---
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"
generated_at: "2026-06-04T08:12:45.979926+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Intrusion FY2023 revenue falls to $5.6M; cash drops to $0.1M; debt exchange, reverse split announced

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-001714
- JSON: https://secwatch.observer/filing/0001683168-24-001714.json
- Plain text: https://secwatch.observer/filing/0001683168-24-001714.txt

## Key facts
- Earnings Releases
  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.
  - Period: the year ended December 31, 2023
  - Revenue: $5.6 million
  - Net income: $13.9 million, or $(0.57) per share
  - EPS: $(0.57) per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/736012/000168316824001714/0001683168-24-001714-index.htm
- Earnings Releases
  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.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $1.4 million
  - Net income: $(2.8) million, or $(0.09) per share
  - EPS: $(0.09) per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/736012/000168316824001714/0001683168-24-001714-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.