Intrusion Q3 net loss $(3.2)M on revenue $1.5M; secures $5M telecom deal and $2.4M private placement

INTRUSION INC

2023-Q3 EPS reported -$0.51 revenue$4,245,000

Q3 revenue $1.5M, down $0.7M YoY; gross margin improved to 78% from 55%.
Net loss $(3.2)M ($(0.14)/share) vs $(2.9)M ($(0.15)/share) in prior-year quarter.
Cash $0.2M at Sep 30; subsequent private offering raised $2.4M net from 4.4M shares and warrants.
Awarded $5M multi-year Intrusion Shield contract with a large telecom company.
Exchanged $0.4M of Streeterville debt for ~1M shares; management cites improved liquidity.

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 third quarter ended September 30, 2023 results: revenue $1.5 million, net income $(3.2) million, EPS $(0.14) per share.

Period: third quarter ended September 30, 2023
Revenue: $1.5 million
Net income: $(3.2) million
EPS: $(0.14) per share
Result: reported results

Exact text from the filing

will provide us with the liquidity and runway needed to execute our strategy to grow the business.” Third Quarter Financial Results Revenue for the third quarter of 2023 was $1.5 million, a decrease of $0.7 million compared with the third quarter of the prior year. The decrease resulted from the loss of a contract in the fourth quarter of 2022 in which

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INTRUSION INC filing history →

Source: SEC EDGAR

accession 0001683168-23-008122

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