Intrusion (NASDAQ:INTZ – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03), FiscalAI reports. Intrusion had a negative net margin of 169.48% and a negative return on equity of 129.84%. The firm had revenue of $1.45 million during the quarter, compared to analysts’ expectations of $1.50 million.
Here are the key takeaways from Intrusion’s conference call:
- Second-quarter revenue rose 64% sequentially to $1.5 million, helped by the Texas contract, but remained down 22% year over year because of delayed Department of Defense funding.
- The timing of the DOD contract extension remains uncertain, while cash and equivalents were only $0.2 million at quarter-end. Intrusion raised $3.3 million through note financing and expects to pursue additional public or private capital, including its ATM program.
- The VigilAigent acquisition added approximately $3.5 million of annual recurring revenue, more than $350,000 in annualized new business and renewals, potential MSP partnerships, and identified over $3 million in annualized cost synergies.
- Intrusion began recognizing revenue from a $4 million annual Texas contract and is pursuing similar opportunities in other states. Management also expects the PortNexus public-safety channel to begin contributing meaningful revenue in 2027.
- Management said it is targeting a transition to profitability in 2027, with an internal goal of reaching cash-flow positivity as early as the first quarter, although it did not provide a firm quarterly commitment.
Intrusion Trading Up 7.9%
Shares of NASDAQ INTZ traded up $0.06 during mid-day trading on Tuesday, reaching $0.82. The company had a trading volume of 295,405 shares, compared to its average volume of 909,493. The firm has a 50 day simple moving average of $0.79 and a two-hundred day simple moving average of $0.88. Intrusion has a 52-week low of $0.66 and a 52-week high of $2.27. The stock has a market cap of $18.62 million, a P/E ratio of -1.57 and a beta of -1.57.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on INTZ
Hedge Funds Weigh In On Intrusion
Several large investors have recently bought and sold shares of INTZ. Virtu Financial LLC acquired a new stake in shares of Intrusion during the fourth quarter worth about $31,000. Millennium Management LLC acquired a new stake in shares of Intrusion in the 3rd quarter valued at about $34,000. XTX Topco Ltd acquired a new stake in shares of Intrusion in the 4th quarter valued at about $35,000. Jane Street Group LLC purchased a new position in Intrusion during the 4th quarter worth approximately $51,000. Finally, State Street Corp grew its stake in Intrusion by 11.6% during the 4th quarter. State Street Corp now owns 102,765 shares of the company’s stock worth $118,000 after buying an additional 10,700 shares during the last quarter. Institutional investors and hedge funds own 19.43% of the company’s stock.
About Intrusion
Intrusion Inc, a cybersecurity company in the United States. The company offers its customers access to threat intelligence database, which contains the historical data, known associations, and reputational behavior of Internet Protocol addresses. It offers INTRUSION Shield, a zero trust reputation-based Software as a Service solution that inspects and kills dangerous network connections. The company also provides INTRUSION TraceCop, a big data tool that contains an inventory of network selectors and enrichments to support forensic investigations; and INTRUSION Savant, a network monitoring solution that uses the data available in TraceCop to identify suspicious traffic in real-time.
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