Intrusion (NASDAQ:INTZ) Releases Earnings Results, Misses Expectations By $0.03 EPS

Intrusion (NASDAQ:INTZ) announced its quarterly earnings data on Tuesday. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03), FiscalAI reports. The business had revenue of $1.45 million for the quarter, compared to analyst estimates of $1.50 million. Intrusion had a negative return on equity of 129.84% and a negative net margin of 169.48%.

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

• Second-quarter revenue rose 64% sequentially to $1.5 million, helped by the Texas contract, but remained down 22% year over year because of delayed Department of Defense funding.
• The timing of the DOD contract extension remains uncertain, while cash and equivalents were only $0.2 million at quarter-end. Intrusion raised $3.3 million through note financing and expects to pursue additional public or private capital, including its ATM program.
• The VigilAigent acquisition added approximately $3.5 million of annual recurring revenue, more than $350,000 in annualized new business and renewals, potential MSP partnerships, and identified over $3 million in annualized cost synergies.
• Intrusion began recognizing revenue from a $4 million annual Texas contract and is pursuing similar opportunities in other states. Management also expects the PortNexus public-safety channel to begin contributing meaningful revenue in 2027.
• Management said it is targeting a transition to profitability in 2027, with an internal goal of reaching cash-flow positivity as early as the first quarter, although it did not provide a firm quarterly commitment.

Intrusion Stock Up 7.9%

Shares of INTZ traded up $0.06 on Tuesday, reaching $0.82. The stock had a trading volume of 295,405 shares, compared to its average volume of 909,493. Intrusion has a twelve month low of $0.66 and a twelve month high of $2.27. The firm has a market capitalization of $18.62 million, a PE ratio of -1.57 and a beta of -1.57. The firm has a 50-day moving average of $0.79 and a 200 day moving average of $0.88.

Institutional Trading of Intrusion

Several large investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of Intrusion in the fourth quarter valued at $31,000. Millennium Management LLC purchased a new stake in shares of Intrusion in the 3rd quarter worth about $34,000. XTX Topco Ltd purchased a new stake in shares of Intrusion in the 4th quarter worth about $35,000. Jane Street Group LLC purchased a new stake in shares of Intrusion in the 4th quarter worth about $51,000. Finally, State Street Corp grew its stake in Intrusion by 11.6% in the 4th quarter. State Street Corp now owns 102,765 shares of the company’s stock valued at $118,000 after acquiring an additional 10,700 shares during the last quarter. Institutional investors and hedge funds own 19.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on INTZ shares. Zacks Research raised Intrusion from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 5th. Weiss Ratings cut shares of Intrusion from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 29th. Finally, Ascendiant Capital Markets cut their price target on shares of Intrusion from $10.50 to $9.50 and set a “buy” rating for the company in a report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.25.

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.