Intrusion Inc New - INTZ STOCK NEWS

INTRUSION (Nasdaq: INTZ) announces positive recognition for its INTRUSION Shield cybersecurity solution from three experts in the industry. Frank Oelschlager noted that Shield delivers on key claims, while Tony Bradley emphasized its ability to enhance security posture by shifting towards a Zero-Trust model. Charles Kolodgy highlighted its unique bidirectional approach, ensuring only trusted connections. These assessments reinforce the product's effectiveness against cyberattacks, particularly zero-day threats, aligning with growing market focus on advanced cybersecurity.

INTRUSION, Inc. (NASDAQ: INTZ) has announced that Lippert Components has accelerated the deployment of its INTRUSION Shield cyber-attack prevention solution. This decision comes as companies face increasing numbers of cyberattacks stemming from zero-day and malware-free exploits. Shield's innovative approach, which utilizes historical IP behavior instead of traditional signature-based methods, has proven effective in initial tests, prompting Lippert to enhance its rollout. Both Lippert's and INTRUSION's leadership emphasize the critical need for enhanced cybersecurity measures in today's landscape.

At GSX 2021 in Orlando, INTRUSION's Chief Evangelist Gary Davis delivered a keynote on leveraging the Zero Trust model to combat cybercrime. This methodology emphasizes the need to verify all users and devices before granting network access. INTRUSION Shield distinguishes itself by not relying on signatures for protection, employing a layered defense that integrates AI and IP reputation-based threat intelligence. The solution aims to thwart cyberattacks, including Zero-Day threats, in real-time. Davis has a notable track record of speaking at major industry events and being featured in prominent media outlets.

INTRUSION (NASDAQ: INTZ) announced participation in the 23rd Annual H.C. Wainwright Global Investment Conference on September 14, 2021. Key executives, including Chief Technology Officer Joe Head, Chief Financial Officer Franklin Byrd, and Chief Marketing Officer Gary Davis, will host virtual meetings with investors. An on-demand replay of their presentation will be available from September 13, 2021, at 7:00 A.M. EDT on the company's website. INTRUSION provides advanced cyberattack prevention solutions, leveraging artificial intelligence to safeguard against threats, including zero-days.

INTRUSION, Inc. (Nasdaq: INTZ) announced on August 16, 2021, that its cyber defense product, INTRUSION Shield, received validation from Ten Mile Square Technologies following independent performance assessments. Shield is a signature-free, bidirectional Zero Trust solution that employs AI and historical IP reputation to prevent cyber threats. The assessment confirmed that Shield performs effectively according to its claims. Despite some minor suggestions for improvement, the overall feedback was positive, highlighting Shield's competitiveness in the market.

INTRUSION, Inc. (NASDAQ: INTZ) reported its Q2 2021 financial results, showcasing a revenue of $2.0 million, an increase from $1.9 million in Q1 2021 and $1.7 million in Q2 2020. The gross profit margin decreased to 63% compared to 66% in Q1 2021. Operating expenses surged to $6.9 million from $5.1 million in the previous quarter. The net loss widened to $5.0 million, or ($0.28) per share. As of June 30, cash and equivalents stood at $9.3 million with working capital of $7.3 million.

INTRUSION, Inc. (NASDAQ: INTZ) has identified suspicious activity on popular Russian websites Playrix and Yandex, indicating potential malware exposure for users. The company's threat detection team found links to malware distribution, revealing a pathway from Playrix to a Yandex subdomain that could compromise visitors' devices. Gary Davis, Chief Evangelist, emphasized the need for enhanced cybersecurity awareness. INTRUSION's services include real-time threat protection through its advanced AI-driven solutions, which aim to safeguard against cyber threats.

INTRUSION (Nasdaq: INTZ) released findings from a July survey indicating that despite significant IT budget allocations for cybersecurity, data breaches remain prevalent. Key findings reveal that nearly half of organizations allocate over 20% of their budgets to cybersecurity, yet 52% reported a data breach at some point. Responses showed that 84% have a formal response plan, yet concerns about cyberattacks persist. The survey underscores a gap between investment in cybersecurity and the effectiveness of measures in protecting against internal and external threats.

INTRUSION, Inc. (Nasdaq: INTZ) announced preliminary second-quarter revenue estimates between $1.9 million and $2.0 million. The company is exploring funding options to achieve profitability, addressing slower-than-expected sales of its Shield product due to extended customer evaluation cycles. Despite these challenges, INTRUSION remains confident in Shield's effectiveness against cyber threats. Additionally, CEO Jack B. Blount has departed, with CFO Franklin Byrd and CTO Joe Head temporarily handling operations. Full results will be released on August 12.