Intrusion (NASDAQ:INTZ) Releases Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Intrusion (NASDAQ:INTZ) released its quarterly earnings results on Thursday. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.09), FiscalAI reports. Intrusion had a negative return on equity of 86.02% and a negative net margin of 127.65%.The business had revenue of $0.89 million during the quarter, compared to analyst estimates of $2.03 million.

Here are the key takeaways from Intrusion’s conference call:

• Q1 revenue fell sharply to $0.9 million, down 40% sequentially and 50% year over year, as the company was hurt by delays in incremental funding for a U.S. Department of Defense contract.
• The company said it is still supporting the delayed DoD deployment and expects to recognize that revenue in a future quarter, though it does not expect to retroactively recognize amounts not yet contracted.
• Intrusion announced a new $4 million annual contract with the state of Texas for cyber threat intelligence and critical infrastructure protection, which management sees as a potential template for other states and territories.
• Management highlighted improving momentum in the PortNexus P.O.S.S.E. program and ShieldCloud availability on AWS and Microsoft Azure, saying these initiatives are already helping pipeline growth and should contribute more over the next several quarters.
• The quarter included a net loss of $3.6 million and operating expenses of $4.2 million, while cash and cash equivalents were only $1.4 million at quarter-end before a subsequent $3 million secured financing in April.
• Management said it remains on track to become cash flow positive by the end of 2026 and to transition Intrusion to profitability by fiscal year-end, supported by commercial expansion, AI-focused cybersecurity demand, and new federal opportunities.

Intrusion Stock Up 2.0%

Shares of NASDAQ INTZ opened at $0.78 on Friday. The stock’s 50 day moving average price is $0.91 and its two-hundred day moving average price is $1.16. Intrusion has a 52-week low of $0.73 and a 52-week high of $2.64. The stock has a market capitalization of $15.85 million, a P/E ratio of -1.73 and a beta of -1.67.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on INTZ shares. Ascendiant Capital Markets cut their price target on Intrusion from $12.50 to $10.50 and set a “buy” rating on the stock in a research note on Thursday, April 9th. HC Wainwright cut their price target on Intrusion from $2.00 to $1.00 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Finally, Weiss Ratings cut Intrusion from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.75.

Institutional Trading of Intrusion

Institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC acquired a new stake in Intrusion during the third quarter valued at approximately $34,000. XTX Topco Ltd acquired a new stake in Intrusion during the second quarter valued at approximately $55,000. Virtu Financial LLC acquired a new stake in Intrusion during the fourth quarter valued at approximately $31,000. Jane Street Group LLC acquired a new stake in Intrusion during the fourth quarter valued at approximately $51,000. Finally, State Street Corp raised its stake in Intrusion by 11.6% during the fourth quarter. State Street Corp now owns 102,765 shares of the company’s stock valued at $118,000 after buying an additional 10,700 shares in the last quarter. Institutional investors and hedge funds own 19.43% of the company’s stock.

About Intrusion

Intrusion Inc, a cybersecurity company in the United States. The company offers its customers access to threat intelligence database, which contains the historical data, known associations, and reputational behavior of Internet Protocol addresses. It offers INTRUSION Shield, a zero trust reputation-based Software as a Service solution that inspects and kills dangerous network connections. The company also provides INTRUSION TraceCop, a big data tool that contains an inventory of network selectors and enrichments to support forensic investigations; and INTRUSION Savant, a network monitoring solution that uses the data available in TraceCop to identify suspicious traffic in real-time.