secwatch.observer — SEC 8-K summary
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Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2023-03-06T23:59:59+00:00
Accession:  0001683168-23-001336
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrusion Q4 revenue $1.4M (-12% YoY), net loss $5.2M; cash $3M, needs $15-20M in 2023
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- Q4 revenue $1.4M, down 12% YoY; net loss $5.2M ($0.25 per share) vs $3.8M loss in Q4 2021.
- Full year 2022 revenue $7.5M (+3% YoY); net loss $16.2M ($0.82 per share) vs $18.8M loss in 2021.
- Cash and equivalents $3.0M at Dec 31, 2022, down from $4.1M a year earlier.
- Company estimates it needs $15-20M in 2023, with a portion required within 30 days; actively seeking financing.
- Amended debt with Streeterville, waived principal redemptions through March 31; also entered $1.4M note purchase agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316823001336/0001683168-23-001336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316823001336/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-001336

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer