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]
Intrusion(INTZ) - 2023 Q4 - Annual Results