Welcome to our dedicated page for Intrusion news (Ticker: INTZ), a resource for investors and traders seeking the latest updates and insights on Intrusion 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) 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.
INTRUSION, a leader in cyber-attack prevention, announced that its executive team will participate in two upcoming conferences: the Loop Capital Markets Conference on March 11, 2021, and the 33rd Annual ROTH Conference on March 16, 2021. Jack Blount (President and CEO), Franklin Byrd (CFO), and Gary Davis (CMO) will be available for investor calls. INTRUSION's innovative solutions, including Shield, TraceCop™, and Savant™, utilize advanced threat intelligence and AI to protect companies from cyber threats, even zero-days.
INTRUSION, Inc. (NASDAQ: INTZ) announced its financial results for Q4 and the full year ended December 31, 2020, revealing a revenue decline. Q4 revenue was $1.6 million, down from $2.6 million in Q4 2019, while the annual revenue decreased to $6.6 million from $13.6 million. The gross margin also fell to 58% from 61% year-on-year. Despite these challenges, the company reported growing orders for its Shield™ solution, expanded its distributor network, and ended the quarter with $16.7 million in cash after raising $18.2 million through public stock issuance.
INTRUSION Inc. (NASDAQ: INTZ) announced the appointment of Gary Davis as Chief Marketing Officer. With over 20 years of executive marketing experience, Davis previously worked at Intel and McAfee, driving significant growth. He will lead marketing and communications at INTRUSION, contributing to its goals of rapid expansion and increased market share in the cybersecurity sector. CEO Jack Blount expressed confidence in Davis's ability to accelerate growth and strengthen their global presence.
INTRUSION Inc. (NASDAQ: INTZ) will announce its fourth quarter and fiscal 2020 financial results on February 25, 2021, after market close. CEO Jack Blount and CFO Franklin Byrd will discuss the results in a conference call at 4:00 p.m. CT, which can be accessed on the investor relations website. Interested parties can join via teleconference using the provided dial-in details. The company specializes in entity identification, data mining, and cyber threat detection solutions, including its Shield™, TraceCop™, and Savant™ products.
INTRUSION Inc. (NASDAQ: INTZ) has appointed Katrinka McCallum to its Board of Directors, enhancing its leadership team. McCallum, formerly Vice President of Customer and Product Experience at Red Hat, brings over 20 years of enterprise software experience. Her appointment coincides with increasing awareness of INTRUSION Shield™, a cybersecurity solution designed to protect against zero-day attacks. The company's focus on operational excellence and strategic growth is expected to benefit customers and shareholders alike.
INTRUSION Inc. (NASDAQ: INTZ) has appointed Joe Head as Senior Vice President of Sales Engineering. A co-founder with over 30 years of experience, he will lead a team of engineers to showcase the Shield™ cybersecurity solution. Tina Carnow has been promoted to Vice President of Sales to enhance direct sales efforts. These moves are aimed at supporting the company’s growth in the cybersecurity sector. The release also emphasizes the importance of protecting critical information assets through advanced cybersecurity solutions.
INTRUSION Inc. (NASDAQ: INTZ) has appointed Joe Head as Senior Vice President of Sales Engineering, effective January 21, 2021. Joe, a co-founder with over 30 years of experience, will lead a team to enhance sales support for Shield™, the company's advanced cybersecurity solution. This appointment aims to bolster the company's sales strategy, with the addition of Tina Carnow as Vice President of Sales, who brings over 20 years of technology sales expertise. These changes are expected to drive growth and enhance INTRUSION's market position in cybersecurity.
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