{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-23-003211","form_type":"8-K","ticker":"INTZ","cik":"0000736012","company_name":"INTRUSION INC","filed_at":"2023-05-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.116354+00:00","generated_at":"2026-06-15T05:14:43.424686+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Intrusion Q1 revenue $1.3M, net loss $(4.7)M; cash drops to $0.4M, cost cuts initiated","bullets":["Q1 revenue $1.3M, down $0.1M sequentially and $0.5M YoY; gross margin improved to 76% from 51%.","Net loss $(4.7)M ($(0.22)/share) vs $(4.1)M ($(0.21)/share) a year ago; operating expenses surged to $5.0M.","Cash and equivalents $0.4M as of March 31, 2023, from $3.0M at Dec 31, 2022; $1.3M prepayment received after quarter end.","Cost reductions include executive salary cuts (6 months), elimination of 16 positions, and contractor reductions, saving ~$1.5M/quarter.","CEO notes elongated sales cycles and economic uncertainty; company may rely on equity offerings for 2023 financing."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-23-003211","json":"https://secwatch.observer/filing/0001683168-23-003211.json","markdown":"https://secwatch.observer/filing/0001683168-23-003211.md","text":"https://secwatch.observer/filing/0001683168-23-003211.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/736012/000168316823003211/0001683168-23-003211-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/736012/000168316823003211/intrusion_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T05:14:43.424686+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fd37d64ed5a8413433be6f813756eff459f0caf8","claim":"INTRUSION INC reported first quarter ended March 31, 2023 results: revenue $1.3 million, net income $(4.7) million, EPS $(0.22) per share.","evidence_excerpt":"First Quarter Financial Results Revenue for the first quarter of 2023 was $1.3 million, a decrease of $0.1 million sequentially and $0.5 million compared with the first quarter of the prior year. The decline in total revenue for the quarter was largely due to the loss of a consulting contract in the fourth quarter of 2022 in which Intrusion’s prime sponsor chose not to renew the final option year of a contract that had been in place since 2018. The gross profit margin was 76% for the first quarter of 2023, compared to 51% in the first quarter of 2022. Operating expenses in the first quarter of 2023 were $5.0 million, an increase from $0.1 million in the comparable quarter of last year. The net loss for the first quarter of 2023 was $(4.7) million, or $(0.22) per share, compared to a loss of $(4.1) million, or $(0.21) per share for the first quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/736012/000168316823003211/0001683168-23-003211-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$1.3 million"},{"label":"Net income","value":"$(4.7) million"},{"label":"EPS","value":"$(0.22) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}