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

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

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 Performance

Intrusion stock traded up $0.06 during trading hours on Tuesday, reaching $0.82. 295,405 shares of the stock were exchanged, compared to its average volume of 909,493. The stock has a market cap of $18.62 million, a P/E ratio of -1.57 and a beta of -1.57. Intrusion has a 52-week low of $0.66 and a 52-week high of $2.27. The firm’s 50 day moving average is $0.79 and its 200 day moving average is $0.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in INTZ. Geode Capital Management LLC increased its stake in shares of Intrusion by 18.8% during the second quarter. Geode Capital Management LLC now owns 163,584 shares of the company’s stock worth $375,000 after acquiring an additional 25,894 shares during the period. State Street Corp lifted its position in Intrusion by 11.6% in the fourth quarter. State Street Corp now owns 102,765 shares of the company’s stock valued at $118,000 after purchasing an additional 10,700 shares during the period. XTX Topco Ltd acquired a new stake in Intrusion in the second quarter valued at about $55,000. Jane Street Group LLC purchased a new stake in Intrusion in the 4th quarter valued at approximately $51,000. Finally, Millennium Management LLC purchased a new stake in Intrusion in the 3rd quarter valued at approximately $34,000. 19.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Intrusion Company Profile

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.