secwatch.observer — SEC 8-K summary
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Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001683168-23-008122
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316823008122/0001683168-23-008122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316823008122/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-008122

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