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, 2022 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 ...

Intrusion Inc. (NASDAQ:INTZ) Q4 2022 Earnings Call Transcript March 6, 2023 5:00 PM ET Company Participants Sam Cohen - Alpha Investor Relations Tony Scott - Chief Executive Officer Kimberly Pinson - Chief Financial Officer Conference Call Participants Scott Buck - H.C. Wainwright Zach Cummins - B. Riley Securities Ed Woo - Ascendiant Capital Aaron Warwick - Breakout Investors Operator Welcome to Intrusion Inc.’s Fourth Quarter and Full Year 2022 Earnings Conference Call and Webcast. At this time, all parti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 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 juris ...

Intrusion, Inc. (NASDAQ:INTZ) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants Sam Cohen - Alpha Investor Relations Anthony Scott - President, CEO & Director Kimberly Pinson - CFO Conference Call Participants Zachary Cummins - B. Riley Securities Scott Buck - H.C. Wainwright & Co. Ed Woo - Ascendiant Capital Porter Taylor - ARS Investment Partners Aaron Warwick - ES Capital Operator We would like to welcome you to Intrusion Incorporated Third Quarter 2022 Earnings Conferenc ...

Intrusion Inc. (NASDAQ:INTZ) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Sam Cohen – Alpha Investor Relations Tony Scott – Chief Executive Officer Kimberly Pinson – Chief Financial Officer Conference Call Participants Ed Woo – Ascendiant Zach Cummins – B. Riley Scott Buck – H.C. Wainwright Ross Taylor – ARS Investments Operator Please standby we're about to begin. Good afternoon, ladies and gentlemen, and welcome to the Intrusion Q2 2022 Financial Results Conference Call. ...

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, 2022 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 ...

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 March 31, 2022 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) (State or other jurisdiction of incorporation o ...

Intrusion Inc. (NASDAQ:INTZ) Q1 2022 Earnings Conference Call May 12, 2022 5:00 PM ET Company Participants Sam Cohen - Investor Relations Tony Scott - Chief Executive Officer Franklin Byrd - Chief Financial Officer Conference Call Participants Zach Cummins - B. Riley Securities Ed Woo - Ascendiant Capital Operator Please standby, we’re about to begin. Welcome to the Intrusion Inc. First Quarter 2022 Earnings Conference Call and Webcast. At this time, all participant lines are in a listen-only mode. For thos ...

Revenue and Profitability - Total revenue increased by 9.9% to $7.3 million in 2021 from $6.6 million in 2020, driven by $0.6 million in revenues from the INTRUSION Shield product line [110]. - Gross profit rose 19.0% to $4.7 million in 2021, with gross profit margin increasing from 59.1% in 2020 to 63.9% in 2021 [114]. - Revenues from U.S. government entities totaled $5.2 million, or 71.3% of total revenues in 2021, down from $5.7 million or 86.3% in 2020 [113]. Expenses - Sales and marketing expenses surged to $11.9 million, representing 164.0% of net revenue in 2021, compared to $3.8 million or 57.7% in 2020 [115]. - Research and development expenses increased to $6.3 million, accounting for 87.0% of net revenue in 2021, up from $3.8 million or 57.4% in 2020 [117]. - General and administrative expenses rose to $5.9 million, or 81.0% of revenue in 2021, compared to $2.8 million or 42.5% in 2020 [118]. Net Loss and Financial Position - A net loss of $18.8 million was reported for 2021, compared to a net loss of $6.5 million in 2020, reflecting a significant increase in operating loss [109]. - Net cash used in operating activities for the year ended December 31, 2021, was $16.6 million, compared to $5.2 million in 2020, primarily due to a net loss of $18.8 million in 2021 [125][126]. - As of December 31, 2021, cash and cash equivalents were $4.1 million, down from approximately $16.7 million in 2020, with working capital of $2.1 million compared to $16.2 million in 2020 [132]. Financing Activities - The company raised approximately $5.5 million through an at-the-market stock issuance program initiated in August 2021 [106]. - Net cash provided by financing activities was $5.1 million in 2021, primarily from net proceeds of $5.6 million from an at-the-market program [130]. - The company entered into a securities purchase agreement for the issuance of convertible notes totaling $5.35 million, with proceeds intended for general corporate purposes [135]. - The convertible notes carry an interest rate of 7% per annum and have a maturity date of 18 months from issuance [137]. Product Development and Revenue Recognition - INTRUSION Shield, the company's new product, is offered on a subscription basis, with revenue recognized monthly over the contract term [147][151]. - The company reported a $383 thousand increase in deferred revenue due to cash advances from customers for the INTRUSION Shield product [125]. Future Outlook and Funding Needs - The company anticipates needing to raise additional funds through public or private financings to continue operations beyond March 2023 [140]. - The company maintains allowances for doubtful accounts to estimate losses from customers' inability to make payments, expecting to continue this policy in the future [152]. Fair Value Estimates - The estimated fair value of accounts receivable, accounts payable, and accrued expenses approximates their carrying amounts due to their relatively short maturity [153]. - Financing leases and PPP loans approximate fair value as they bear market rates of interest [153].

Intrusion Inc. (NASDAQ:INTZ) Q4 2021 Results Conference Call March 17, 2022 5:00 PM ET Company Participants Tony Scott - CEO Franklin Byrd - CFO Conference Call Participants Zach Cummins - B. Riley Securities Scott Buck - H.C. Wainwright Russell Cleveland - RENN Capital Walter Schenker - MAZ Partners Ross Taylor - ARS Partners David Freund - Alpha IR Group Ed Woo - Ascendiant Capital Operator Ladies and gentlemen, thank you for standing by, and welcome to the Intrusion Inc. Fourth Quarter and Full Year 2021 ...