Intrusion Inc New - INTZ STOCK NEWS

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.

INTRUSION Inc. (NASDAQ: INTZ) announced the successful launch of its AI-driven cybersecurity solution, Shield™, which has thwarted over 77 million threats during beta testing across 13 companies. The tool, designed to identify and terminate malicious activity in real-time, is now available at a starting price of $20 per seat monthly. It showcases a remarkable false positive rate of just 0.001%, significantly outperforming competitors. As businesses increasingly migrate to production, Shield™ aims to mitigate devastating cybercrime impacts.

INTRUSION Inc. (NASDAQ: INTZ) has launched Shield™, a new AI-based cybersecurity solution that successfully halted over 77 million cyber threats during beta testing. Conducted over 90 days with 13 companies, it prevented attacks from 805,110 malicious entities, tackling ransomware, data theft, and more. Unlike traditional solutions, Shield boasts a low false positive rate of 0.001%, greatly enhancing operational efficiency. The service is available for $20 per seat monthly. Companies in the beta phase are now transitioning to full production, recognizing the importance of robust cybersecurity amid increasing cyber threats.

INTRUSION Inc. (NASDAQ: INTZ) has launched its new Shield™ cybersecurity solution, addressing recent cyber threats. The solution halted over 77 million cyberattacks during its beta program, protecting 13 companies from various cyber threats, including ransomware and phishing. Shield utilizes artificial intelligence to eliminate threats in real-time, achieving a false positive rate of just 0.001%. Companies have opted to implement Shield in production, highlighting its effectiveness and ease of use. The service is priced at $20 per seat per month, with no annual contract required.