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Intrusion Q3 Loss Narrows on 31% Top-Line Growth, Meets Estimates
ZACKSยท 2025-11-12 13:56
Core Insights - Intrusion Inc. reported a third-quarter 2025 loss of 10 cents per share, an improvement from a loss of 35 cents per share a year ago, matching the Zacks Consensus Estimate [1] - Quarterly revenues reached $2 million, reflecting a 31% year-over-year increase, surpassing the Zacks Consensus Estimate of $1.9 million, driven by deal wins with the U.S. Department of Defense [2][8] - The company anticipates broad-based uptake of its Shield Endpoint product and has launched Intrusion Shield Cloud on the AWS Marketplace, which is expected to drive long-term growth [3] Revenue Breakdown - Consulting revenues for the third quarter were $1.5 million, up $0.1 million sequentially and $0.4 million year-over-year [4] - Shield revenues totaled $0.5 million, remaining flat sequentially but increasing by $0.1 million year-over-year, primarily due to work under the DoD contract [4] Financial Metrics - Gross margin remained stable at 77% year-over-year, influenced by varying product mixes [5] - Operating expenses increased to $3.6 million from $3.2 million in the prior-year quarter, with expectations of higher expenses due to investments in product development and sales [5] - Operating loss was $2.1 million, slightly higher than the $2 million loss in the prior-year quarter [5] Balance Sheet - As of September 30, 2025, total cash and cash equivalents were $2.5 million, down from $4.7 million as of June 30, 2025 [6]