secwatch.observer — SEC 8-K summary
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Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001683168-24-003395
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316824003395/0001683168-24-003395-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316824003395/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-003395

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