Intrusion (NASDAQ:INTZ) Announces Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Intrusion (NASDAQ:INTZ) posted its quarterly earnings results on Thursday. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.05), FiscalAI reports. Intrusion had a negative net margin of 191.24% and a negative return on equity of 178.06%. The firm had revenue of $2.68 million for the quarter, compared to analyst estimates of $2.10 million.

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

• Q3 revenue rose 84% sequentially to $2.7 million and 36% year over year, driven by the Texas state agency contract and VigilAigent, which contributed $0.8 million in its first full quarter. Revenue from legacy Intrusion was down 2% year over year, however.
• Management cited growing interest in critical-infrastructure cybersecurity and opportunities in Texas, federal agencies, and partner-led school safety deployments. These prospects have not yet translated into disclosed contract values, and the company said conversion to actual awards remains the focus.
• Gross margin fell to 55% from 77% a year earlier, reflecting a mix shift toward lower-margin VigilAigent services and Texas consulting; Shield revenue was 5% of sales, versus 25% a year ago.
• Intrusion reported a $2.9 million quarterly net loss and had just $0.4 million in cash at September 30; interest expense rose to $397,000. Management said it has identified about 70% of a previously discussed $3 million in annual expense reductions, but emphasized that revenue growth is essential.
• Nasdaq granted a second 180-day extension to meet its $1 minimum bid-price requirement. Management said a reverse split remains possible if necessary, while prioritizing sales growth to regain compliance.

Intrusion Stock Performance

Shares of INTZ stock traded down $0.14 during trading hours on Friday, reaching $0.41. The stock had a trading volume of 130,463 shares, compared to its average volume of 686,692. The firm has a market capitalization of $9.95 million, a PE ratio of -0.74 and a beta of -1.61. The firm has a 50-day simple moving average of $0.67 and a 200-day simple moving average of $0.81. Intrusion has a twelve month low of $0.40 and a twelve month high of $1.56. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.39 and a quick ratio of 0.39.

Analysts Set New Price Targets

INTZ has been the subject of several recent research reports. Zacks Research upgraded shares of Intrusion from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Intrusion in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.25.

Intrusion Company Profile

Intrusion, Inc. (NASDAQ: INTZ) is a cybersecurity company that develops solutions designed to help organizations identify, investigate and respond to cyber threats. Its offerings combine network monitoring, threat intelligence and security analytics to provide visibility into potentially malicious activity across enterprise environments. The company is known for its proprietary threat intelligence capabilities, including databases that associate internet protocol addresses with information about online activity and potential threats.