Intrusion Q1 net loss narrows to $0.94/share; revenue down to $1.1M; raises $3.2M after quarter

INTRUSION INC

2024-Q1 EPS reported -$0.94 revenue$1,131,000

Net loss improved to $1.7M ($0.94/share) from $4.7M ($4.49/share) in Q1 2023.
Revenue $1.1M, down $0.2M YoY; gross margin improved to 80% from 76%.
Cash $0.1M at March 31; private offering raised $2.6M net, warrant offering $0.6M; cash $2.4M as of May 10.
Partnered for Philippines elections ($25M award, >$1M ARR for Shield in H2 2024).
Regained compliance with Nasdaq minimum bid price and equity standards.

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 0.95

INTRUSION INC reported the first quarter ended March 31, 2024 results: revenue $1.1 million, net income $(1.7) million, or $(0.94) per share, EPS $(0.94) per share.

Period: the first quarter ended March 31, 2024
Revenue: $1.1 million
Net income: $(1.7) million, or $(0.94) per share
EPS: $(0.94) per share
Result: reported results

Exact text from the filing

Revenue for the first quarter of 2024 was $1.1 million, a decrease of $0.2 million on both a sequential and year-over-year basis.

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Source: SEC EDGAR

accession 0001683168-24-003395

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