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 (Nasdaq: INTZ) announces its inclusion in the Russell Microcap® Index, effective June 25, 2021. This membership enhances exposure to institutional investors, potentially improving stock liquidity. FTSE Russell selects index members based on market capitalization and style attributes, with approximately $10.6 trillion in assets tracking these indexes. The company aims to leverage its advanced AI-driven cyber defense solutions to bolster market presence and shareholder value.
INTRUSION Inc. (NASDAQ: INTZ) announced that its President and CEO, Jack Blount, along with CFO Franklin Byrd, will present at the Needham 16th Annual Technology & Media Conference on May 19, 2021, at 7:00 a.m. CT. This virtual event will provide opportunities for portfolio managers and analysts to meet with management throughout the day. Interested parties can request meetings via email. The presentation will be available via live audio webcast and archived on the company's Investor Relations website.
INTRUSION announced its financial results for Q1 2021, revealing a revenue increase to $1.9 million, up from $1.6 million in Q4 2020 and $1.8 million in Q1 2020. The gross profit margin improved to 66%, compared to 58% in the previous quarters. Operating expenses rose to $5.1 million, leading to a net loss of $3.9 million, or ($0.22) per share. The company highlighted growth in its government business and positive feedback for its INTRUSION Shield product, while noting that significant contributions from the new SaaS offering will take time.
INTRUSION Inc. (NASDAQ: INTZ) will disclose its Q1 2021 financial results on May 4, 2021, after market close. The presentation will be led by Jack Blount and Franklin Byrd during a conference call at 4:00 p.m. CT, available live on their investor relations website.
The call can be accessed via telephone using numbers provided in the release. A replay will be available shortly after the call until May 11, 2021. INTRUSION specializes in cyberattack prevention solutions leveraging AI and threat intelligence.
INTRUSION (NASDAQ: INTZ) is facing legal challenges following a short report published on April 14, 2021, leading to investigations by law firms and a class action lawsuit filed on April 16. The lawsuit names the company’s CEO and CFO as defendants, reiterating allegations from the short report. INTRUSION firmly denies these claims, asserting they are baseless and plans to mount a robust defense. The company highlights its proprietary technology behind Shield, which is backed by patents and in early customer rollout with notable clients such as Kimberly-Clark and Lippert Components.
INTRUSION, Inc. (NASDAQ: INTZ) recently announced its intention to address false claims made in a research report. CEO Jack Blount criticized the report as malicious and inaccurate, stating the company is considering further action. INTRUSION specializes in cyberattack prevention solutions, notably including Zero-Day vulnerabilities. The company's offerings utilize AI to combat cyber threats in real-time. INTRUSION seeks to protect businesses of all sizes with advanced threat intelligence and solutions like Shield, TraceCop™, and Savant™.
INTRUSION, Inc. (NASDAQ: INTZ) reported strong Q1 2021 results, exceeding expectations. The company secured new customers, including Kimberly-Clark and Lippert Components, while also partnering with over 30 channel partners in Australia and Mexico. INTRUSION Shield is now protecting more than 50,000 seats, far surpassing its original goal. The recent hiring of a new Chief Sales Officer, Darryl Athans, reinforces a commitment to growth and global expansion, positioning INTRUSION favorably for continued success.
INTRUSION, Inc. (NASDAQ: INTZ) has secured an agreement with Lippert Components to deploy its Shield cyber-attack prevention solution. Lippert, a global manufacturing leader, aims to protect its growing network from sophisticated cyber threats. Shield utilizes real-time AI technology, boasting 99.999% efficiency in thwarting cyberattacks. This partnership not only enhances Lippert’s security but also extends Shield services throughout its supply chain, ensuring critical component availability as operations expand worldwide.
INTRUSION, Inc. (NASDAQ: INTZ) has partnered with Kimberly-Clark to enhance its network security using INTRUSION Shield. This solution boasts a 99.999 percent accuracy rate in neutralizing cyber threats without impeding network performance. Kimberly-Clark's infrastructure supports a vast global workforce, and Shield's AI capabilities will significantly reduce security risks. CEO Jack Blount emphasized the need for innovative protection strategies for multi-national corporations. This agreement underscores INTRUSION's commitment to providing advanced cyber-defense solutions.
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?
