Intrusion Q2 revenue $1.5M, EPS $(0.15); files S-1 to raise up to $8.5M

INTRUSION INC

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

Q2 revenue $1.5M, up 12% sequentially; net loss $(3.1M) or $(0.15) per share vs $(0.21) YoY.
Gross margin improved to 79% (from 56% YoY); operating expenses reduced to $4.1M.
Cash fell to $0.3M at June 30 from $3.0M at Dec 31, 2022.
Filed preliminary S-1 for $8.5M common stock and warrants offering.
Entered forbearance with Streeterville extending convertible note maturities 12 months to Sep/Dec 2024.

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 0.95

INTRUSION INC reported second quarter ended June 30, 2023 results: revenue $1.5 million, net income $(3.1) million, EPS $(0.15) per share.

Period: second quarter ended June 30, 2023
Revenue: $1.5 million
Net income: $(3.1) million
EPS: $(0.15) per share
Result: reported results

Exact text from the filing

prevention solutions, announced today financial results for the second quarter ended June 30, 2023. Recent Financial & Business Highlights: · Second quarter revenue of $1.5 million was up $0.2 million sequentially or 12%. · Gross margin increased to 79% during the second quarter, an increase of 2.4% sequentially. · Successfully implemented cost reduction

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

INTRUSION INC filing history →

Source: SEC EDGAR

accession 0001683168-23-005744

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