** related to a debt-for-equity exchange[6](index=6&type=chunk) - Cash and cash equivalents improved to **$10.7 million** as of **March 31, 2025**, due to capital transactions in late **Q4 2024** and **Q1 2025**[7](index=7&type=chunk) [Financial Statements](index=3&type=section&id=Financial%20Statements) Unaudited Q1 2025 financial statements show total assets of $18.0 million, liabilities of $4.6 million, and a net loss of $2.1 million [INTRUSION INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS](index=4&type=section&id=INTRUSION%20INC.%20AND%20SUBSIDIARIES%20UNAUDITED%20CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) Q1 2025 statements show revenue of $1.775 million, gross profit of $1.343 million, and a net loss of $2.098 million or ($0.11) per share Unaudited Condensed Consolidated Statements of Operations (In thousands, except per share amounts) | | Three Months Ended March 31, | | | :--- | :--- | :--- | | | **2025** | **2024** | | **Revenue** | **$1,775** | **$1,131** | | Gross profit | $1,343 | $905 | | Operating loss | $(2,093) | $(2,472) | | **Net loss** | **$(2,098)** | **$(1,716)** | | **Net loss per share (Basic & Diluted)** | **$(0.11)** | **$(0.94)** | | Weighted average common shares outstanding (Basic & Diluted) | 19,216 | 1,865 | [INTRUSION INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS](index=3&type=section&id=INTRUSION%20INC.%20AND%20SUBSIDIARIES%20CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) As of March 31, 2025, total assets increased to $18.0 million, liabilities decreased to $4.6 million, and equity grew to $13.4 million Condensed Consolidated Balance Sheets Highlights (In thousands) | | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **ASSETS** | | | | Cash and cash equivalents | $10,744 | $4,851 | | Total current assets | $12,076 | $5,534 | | **Total Assets** | **$17,982** | **$11,509** | | **LIABILITIES & EQUITY** | | | | Total current liabilities | $3,045 | $3,672 | | Total liabilities | $4,581 | $5,258 | | **Total stockholders' equity** | **$13,401** | **$6,251** | | **Total Liabilities and Stockholders' Equity** | **$17,982** | **$11,509** | [Additional Information](index=1&type=section&id=Additional%20Information) This section provides conference call details, a corporate overview of Intrusion Inc. and its products, and forward-looking statements [Conference Call Information](index=1&type=section&id=Conference%20Call) A conference call and webcast were scheduled for April 29, 2025, at 5:00 P.M. EDT to discuss financial results - A conference call to discuss results was scheduled for **5:00 P.M. EDT** on **April 29, 2025**[1](index=1&type=chunk)[8](index=8&type=chunk) - A replay of the call will be accessible until **May 13, 2025**[8](index=8&type=chunk) [About Intrusion Inc.](index=2&type=section&id=About%20Intrusion%20Inc.) Intrusion Inc. is a Plano, Texas-based cybersecurity company leveraging a threat intelligence database and offering its Zero Trust product, Intrusion Shield - The company's core offering is access to its threat intelligence database with historical data on over **8.5 billion IP addresses**[10](index=10&type=chunk) - Its commercial product, Intrusion Shield, is a Zero Trust solution blocking malicious traffic to protect against zero-day and ransomware attacks[10](index=10&type=chunk) [Forward-Looking Statements](index=2&type=section&id=Cautionary%20Statement%20Regarding%20Forward-Looking%20Information) This section contains forward-looking statements regarding the company's financial position and strategies, subject to inherent risks and uncertainties - The report includes forward-looking statements regarding financial position, strategy, and sales, which are not guarantees of future performance[11](index=11&type=chunk) - Readers are advised not to place undue reliance on these statements and to refer to SEC filings for a full description of risks[12](index=12&type=chunk)