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.
FAQ
What is the current stock price of Intrusion New (INTZ)?
What is the market cap of Intrusion New (INTZ)?
What is Intrusion Inc.?
What products does Intrusion Inc. offer?
Who are Intrusion Inc.'s clients?
What recent achievements has Intrusion Inc. made?
What is Intrusion Shield?
How is Intrusion Inc. performing financially?
What is the significance of the strategic investment in Klever AI?
How does the reverse stock split affect shareholders?
What are the financial benefits of Intrusion's recent private offerings?
What is the company's plan for future growth?
