SEC Charges Intercontinental Exchange and Nine Affiliates Including the New York Stock Exchange with Failing to Inform the Commission of a Cyber Intrusion The SEC's investigation was conducted by Benjamin D. Brutlag and Lory C. Stone under the supervision of Melissa Hodgman and Carolyn M. Welshhans. The team was assisted by Heidi Pilpel and David Liu of the SEC's Division of Trading and Markets and by the Technology Controls Program of the SEC's Division of Examinations. According to the SEC's order, in Apr ...

Revenue and Profitability - Revenue for the three-month period ended March 31, 2024, was $1.1 million, a decrease of 13.6% compared to $1.3 million for the same period in 2023[82] - Gross profit was $0.9 million, representing 80.0% of revenues for the quarter ended March 31, 2024, compared to $1.0 million or 76.1% of revenues for the same period in 2023[84] - Net loss for the quarter ended March 31, 2024, was $1.7 million, a significant improvement of 63.8% compared to a net loss of $4.7 million for the same period in 2023[82] - The company reported a net loss of $1.7 million for the quarter ended March 31, 2024, compared to a net loss of $4.7 million in the same quarter of 2023[102] Operating Expenses - Operating expenses totaled $3.4 million for the quarter ended March 31, 2024, a 33.0% decrease from $5.0 million for the same period in 2023[85] - Research and development expenses decreased to $1.0 million for the quarter ended March 31, 2024, down from $1.8 million in the same period in 2023[88] Cash Flow and Liquidity - Cash and cash equivalents as of March 31, 2024, were $0.1 million, with a working capital deficit of $(4.7) million[93] - The company raised $5.7 million in net proceeds through common stock issuance after March 31, 2024, improving liquidity[81] - Net cash used in operating activities for the quarter ended March 31, 2024, was $1.1 million, an improvement from $2.3 million in the same period of 2023[101] - The company’s cash and cash equivalents decreased by $17 thousand during the quarter, a significant improvement from a decrease of $2.6 million in the same period of 2023[101] Financing Activities - Net cash provided by financing activities for the three months ended March 31, 2024, was $1.5 million, a significant increase from $0.0 million in the same period of 2023, driven by proceeds from note issuances and public offerings[105] - The company made $200 thousand in principal payments on a note during the March 2024 quarter, reducing the outstanding balance to $0.9 million[97] - A second note payable of $343 thousand was purchased by the CEO, with a principal reduction of $101 thousand reflecting the exercise of stock purchase warrants[98] - The total outstanding balance of $1.1 million for both notes was converted into common stock and warrants on April 19, 2024[99] Sales and Market Performance - INTRUSION Shield revenues were $0.4 million for the three-month period ended March 31, 2024, compared to $0.3 million for the same period in 2023, indicating growth in sales[82] - Sales to U.S. government entities accounted for 58.6% of total revenues for the quarter ended March 31, 2024, compared to 48.4% for the same period in 2023[83] Accounting and Estimates - The company continues to evaluate its critical accounting policies and estimates, with no significant changes reported since the last annual filing[107] - Changes in working capital contributed to the reduction in net cash used in operations, primarily through reductions in prepaid expenses[102]

Recent Financial & Business Highlights: First Quarter Financial Results Revenue for the first quarter of 2024 was $1.1 million, a decrease of $0.2 million on both a sequential and year-over-year basis. The decline in revenue during the first quarter of 2024 was driven by a decrease in consulting revenue that was mainly associated with the federal budget not being approved until the end of the first quarter, which hindered the timing of new contract awards. The gross profit margin was 80% for the first quart ...

In the latest market close, Intrusion Inc. (INTZ) reached $1.71, with a -1.72% movement compared to the previous day. This change lagged the S&P 500's 0.34% loss on the day. Elsewhere, the Dow saw an upswing of 0.23%, while the tech-heavy Nasdaq depreciated by 0.33%.The the stock of company has fallen by 54.09% in the past month, lagging the Computer and Technology sector's loss of 4.23% and the S&P 500's loss of 4.05%.The investment community will be closely monitoring the performance of Intrusion Inc. in ...

Intrusion Inc. (INTZ) recently announced the acquisition of a minority stake in Klever AI. The investment, executed through an all-stock transaction, is set to enhance INTZ’s capabilities in cyber threat mitigation and augment its market footprint.Headquartered in Houston, TX, Klever AI is a modern artificial intelligence (AI)-based company that accelerates business transformation and tech adoption within enterprises through the implementation of cutting-edge AI and machine learning (ML) solutions. It has a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 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 001-39608 INTRUSION INC. (Exact name of registrant as specified in its charter) DELAWARE 75-1911917 (State or other jur ...

Revenue Performance - Revenue for Q4 2023 was $1.4 million, a decrease of 7% sequentially and 5% year-over-year[3] - Full year 2023 revenue was $5.6 million, down $1.9 million compared to 2022[5] Profitability - Gross profit margin improved to 79% in Q4 2023, up from 63% in Q4 2022[4] - Full year gross profit margin was 78% in 2023, compared to 55% in 2022[6] Operating Expenses - Operating expenses for the full year 2023 decreased to $16.4 million from $20.5 million in 2022[7] Net Loss - Net loss for Q4 2023 was $(2.8) million, or $(0.09) per share, compared to a loss of $(5.2) million, or $(0.25) per share in Q4 2022[4] - Net loss for the full year 2023 was $(13.9) million, or $(0.57) per share, compared to a loss of $(16.2) million, or $(0.82) per share in 2022[7] Cash Position - Cash and cash equivalents as of December 31, 2023, were $0.1 million, down from $3.0 million a year earlier[8] Customer Acquisition and Expansion - The company added seven new customers for its Shield products in Q4 2023, including a $5 million multi-year contract[9] - The company announced the expansion of Intrusion Shield SaaS services in the Philippines[9]

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, 2023 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 001-39608 INTRUSION INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpora ...

Intrusion Inc. (NASDAQ:INTZ) Q2 2023 Earnings Conference Call August 14, 2023 5:00 PM ET Company Participants Josh Carroll - Investor Relations Tony Scott - Chief Executive Officer Kimberly Pinson - Chief Financial Officer Conference Call Participants Aaron Warwick - Breakout Investors Zach Cummins - B. Riley Securities Ed Woo - Ascendiant Capital Scott Buck - H.C. Wainwright Ross Taylor - ARS Investment Partners Operator Welcome to Intrusion’s Inc. Second Quarter 2023 Earnings Conference Call and Webcast. ...

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, 2023 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 001-39608 INTRUSION INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...