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 ...

Sitka Drills 119.0 Metres of 1.05 g/t Gold, Including 37.9 Metres of 2.05 g/t Gold and 11.5 Metres of 4.32 g/t Gold in Initial Diamond Drilling at the Rhosgobel Intrusion at Its Flagship RC Gold Project in YukonNovember 25, 2024 8:30 AM EST | Source: Sitka Gold Corp.DDRCRG-24-001 returned 164.8 metres of 0.82 g/t gold starting 9 metres from surface, including 119.0 metres of 1.05 g/t gold, 37.9 metres of 2.05 g/t gold and 11.5 metres of 4.32 g/t gold in the first ever diamond drill hole at Rho ...

Financial Data and Key Metrics Changes - In Q3 2024, revenues were $1.5 million, reflecting a 3% sequential increase and a 2% year-over-year increase [19] - Shield revenue increased by 49% sequentially, driven by a new contract with the U.S. Department of Defense [14][20] - Gross profit margin was 77%, slightly up from 76% in Q2 2024 and down from 78% in Q3 2023 [21] - The net loss for Q3 2024 was $2.1 million, an improvement of $1.1 million from a loss of $3.2 million in Q3 2023 [25] Business Line Data and Key Metrics Changes - Shield revenues represented 30% of total revenues in Q3 2024 [21] - Consulting revenue totaled $1.1 million, a decrease of $0.1 million sequentially, remaining flat year-over-year [21] Market Data and Key Metrics Changes - Strong demand for products in the Philippines and the broader Asia Pacific region, with a growing pipeline of high-quality opportunities [8][9] - Near zero churn rate with Shield customers, indicating strong customer retention [7] Company Strategy and Development Direction - The company is focused on sustainable growth and profitability, with continued investment in R&D to enhance product capabilities [15][18] - Plans to replicate the success of the U.S. Department of Defense contract in other regions [32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving revenue goals for Q4 2024 and Q1 2025, driven by recent customer wins and a strong pipeline [17][18] - The cybersecurity market is expected to grow due to increasing challenges faced by organizations [10] Other Important Information - The company received a notice from NASDAQ regarding non-compliance with the $1 minimum bid price requirement, with 180 days to regain compliance [16] - The longest-serving Board member announced retirement, with a search for a replacement underway [12][13] Q&A Session Summary Question: When did the large Shield client exit? - Management confirmed that the last revenue from the initial Shield client was in the first quarter of the previous year, which will help revenue growth optics as it anniversaries [30] Question: What size are the new Shield logos? - Management noted that new clients vary in size, with increasing opportunities for larger deals due to a growing reputation in the Asia Pacific region [31] Question: Any impact from election results on government business? - Management does not expect significant impact from politics but acknowledges ongoing cybersecurity threats that create market opportunities [35] Question: Increased opportunities for election integrity solutions? - Management has received inquiries but no solid signed business yet, indicating ongoing concerns about election security [39] Question: Any read on CIOs' capital spending plans post-election? - Management stated it is too early to comment but will gather insights from upcoming industry events [41]

Core Insights - Intrusion Inc. reported a narrower loss of 35 cents per share in Q3 2024, compared to a loss of $2.78 per share a year ago, which was better than the Zacks Consensus Estimate of a loss of 42 cents [1] - The company's revenues for the quarter totaled $1.5 million, reflecting a year-over-year increase of 2.5% and a sequential increase of 3%, although it fell short of the Zacks Consensus Estimate of $2 million [2] - The company secured a $2 million contract from the U.S. Department of Defense, which is expected to bolster its financial performance in the upcoming quarters [3] Financial Performance - The gross profit margin for the quarter was 77%, slightly down from 78% in the prior-year quarter due to varying product mixes [4] - Total operating expenses decreased to $3.2 million from $3.8 million in the previous year, leading to an operating loss of $2 million, which is a 24% improvement year-over-year [5] - As of September 30, 2024, the company had total cash and cash equivalents of $1.1 million, down from $1.5 million as of June 30, 2024 [6] Market Reaction - Following the earnings release, Intrusion Inc.'s shares increased by 11.5%, closing at 82 cents on November 12, although the shares have declined by 92.2% over the past year [4]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 0-20191 INTRUSION INC. (Exact name of registrant as specified in its charter) Delaware 75-1911917 (State or other jurisdi ...

Intrusion Inc. (INTZ) came out with a quarterly loss of $0.35 per share versus the Zacks Consensus Estimate of a loss of $0.42. This compares to loss of $2.80 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this company would post a loss of $0.72 per share when it actually produced a loss of $0.53, delivering a surprise of 26.39%.Over the last four quarters, the company has surpassed ...

Exhibit 99.1 Intrusion Inc. Reports Third Quarter 2024 Results Improved Intrusion Shield customer penetration continues to enhance financial performance PLANO, Texas, November 12, 2024 (ACCESSWIRE) -- Intrusion Inc. (NASDAQ: INTZ), a leader in cyberattack prevention solutions, announced today financial results for the third quarter ended September 30, 2024. Recent Financial & Business Highlights: · Intrusion Shield revenue for the third quarter increased by 49% on a sequential basis. · Awarded a $2.0 millio ...

The latest trading session saw Intrusion Inc. (INTZ) ending at $0.69, denoting a -0.61% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 2.53% for the day. Meanwhile, the Dow gained 3.57%, and the Nasdaq, a tech-heavy index, added 2.95%.The company's stock has dropped by 21.85% in the past month, falling short of the Computer and Technology sector's gain of 1.29% and the S&P 500's gain of 0.66%.Market participants will be closely following the financial r ...

Intrusion Inc. (INTZ) closed at $0.74 in the latest trading session, marking a +0.93% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.03%. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq added 0.56%.Heading into today, shares of the company had lost 12.22% over the past month, lagging the Computer and Technology sector's gain of 1.65% and the S&P 500's gain of 1.39% in that time.The investment community will be paying close attention to the earnings perform ...