Intrusion Q2 preliminary: Shield revenue up ~35% sequentially, cash burn reduced

INTRUSION INC

2023-Q2 EPS reported -$0.37 revenue$2,777,000

Intrusion Shield revenue expected to increase ~35% sequentially in Q2 2023.
New bookings in Q2 and early Q3 expected to boost H2 2023 Shield revenues.
Consulting business grew with new travel industry contract; pipeline expanding.
Cash burn significantly reduced due to late-March cost-cutting measures; reduction expected to continue.
Full Q2 2023 results to be released August 14, 2023 after market close.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INTRUSION INC reported preliminary financial results for the quarter ended June 30, 2023.

Period: the quarter ended June 30, 2023
Result: preliminary results

Exact text from the filing

On July 17, 2023, Intrusion Inc. issued a press release announcing preliminary financial results for the quarter ended June 30, 2023.

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INTRUSION INC filing history →

Source: SEC EDGAR

accession 0001683168-23-005023

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