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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) announced the commercial launch of its new Intrusion Shield Cloud and Shield Endpoint products, enhancing its Shield solutions portfolio. The Shield Cloud extends its Global Threat Engine to IaaS, PaaS, SaaS, and serverless resources, offering Zero Trust access and protection for virtual hosts. The Shield Endpoint secures remote workers and devices, implementing a Zero Trust framework for both internal and external connections. CEO Tony Scott highlighted the increasing customer demand for these advanced cybersecurity solutions, supporting the company's strategic growth in the hybrid and cloud markets.
Intrusion, Inc. (NASDAQ:INTZ) has partnered with OneSmartLaboratory to implement Intrusion Shield for securing Intelligent Laboratory Automation (ILA) operations. This solution protects medical lab connectivity from cyber threats, ensuring compliance with HIPAA regulations. CEO Tony Scott emphasized the rising ransomware threats targeting medical labs, making this partnership crucial for protecting patient data and operational integrity. OneSmartLaboratory's CTO applauded Intrusion's AI-driven cybersecurity capabilities, reaffirming the latter's role as a key provider for ILA cybersecurity.
Intrusion Inc. (NASDAQ:INTZ) reported second-quarter financial results for fiscal year 2022, achieving revenue of $2.1 million, a 12% sequential increase and 5% year-over-year. The newly launched Intrusion Shield product saw a remarkable 69% sequential and 139% year-over-year revenue increase, constituting 16% of total sales. The company improved its financial position by closing an additional $5.4 million in unsecured notes. Despite a net loss of $4.1 million or ($0.21) per share, this marks a reduction from the previous year's loss of ($0.28) per share.
INTRUSION Inc. (NASDAQ:INTZ) will announce its second quarter financial results for fiscal 2022 on August 4, 2022, after market close. The conference call, hosted by CEO Tony Scott and CFO Kimberly Pinson, is scheduled for 5:00 p.m. EDT. Interested parties can join the call via the conference number provided or access it through the investor relations website. The company emphasizes its innovative Intrusion Shield product, which enhances cybersecurity for businesses by blocking malicious connections.
Intrusion, Inc. (NASDAQ:INTZ) has appointed Kim Pinson as Chief Financial Officer, effective June 27, 2022. With over 25 years of experience in finance across various sectors, including technology and healthcare, she was previously CFO at NetFortris and EndoStim. CEO Tony Scott expressed confidence in her ability to aid in strategic planning and capital raising efforts. Ms. Pinson aims to drive transformation and capitalize on opportunities in the growing cybersecurity market, leveraging Intrusion's unique threat intelligence database and Intrusion Shield product.
Intrusion, Inc. (NASDAQ:INTZ) has announced a significant multi-year reseller agreement with InnerCore Technologies to provide its cybersecurity solution, Intrusion Shield, to a major hospitality company. This partnership will generate annual recurring revenue for Intrusion until at least 2025. The Intrusion Shield solution is designed to combat evolving cybersecurity threats in the hospitality sector, enhancing network security and customer experience. The collaboration highlights the accuracy and effectiveness of Intrusion Shield in preventing cyberattacks, establishing a strong foothold in the industry.
Intrusion Inc. (NASDAQ:INTZ) announced the resignation of Chief Financial Officer, Franklin Byrd, effective May 30, 2022. The decision was not due to disagreements on strategy or financial irregularities. Byrd will assist the company during the transition period. CEO Tony Scott praised Byrd for his contributions in enhancing management and financial discipline. Intrusion specializes in cybersecurity solutions, notably offering Intrusion Shield, which employs a Zero Trust approach to protect networks from cyber threats, including Zero-Day and ransomware attacks.
Intrusion Inc. (NASDAQ:INTZ) reported its first-quarter results for fiscal 2022, with revenue of $1.8 million, consistent with the previous year. The company's INTRUSION Shield product revenue increased by 7% sequentially, accounting for 12% of overall revenue. Operating expenses were stable at $5.2 million, but the net loss widened to $4.1 million or ($0.21) per share. Cash reserves stood at $6.1 million. New product developments are on track for demo in Q2, aiming for full deployment in the latter half of 2022.
INTRUSION Inc. (NASDAQ:INTZ), a cybersecurity leader, is set to announce its first quarter fiscal year 2022 financial results on May 12, 2022, after market close. A conference call led by CEO Tony Scott and CFO Franklin Byrd will take place at 5:00 p.m. EDT to discuss these results. Interested parties can access the call via teleconference or through the company’s investor relations website. INTRUSION specializes in cyberattack prevention solutions, leveraging a unique threat intelligence database.
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