Intrusion(INTZ)

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Intrusion(INTZ) - 2019 Q2 - Quarterly Report
2019-08-13 19:59
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 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. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Del ...
Intrusion(INTZ) - 2019 Q2 - Earnings Call Transcript
2019-08-13 00:45
Financial Data and Key Metrics Changes - Revenue for Q2 2019 was $4 million, an increase from $3.2 million in Q1 2019 and $2.4 million in Q2 2018 [7][9] - Net income reached $1.8 million, up from $947,000 in Q1 2019 and $474,000 in Q2 2018 [7][11] - Gross profit margin was 60%, consistent with Q1 2019 and slightly down from 61% in Q2 2018 [9] Business Line Data and Key Metrics Changes - The company booked $2.9 million in renewals during Q2 2019, indicating a stable base business with some growth [14] - Sales and marketing expenses were reduced to $0.7 million in Q2 2019 from $0.9 million in the same quarter of 2018, benefiting from a reimbursement of prior expenses [10][11] Market Data and Key Metrics Changes - The company anticipates a pattern of slow bookings in Q3, with an expected uptick in renewals in Q4 2019 [14] - The company is pursuing several large orders that are expected to contribute to growth in the future [19] Company Strategy and Development Direction - The company is focusing on expanding its customer base and pursuing larger projects, with 14 new prospects currently in the pipeline [16][18] - Management is prioritizing hiring senior-level staff to enhance capabilities and support growth [49][58] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability of the current business and the potential for growth from new and renewing contracts [19] - The company is optimistic about the upcoming renewals of large orders from 2018, which are expected to contribute to revenue in Q4 2019 [19] Other Important Information - The company noted that operating expenses are expected to return to traditional levels in Q3 2019 after a reduction in Q2 [10][11] - Management highlighted the importance of maintaining customer satisfaction while pursuing larger opportunities [18] Q&A Session Summary Question: What should be expected for new orders in Q3 and Q4? - Management indicated that Q3 will primarily consist of renewals, with larger orders expected in 2020 [21][22] Question: Status of new customer orders mentioned in previous calls? - There is one order still awaiting confirmation, which is expected to grow into a larger contract next year [25] Question: Current status of potential large orders for Savant? - Management confirmed that discussions are ongoing, with some orders potentially moving to 2020 [26][28] Question: Need for hiring higher caliber staff? - Management acknowledged the need to hire senior-level staff and is actively pursuing candidates [49][50] Question: Status of partnerships for expanding Savant's market reach? - Management is in discussions with potential partners but noted that interest typically arises after demonstrating successful deployments [53][55] Question: Clarification on the financial performance of the quarter? - Management confirmed that the quarter's performance was strong, with no atypical factors affecting profitability [57][58] Question: Will there be more frequent communications regarding significant contracts? - Management expressed a commitment to communicate more frequently about material developments as they arise [82][85]
Intrusion(INTZ) - 2019 Q1 - Quarterly Report
2019-05-14 17:15
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 March 31, 2019 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1101 East Arapaho Road, Suite 200, Richardson, Texas 75081 (Address of principal executive offices) (Zip Code) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE A ...
Intrusion(INTZ) - 2019 Q1 - Earnings Call Transcript
2019-05-14 02:53
Intrusion Inc. (NASDAQ:INTZ) Q1 2019 Earnings Conference Call May 13, 2019 5:00 PM ET Company Participants Michael Paxton - CFO Ward Paxton - CEO Joe Head - Co-Founder and VP Conference Call Participants Howard Brous - Wunderlich Securities Walter Schenker - MAZ Capital Advisors Operator Good afternoon. My name is Julian and I will be your conference operator today. At this time I would like to welcome everyone to the Intrusion Incorporated First Quarter 2019 Financial Results Conference Call. All lines hav ...
Intrusion(INTZ) - 2018 Q4 - Annual Report
2019-03-28 18:53
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, 2018 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 of incorpo ...
Intrusion(INTZ) - 2018 Q4 - Earnings Call Transcript
2019-02-12 00:47
Intrusion, Inc. (NASDAQ:INTZ) Q4 2018 Earnings Conference Call February 11, 2019 5:00 PM ET Company Participants Ward Paxton – Chairman, Co-Founder, President, and Chief Executive Officer Mike Paxton – Chief Financial Officer Joe Head – Senior Vice President and Co-Founder Conference Call Participants Howard Brous – Wunderlich Securities Walter Schenker – MAZ Capital Advisors Operator Good afternoon. My name is Sarah and I will be your conference operator today. At this time, I would like to welcome everyon ...