Intrusion Inc. (NASDAQ:INTZ) Business Update Conference Call October 9, 2024 4:15 PM ET Company Participants Josh Carroll - Investor Relations Tony Scott - President and Chief Executive Officer Kimberly Pinson - Chief Financial Officer Conference Call Participants Scott Buck - H.C. Wainwright Edward Woo - Ascendiant Capital Russell Cleveland - RENN Capital Walter Schenker - MAZ Partners Anthony Medina - Private Investor Operator Welcome to Intrusion Inc.'s Business Update Call and Webcast. At this time, all ...

Intrusion Inc. (NASDAQ:INTZ) Business Update Conference Call October 9, 2024 4:15 PM ET Company Participants Josh Carroll - Investor Relations Tony Scott - President and Chief Executive Officer Kimberly Pinson - Chief Financial Officer Conference Call Participants Scott Buck - H.C. Wainwright Edward Woo - Ascendiant Capital Russell Cleveland - RENN Capital Walter Schenker - MAZ Partners Anthony Medina - Private Investor Operator Welcome to Intrusion Inc.'s Business Update Call and Webcast. At this time, all ...

Sitka Gold Encounters Multiple Observations of Visible Gold in First Two Diamond Drill Holes Ever Completed at the Rhosgobel Intrusion at Its Flagship RC Gold Project in Yukon October 09, 2024 8:30 AM EDT | Source: Sitka Gold Corp. Multiple instances of visible gold observed in drill core from first diamond drill holes ever completed at the Rhosgobel reduced intrusion-related gold deposit target located 5 km south of the Blackjack gold deposit. Gold mineralization appears to extend at least 250 metres below ...

The most recent trading session ended with Intrusion Inc. (INTZ) standing at $0.87, reflecting no shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 0.9%. Meanwhile, the Dow experienced a rise of 0.81%, and the technology-dominated Nasdaq saw an increase of 1.22%. The the stock of company has fallen by 21.62% in the past month, lagging the Computer and Technology sector's gain of 5.76% and the S&P 500's gain of 3.15%. Market participants will be closely following ...

Intrusion Inc. (INTZ) announced that it has secured a $2 million contract with the U.S. Department of Defense (DoD) to fortify its cybersecurity measures. Over the next 12 months, the company will collaborate closely with DoD staff and commercial partners to achieve top-tier security and operational efficiency standards. As part of this new contract, the company will create a customized solution that combines Intrusion's products and intellectual property — specifically Intrusion Shield and TraceCop — with ...

For Immediate Release Chicago, IL – September 20, 2024 – Today, Zacks Equity Research discusses Cisco (CSCO) , NetScout Systems (NTCT) and Intrusion Inc (INTZ) . Industry: Computer Networking Link: https://www.zacks.com/commentary/2338556/keep-an-eye-on-these-3-networking-stocks-from-athriving-industry Increasing focus on cloud computing, network security, big data and cloud storage is expected to boost the Zacks Computer - Networking industry participants' performance amid the rapid proliferation of AI tec ...

Intrusion Inc. (INTZ) incurred a second-quarter 2024 loss of 53 cents per share compared with a loss of $2.92 a year ago. The figure was narrower than the Zacks Consensus Estimate of a loss of 72 cents. The quarter's revenues totaled $1.5 million, beating the Zacks Consensus Estimate by 16.8%. The top line decreased 0.5% year over year. However, total revenues rose 29% on a sequential basis. The sequential top-line growth during the second quarter was primarily driven by the addition of a government contrac ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $1.5 million, representing a sequential increase of 29% [10][11] - Consulting revenue totaled $1.2 million, an increase of $0.5 million sequentially and $0.1 million year-over-year [13] - Shield revenue for Q2 2024 was $0.3 million, down $0.1 million sequentially and year-over-year [14] - Gross profit margin was 76% for Q2 2024, compared to 80% in Q1 2024 and 78% in Q2 2023 [15] - Operating expenses totaled $3.1 million, a decrease of $0.2 million sequentially and $0.9 million year-over-year [16] - Net loss from operating activities was $2 million, an 18% improvement over Q1 2024 and a 30% improvement year-over-year [17] - Cash and cash equivalents were $1.5 million as of June 30, 2024 [18] Business Line Data and Key Metrics Changes - The company signed five new logos in Q2 2024, bringing the total to 14 year-to-date [5] - The recent government contracts contributed positively to both Shield and consulting revenue [6][11] - Consulting revenue growth was driven by the approval of the federal budget, allowing new contract awards [13] Market Data and Key Metrics Changes - Strong momentum was observed in the Philippines, with multiple contracts signed, including for national election cybersecurity [7] - The company opened a wholly-owned subsidiary in the Philippines to better serve its expanding customer base [7] Company Strategy and Development Direction - The company is focusing on positioning itself for growth after overcoming previous challenges [4] - The go-to-market strategy includes selling products through managed service providers and traditional reseller channels, with positive growth reported [8] - The company is investing in product development to enhance capabilities and address emerging cybersecurity challenges [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the early stages of growth and the potential for improved financial results in the coming quarters [4][20] - The company is confident in its pipeline for new logos and current contract expansions, anticipating a ramp in revenue [20] Other Important Information - The company successfully closed a private offering in April, resulting in net proceeds of $2.6 million [12] - A Standby Equity Purchase Agreement (SEPA) was entered into with Streeterville Capital to sell $10 million of common stock, pending shareholder approval [13][19] Q&A Session Summary Question: Where is the strength in the pipeline and any low-hanging fruit for Shield? - Management noted ongoing investments in new capabilities and identified new opportunities in both government and other sectors [22][23] Question: Date for the annual meeting and capital utilization from the potential Streeterville capital raise? - The annual meeting is scheduled for August 27, and proceeds will be used for general corporate purposes and product development [24][25] Question: Comfort level with operating expenses and potential for better operating leverage? - Management expressed comfort with current operating expenses and the potential for leveraging them as revenue grows [26] Question: How many of the new logos are in the Philippines? - Approximately half of the new logos are in the Philippines, with three contracts announced in the region [28] Question: Revenue ramp from contracts in the Philippines? - Revenue from the election contract is expected to begin in Q3 [29] Question: Metrics for significant government contracts? - Management indicated that recurring revenue is the key metric for Shield, with consulting contracts acting similarly to recurring revenue [31] Question: Lengthening of sales cycles? - Sales cycles have lengthened due to the complexity of the cybersecurity space, not necessarily due to competition or the economy [34][35]

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 June 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 jurisdiction ...

Intrusion Inc. (INTZ) came out with a quarterly loss of $0.53 per share versus the Zacks Consensus Estimate of a loss of $0.72. This compares to loss of $3 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 26.39%. A quarter ago, it was expected that this company would post a loss of $1.39 per share when it actually produced a loss of $0.94, delivering a surprise of 32.37%. Over the last four quarters, the company has surpassed ...