Revenue Performance - Revenue for Q4 2024 was $1.7 million, an increase of 11% sequentially, driven by new customers including a contract with the U.S. Department of Defense[3] - Full year revenue for 2024 was $5.8 million, a $0.2 million increase compared to 2023[6] Profitability Metrics - Gross profit margin for Q4 2024 was 75%, down from 79% in Q4 2023[4] - Net loss for Q4 2024 was $(2.0) million, or $(0.36) per share, an improvement from a net loss of $(2.8) million, or $(1.80) per share, in Q4 2023[5] - Full year net loss for 2024 was $(7.8) million, or $(1.63) per share, compared to a loss of $(13.9) million, or $(11.45) per share, in 2023[8] Operating Expenses - Operating expenses for Q4 2024 were $3.2 million, flat sequentially and a decrease of $0.3 million year-over-year[4] Capital and Funding - The company raised $14.5 million in proceeds through capital transactions in Q4 2024 and early January 2025[9] - Cash and cash equivalents at December 31, 2024, were $4.9 million, with additional proceeds of $9.2 million from transactions completed after year-end[9] Product Development and Customer Growth - Introduced new products including Intrusion Shield Sentinel and Intrusion Shield Command Hub, enhancing the cybersecurity portfolio[8] - The company signed a total of 20 new Intrusion Shield logos during 2024, indicating growth in customer base[8]
Intrusion(INTZ) - 2024 Q4 - Annual Results