Intrusion Q3 net loss narrows to $2.1M; Shield revenue up 49% sequentially; signs $2M DoD contract

INTRUSION INC

2024-Q3 EPS reported -$1.49 revenue$4,095,000

Revenue $1.5M (+3% seq); Intrusion Shield revenue +49% seq; 7 new Shield logos in Q3 (18 YTD).
Net loss $(2.1M) ($0.35/share) vs $(3.2M) ($2.78) YoY; operating loss improved 24% YoY.
Awarded $2.0M U.S. DoD contract for Shield and consulting; zero Shield customer churn in Q3.
Cash $1.1M at Sep 30, 2024; operating expenses $3.2M, down $0.6M YoY.

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