{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-24-001714","form_type":"8-K","ticker":"INTZ","cik":"0000736012","company_name":"INTRUSION INC","filed_at":"2024-03-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.800932+00:00","generated_at":"2026-06-04T08:12:45.979926+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Intrusion FY2023 revenue falls to $5.6M; cash drops to $0.1M; debt exchange, reverse split announced","bullets":["Revenue for FY2023 was $5.6M, down $1.9M from 2022; Q4 revenue $1.4M, down 5% YoY.","Net loss for FY2023 was $13.9M ($0.57 per share) vs $16.2M ($0.82 per share) in 2022.","Cash and cash equivalents at Dec 31, 2023 were $0.1M, down from $3.0M at Dec 31, 2022.","Subsequent to year end, exchanged $9.275M in senior debt with Streeterville for new Series A Preferred Stock.","Announced 1-for-20 reverse stock split to regain Nasdaq minimum bid price and equity standard compliance."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-24-001714","json":"https://secwatch.observer/filing/0001683168-24-001714.json","markdown":"https://secwatch.observer/filing/0001683168-24-001714.md","text":"https://secwatch.observer/filing/0001683168-24-001714.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/736012/000168316824001714/0001683168-24-001714-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/736012/000168316824001714/intrusion_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T08:12:45.979926+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":"d50872db145dde3502a0680d3605692598fd4e5c","claim":"INTRUSION INC reported the year ended December 31, 2023 results: revenue $5.6 million, net income $13.9 million, or $(0.57) per share, EPS $(0.57) per share.","evidence_excerpt":"to a loss of $(5.2) million, or $(0.25) per share for the fourth quarter of 2022. Full Year 2023 Financial Results Revenue for the full year ended December 31, 2023, was $5.6 million, a decrease of $1.9 million compared to 2022. The gross profit margin was 78% for the full year ended December 31, 2023, compared to 55% in 2022. Operating expenses for the full","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/736012/000168316824001714/0001683168-24-001714-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Revenue","value":"$5.6 million"},{"label":"Net income","value":"$13.9 million, or $(0.57) per share"},{"label":"EPS","value":"$(0.57) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e62acbb82876355669f5cfaad6c42fd8a97a59a8","claim":"INTRUSION INC reported the fourth quarter ended December 31, 2023 results: revenue $1.4 million, net income $(2.8) million, or $(0.09) per share, EPS $(0.09) per share.","evidence_excerpt":"and equity standard requirements. · Continuing resolution negatively impacts consulting revenues. Fourth Quarter Financial Results Revenue for the fourth quarter of 2023 was $1.4 million, a decrease of 7% sequentially and 5% compared to the previous year. The decline in revenue during the fourth quarter of 2024 was driven by a decrease in consulting revenue that","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/736012/000168316824001714/0001683168-24-001714-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$1.4 million"},{"label":"Net income","value":"$(2.8) million, or $(0.09) per share"},{"label":"EPS","value":"$(0.09) 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"}