Intrusion Inc. (NASDAQ:INTZ) Q4 2024 Earnings Call February 27, 2025 5:00 PM ET Company Participants Josh Carroll - Investor Relations Tony Scott - Chief Executive Officer Kimberly Pinson - Chief Financial Officer Conference Call Participants Scott Buck - H.C. Wainwright Ed Woo - Ascendiant Capital Harold Zirkin - HZ Investments Howard Brous - Wellington Shields Operator Welcome to Intrusion, Inc.’s Fourth Quarter 2024 Earnings Conference Call and Webcast. [Operator Instructions] Please note this conference ...

Intrusion Inc. (INTZ) came out with a quarterly loss of $0.36 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -56.52%. A quarter ago, it was expected that this company would post a loss of $0.42 per share when it actually produced a loss of $0.35, delivering a surprise of 16.67%.Over the last four quarters, the company has surpasse ...

Financial Performance - Revenue for the year ended December 31, 2024, totaled $5.8 million, an increase of $0.2 million or 2.9% from $5.6 million in 2023[105] - Gross profit for the 12-months ended December 31, 2024, was $4.4 million, maintaining a gross profit margin of 76.8% compared to 77.6% in 2023[110] - Operating expenses for the year ended December 31, 2024, totaled $12.9 million, a decrease of 21.5% from $16.4 million in 2023[111] - Net loss for the year ended December 31, 2024, was $7.8 million, a reduction of 43.9% from a net loss of $13.9 million in 2023[104] Revenue Sources - Revenues from U.S. government entities accounted for $4.8 million or 83.8% of total revenues in 2024, up from $2.6 million or 46.2% in 2023[107] - The company anticipates that sales to government customers will represent a lower percentage of total revenues as it gains traction in commercial markets[107] Expenses - Sales and marketing expenses decreased to $4.7 million in 2024, compared to $5.7 million in 2023[113] - Research and development expenses decreased to $4.4 million in 2024 from $5.6 million in 2023[114] Cash and Financing - Cash and cash equivalents as of December 31, 2024, were $4.9 million, with $1.9 million in working capital[125] - The company entered into a $10 million Standby Equity Purchase Agreement with Streeterville Capital, LLC on July 3, 2024[129] - In 2024, Streeterville purchased 1.2 million shares of common stock, resulting in aggregate net proceeds of $1.8 million, with $0.1 million received in 2024 and $1.7 million received in January 2025[131] - The company made principal payments of $0.4 million in 2023 and $1.5 million in 2022, with a remaining balance of $0.5 million on the first note due in September 2024[133] - A note purchase agreement in September 2024 involved Streeterville purchasing a note payable of $0.6 million for $0.5 million in cash, requiring weekly payments of $25,000 until maturity[134] - The CEO purchased a note payable of $1.1 million for $1.0 million in cash, with weekly payments of $40,000 until maturity on June 15, 2024[135] Revenue Recognition - The company recognizes product revenue upon shipment or after meeting performance obligations, with most sales derived from consulting services[140] - The new product, INTRUSION Shield, is offered on a subscription basis, with revenue recognized monthly over the contract term[143] Financial Estimates and Valuations - The company maintains allowances for credit losses for estimated losses from customer payment defaults, with historical estimates aligning closely with actual results[148] - The estimated fair value of accounts receivable and accounts payable approximates their carrying amounts due to short maturities[149] Preferred Stock - The Series A preferred stock has a stated value of $1,100 per share, with a portion of proceeds used to redeem outstanding preferred stock[133] - The company is in discussions with Streeterville regarding the redemption or amendment of the first note due in September 2024[133]

Exhibit 99.1 Intrusion Inc. Reports Fourth Quarter and Full Year 2024 Results Recent balance sheet actions position the Company for future growth PLANO, Texas, February 27, 2025 (ACCESSWIRE) -- Intrusion Inc. (NASDAQ: INTZ) ("Intrusion" or the "Company"), a leader in cyberattack prevention solutions, announced today financial results for the fourth quarter and full year ended December 31, 2024. Recent Financial & Business Highlights: "We have continued to make progress toward positioning our business for fu ...

Intrusion Inc. (INTZ) is scheduled to report fourth-quarter 2024 results on Feb. 27, after the closing bell.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for revenues is pegged at 2.03 million, indicating an increase of 47.8% from a year ago.The Zacks Consensus Estimate for the fourth-quarter bottom line is pegged at a loss of 23 cents per share, unchanged in the past 60 days. The company reported a loss of 9 cents per share in the year-ago quarter.INT ...

Company Overview - Intrusion Inc. (INTZ) closed at $1.83, reflecting a +0.55% change from the previous day, which is lower than the S&P 500's gain of 0.67% [1] - The stock has experienced a significant decline of 37.24% over the past month, underperforming compared to the Computer and Technology sector's loss of 0.79% and the S&P 500's gain of 2.07% [1] Earnings Projections - The upcoming earnings per share (EPS) for Intrusion Inc. is projected at -$0.23, indicating a substantial drop of 155.56% compared to the same quarter last year [2] - Quarterly revenue is estimated to be $2.03 million, which represents an increase of 47.81% from the year-ago period [2] Analyst Estimates - Recent changes in analyst estimates for Intrusion Inc. reflect shifting short-term business dynamics, with positive revisions indicating analyst optimism regarding the company's business and profitability [3] - The Zacks Rank system, which incorporates these estimate changes, provides a practical rating system for stocks [4] Zacks Rank and Industry Performance - Intrusion Inc. currently holds a Zacks Rank of 3 (Hold), with no changes in the Zacks Consensus EPS estimate over the past month [5] - The Computer - Networking industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 68, placing it in the top 28% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]

For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Intrusion Inc. (INTZ) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Intrusion Inc. is one of 609 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zac ...

Intrusion Inc. (INTZ) recently unveiled Shield Sentinel, a high-performance cybersecurity monitoring solution tailored for large enterprises and carriers. Designed to tackle complex network environments, Shield Sentinel delivers advanced capabilities, including bidirectional monitoring of fiber trunks at speeds up to 100 Gbps, continuous domain name system (DNS) and traffic flow logging and robust forensic analysis.Shield Sentinel has demonstrated successful outcomes in strengthening cybersecurity efforts. ...

Sitka Confirms and Extends Another Reduced Intrusion-Related Gold System with Rock Samples Returning up to 31.7 g/t Gold at Its Flagship RC Gold Project in YukonDecember 02, 2024 8:30 AM EST | Source: Sitka Gold Corp.A large Reduced Intrusion-Related Gold System (RIRGS) has been confirmed and extended at the May-Qu target within the Mid-Cretaceous, Tombstone suite, Bos Stock.This RIRGS system is 22 km from the Blackjack deposit area within the contiguous 431 square kilometre, road accessible R ...

Intrusion Inc. (INTZ) recently launched the cutting-edge Intrusion Shield Command Hub. To empower MSPs and network administrators, the Command Hub centralizes the management of Intrusion’s flagship security solutions—Shield Endpoint, Shield OnPremise and Shield Cloud. With its intuitive interface, robust artificial intelligence (AI)-driven insights engine and powerful visualization tools, the Command Hub is poised to transform how organizations approach network security.The state-of-the-art solution is desi ...