Welcome to our dedicated page for Intrusion New news (Ticker: INTZ), a resource for investors and traders seeking the latest updates and insights on Intrusion New stock.
Intrusion Inc., based in Plano, Texas, is a prominent cybersecurity company known for its innovative threat detection and prevention technologies. The company focuses on developing, marketing, and supporting a suite of products aimed at identifying and mitigating cyber threats. Intrusion's core offerings include TraceCop for identity discovery, Savant for network data mining, and Compliance Commander for data privacy protection.
Intrusion serves a diverse clientele, from financial institutions and government entities to healthcare providers. In 2021, the company launched its first commercial product, Intrusion Shield, which offers a Zero Trust, reputation-based security solution that integrates seamlessly into existing infrastructures. This product is designed to observe traffic flow and block malicious connections, thereby safeguarding against Zero-Day and ransomware attacks.
Recent achievements include a 1-for-20 reverse stock split and an exchange agreement with Streeterville Capital to manage senior debt, both aimed at maintaining compliance with Nasdaq listing requirements. Furthermore, Intrusion's financial results for Q4 2023 and full year indicate a strategic focus on reducing operational costs and increasing gross profit margins, despite a decrease in revenue primarily due to federal budget issues.
Intrusion's latest collaborations include a strategic investment in Houston-based AI company Klever AI, enhancing Intrusion Shield's capabilities and market reach. Additionally, the company secured a significant contract with the Philippines' Commission on Elections to provide cybersecurity services for the 2025 midterm elections, demonstrating its expanding global footprint and expertise in protecting critical infrastructure.
Intrusion continues to strengthen its financial position through private offerings, raising substantial funds to support working capital and corporate needs. The company's proactive approach to financial management aims to propel growth and sustain its leadership in the cybersecurity market.
Intrusion Inc. (NASDAQ:INTZ) has launched Shield Sentinel, a high-performance network monitoring appliance designed for large enterprises and carriers. The solution offers full Lambda monitoring of fiber trunks at speeds up to 100 Gbps bidirectional, comprehensive DNS monitoring, and advanced forensic analysis capabilities.
The platform features continuous DNS and traffic flow logging, detailed PCAP capture, and protocol decoding, with data output in CSV format for seamless integration into existing security operations. Shield Sentinel has already been successfully deployed through a recently signed customer contract.
The solution aims to enhance threat hunting, streamline compliance, and strengthen network defense by providing extensive historical data logging and comprehensive traffic monitoring capabilities.
Intrusion Inc. (NASDAQ:INTZ) has launched the Shield Command Hub, a centralized platform for managing Shield products including Endpoint, OnPremise, and Cloud solutions. The hub's key feature is an AI-driven insights engine that analyzes network activity and provides prioritized actionable items. The platform offers comprehensive network monitoring, threat detection, and visualization tools suitable for both expert and novice users.
The Command Hub features real-time threat reporting, geographic threat mapping, high-risk category analysis, and domain tracking. It presents data through interactive maps, graphs, and charts, allowing customization by time intervals, device types, and users. The AI engine provides multiple abstraction layers for visibility from individual devices to customer-wide summaries.
Intrusion Inc. (NASDAQ:INTZ) reported Q3 2024 financial results, highlighting a 49% sequential increase in Intrusion Shield revenue. The company secured a $2.0 million contract with the U.S. Department of Defense for cybersecurity services. Total revenue reached $1.5 million, up 3% sequentially. The company maintained a 77% gross profit margin and reduced its net loss to $(2.1) million, or $(0.35) per share, compared to $(3.2) million in Q3 2023. Intrusion signed 7 new Shield logos during Q3, bringing the year-to-date total to 18, with zero customer churn. Cash and cash equivalents stood at $1.1 million as of September 30, 2024.
Intrusion Inc. (NASDAQ:INTZ) announced that James F. Gero will retire from its Board of Directors effective November 20, 2024. Gero, who served on the board since October 2003, was Chairman of the Compensation Committee and a member of the Audit Committee. As the company's longest-serving Director over a 21-year tenure, he played a important role in navigating complex challenges. Following his retirement, the board size will reduce from six to five members until a replacement is identified. The company has initiated a search for qualified candidates to fill the position.
Intrusion Inc. (NASDAQ:INTZ), a cyberattack prevention solutions provider, will release its third quarter 2024 financial results on Tuesday, November 12, 2024, after market close. CEO Tony Scott and CFO Kimberly Pinson will host a conference call at 5:00 p.m. Eastern Time to discuss the results. A telephone replay will be available through November 26, 2024.
Intrusion Inc. (NASDAQ:INTZ), a leader in cyberattack prevention solutions, has announced a business update call scheduled for October 9, 2024, at 4:15 p.m. Eastern Daylight Time. The call will provide a corporate update on Intrusion's continued customer traction, recent business activities, and review the Company's preliminary revenue results for the third quarter ended September 30, 2024.
CEO Tony Scott and CFO Kimberly Pinson will be participating in the call. Analysts and investors can join via teleconference using the following details:
- United States (Toll-Free): +1-888-506-0062
- International: +1-973-528-0011
- Access Code: 147785
A webcast registration link is also provided. A telephone replay will be available until October 23, 2024, accessible by dialing +1-877-481-4010 (US) or +1-919-882-2331 (International) with passcode 51394.
Intrusion Inc. (NASDAQ:INTZ), a leader in cyberattack prevention solutions, has secured a $2.0 million contract with the U.S. Department of Defense (DoD) for cybersecurity services. The contract, facilitated through a prime contractor, will involve delivering a tailored solution based on Intrusion's products and intellectual property, including Intrusion Shield and TraceCop, along with consulting services.
The scope of work includes high-speed metadata extraction, contextual flow enrichment, advanced threat analytics, and continuous network monitoring. The contract has a 12-month performance period and will begin contributing to earnings results in the third quarter of 2024. This agreement reinforces Intrusion's position in the defense sector's cybersecurity space and demonstrates the increasing acceptance of Intrusion Shield by the government sector.
Intrusion Inc. (NASDAQ:INTZ) reported its Q2 2024 financial results, highlighting a 29% sequential revenue increase to $1.5 million and an 18% improvement in operating loss. The company secured a new government contract for Intrusion Shield technology and consulting services, contributing to revenue growth. Gross profit margin stood at 76%, while operating expenses decreased by $0.2 million sequentially. The net loss improved to $(2.1) million, or $(0.53) per share, compared to $(3.1) million, or $(2.92) per share in Q2 2023.
Intrusion completed two financing efforts, raising $3.2 million through a private placement and warrant inducement offering. The company appointed Dion Hinchcliffe to its Board of Directors and remains focused on driving sales volume and improving financial flexibility.
Intrusion Inc. (NASDAQ:INTZ), a leader in cyberattack prevention solutions, has announced its participation in the upcoming Sidoti Micro Cap Conference on August 14 and 15, 2024. The company's CEO, Tony Scott, and CFO, Kimberly Pinson, will be representing Intrusion at the event. Key highlights include:
1. A presentation by management scheduled for August 14 at 2:30 p.m. EDT
2. Investor meetings to be held throughout both days of the conference
3. A live webcast of the presentation will be available in the 'Events' section of Intrusion's investor relations website
This participation provides an opportunity for Intrusion to showcase its cybersecurity solutions and engage with potential investors in the micro-cap space.
Intrusion Inc. (NASDAQ:INTZ), a cyberattack prevention solutions leader, has announced it will release its second quarter 2024 financial results on Tuesday, August 13, 2024, after market close. The company will host a conference call at 5:00 p.m. EDT to discuss the results, led by CEO Tony Scott and CFO Kimberly Pinson. The call will be broadcast live on the investor relations website in listen-only mode. Analysts and investors can join via teleconference using the provided dial-in information. A telephone replay will be available until August 27, 2024, accessible through specific replay numbers and passcode.
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