secwatch.observer — SEC 8-K summary
======================================

Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001683168-24-005568
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrusion Q2 revenue up 29% sequentially to $1.5M; net loss narrows to $(2.1)M
------------------------------------------------------------------------------

- Revenue of $1.5M for Q2 2024, up 29% sequentially, driven by a large government contract for Shield and consulting.
- Net loss of $(2.1)M ($(0.53) per share) vs $(3.1)M ($(2.92) per share) in Q2 2023; operating loss improved 18% QoQ.
- Gross profit margin 76% (down from 78% YoY); operating expenses $3.1M, down $0.9M YoY.
- Cash and equivalents $1.5M as of June 30; raised $2.6M net via private offering and $0.6M via warrant inducement.
- Appointed Dion Hinchcliffe to Board; new government contract awarded for Intrusion Shield.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316824005568/0001683168-24-005568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316824005568/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-005568

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