secwatch.observer — SEC 8-K summary
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Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0001683168-24-001714
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316824001714/0001683168-24-001714-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316824001714/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-001714

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