INTRUSION INC — fact timeline

INTRUSION INC reported the first quarter ended March 31, 2026 results: revenue $0.9 million, net income $3.6 million, EPS $(0.18) per share. Guidance reaffirmed.

“profitability by the end of the fiscal year and deliver value for our shareholders.” First Quarter Financial Results Revenue for the first quarter of 2026 was approximately $0.9 million, representing a decrease of 50% on a year-over-year basis. Performance continued to be impacted by delays in the award of a key U.S. government contract. The Company remains”

INTRUSION INC received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

“May 7, 2026, the Company received a written notice from The Nasdaq Stock Market LLC (“NASDAQ”) notifying the Company that the closing bid price of the Company’s common shares (the “Common Shares”) over the 30 consecutive”

INTRUSION INC entered into Note Purchase Agreement with Streeterville Capital, LLC valued at original principal amount of $3,230,000 (effective 2026-04-06).

“On April 6, 2026, Intrusion Inc. (the “Company”) entered into a Note Purchase Agreement (the “Purchase Agreement”) with Streeterville Capital, LLC (the “Investor”). Pursuant to the Purchase Agreement, the Company issued and sold to the Investor a Secured Promissory Note (the “Note”) in the original principal amount of $3,230,000 for cash proceeds of $3,000,000 (reflecting an original issue discount of $210,000 and $20,000 in transaction expenses).”

INTRUSION INC reported full year ended December 31, 2025 results: revenue $7.1 million, net income ($9.1) million, EPS $(0.46) per share.

“Revenue for the full year ended December 31, 2025, was $7.1 million, an increase of $1.3 million or 23% compared to 2024.”

INTRUSION INC reported fourth quarter ended December 31, 2025 results: revenue approximately $1.5 million, net income ($2.8) million, EPS $(0.14) per share.

“Revenue for the fourth quarter of 2025 was approximately $1.5 million, representing a decrease of 12% on a year-over-year basis.”

James F. Gero resigned as Director at INTRUSION INC.

“On November 11 , 2023, James F. Gero, a director of Intrusion Inc. (the “Company), notified the Board of Directors (the “Board) of his decision to resign from the Board effective November 20, 2024.”

Dion Hinchcliffe was appointed as Director at INTRUSION INC.

“filled a vacant Board seat by appointing Dion Hinchcliffe to serve as a member of the Board of Directors effective as of the close of business on July 1, 2024”

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.

“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.”

INTRUSION INC entered into Subscription Agreements with the purchasers named therein valued at approximately $2.6 million (effective 2024-04-22).

“On April 22, 2024, Intrusion Inc., a Delaware corporation (the “Company”), entered into private placement subscription agreements (“Subscription Agreements”) with the purchasers named therein (the “Purchasers”) (the “Offering”) pursuant to which the Company agreed to sell an aggregate of 1,348,569 shares of the Company’s common stock”

INTRUSION INC entered into Stipulation of Compromise and Settlement with Nathan Prawitt valued at $250,000 (effective 2024-04-03).

“On April 3, 2024, the Settlement Agreement was approved by the Court and judgment was entered consistent with the Settlement Agreement”

INTRUSION INC: Approved and filed a Certificate of Amendment to effectuate a 1-for-20 reverse stock split of common shares (effective 2024-03-22).

“On March 21, 2024, a Certificate of Amendment to Certificate of Incorporation was filed with the Delaware Secretary of State in respect of the Reverse Stock Split, and became effective for state law purposes on March 22, 2024”

INTRUSION INC received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

“September 26, 2023, Intrusion Inc. (the “Company”) received a written notice from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the closing bid price of the Company’s shares of common stock (the “Common Shares”) over the 30 consecutive trading days from August 14, 2023, through September 25, 2023, had fallen below $1.00 per share, which is the minimum closing bid price required to maintain listing on Nasdaq under Listing Rule 5550(a)(2) (the “Minimum Bid Requirement”). Such notice additionally stated that in accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company wou”

INTRUSION INC: Amendment to certificate of incorporation to effect a 1-for-20 reverse stock split of common shares (effective 2024-03-22).

“a Certificate of Amendment to Certificate of Incorporation was filed with the Delaware Secretary of State in respect of the Reverse Stock Split, and became effective for state law purposes on March 22, 2024”

INTRUSION INC reported the fourth quarter ended December 31, 2023 results: revenue $1.4 million, net income $(2.8) million, or $(0.09) per share, EPS $(0.09) per share.

“and equity standard requirements. · Continuing resolution negatively impacts consulting revenues. Fourth Quarter Financial Results Revenue for the fourth quarter of 2023 was $1.4 million, a decrease of 7% sequentially and 5% compared to the previous year. The decline in revenue during the fourth quarter of 2024 was driven by a decrease in consulting revenue that”

INTRUSION INC reported the year ended December 31, 2023 results: revenue $5.6 million, net income $13.9 million, or $(0.57) per share, EPS $(0.57) per share.

“to a loss of $(5.2) million, or $(0.25) per share for the fourth quarter of 2022. Full Year 2023 Financial Results Revenue for the full year ended December 31, 2023, was $5.6 million, a decrease of $1.9 million compared to 2022. The gross profit margin was 78% for the full year ended December 31, 2023, compared to 55% in 2022. Operating expenses for the full”

INTRUSION INC: Filed Certificate of Designations creating Series A preferred stock with stated value $1,100 per share, 10% annual accrued return, quarterly dividends, and liquidation preference ahead of common stock (effective 2024-03-15).

“Also on March 15, 2024, following approval by stockholders at the Special Meeting and following the filing of the A&R Certificate, filed a Certificate of Designations (the “Series A Certificate”) creating Series A preferred stock, $0.01 par value per share (the “Series A Stock”).”

INTRUSION INC: Filed Amended and Restated Certificate of Incorporation to eliminate Series 1, 2, and 3 preferred shares, create a right of stockholders to take action by written consent, add a Delaware forum selection provision, and update/clarify/remove outdated provisions, after stockholder approval at special m (effective 2024-03-15).

“On March 15, 2024, following approval by stockholders at the Special Meeting (as hereinafter defined), as discussed in Item 5.07 of this Current Report on Form 8-K, the Company filed the Amended and Restated Certificate of Incorporation (the “A&R Certificate”) to (i) eliminate the Series 1, Series 2, and Series 3 preferred shares, (ii) create a right of stockholders to take action by written consent; (iii) add a Delaware forum selection provision; and (iv) update, clarify and remove outdated provisions.”

INTRUSION INC shareholders approved Approval of Series A Certificate of Designations creating Series A preferred stock at the 2024-03-15 meeting.

“Also on March 15, 2024, following approval by stockholders at the Special Meeting and following the filing of the A&R Certificate, filed a Certificate of Designations (the “Series A Certificate”) creating Series A preferred stock, $0.01 par value per share (the “Series A Stock”).”

INTRUSION INC shareholders approved Approval of Amended and Restated Certificate of Incorporation to eliminate Series 1, Series 2, and Series 3 preferred shares, create right of stockholders to take action by written consent, add Delaware forum selection provision, and update, clarify and remove outdated provisions. at the 2024-03-15 meeting.

“On March 15, 2024, following approval by stockholders at the Special Meeting (as hereinafter defined), as discussed in Item 5.07 of this Current Report on Form 8-K, the Company filed the Amended and Restated Certificate of Incorporation (the “A&R Certificate”) to (i) eliminate the Series 1, Series 2, and Series 3 preferred shares, (ii) create a right of stockholders to take action by written consent; (iii) add a Delaware forum selection provision; and (iv) update, clarify and remove outdated provisions.”

INTRUSION INC entered into Exchange Agreement with Streeterville Capital, LLC (effective 2024-03-15).

“On March 15, 2024, Intrusion Inc. (the “Company”), entered into and closed an Exchange Agreement with Streeterville Capital, LLC (“Streeterville”).”

INTRUSION INC: Amended and restated bylaws to require a lead independent director when CEO and Chairman roles are held by the same person.

“The Company also agreed to adopt amended and restated bylaws providing that when the Company’s Chief Executive Officer and Chairman of the Board of Directors of the Company are the same individual, the Company will designate a lead independent director.”

INTRUSION INC entered into Stipulation of Compromise and Settlement with Nathan Prawitt valued at $250,000 (effective 2023-09-28).

“As previously disclosed, on September 28, 2023, the Company agreed to the terms of a settlement contained in that certain Stipulation of Compromise and Settlement ("Settlement Agreement")”

INTRUSION INC incurred loan of $1,080,000 with Anthony Scott at 7.0% per annum, compounded daily maturing June 15, 2024.

“On January 2, 2024, Intrusion Inc. (the “Company”) entered into an invoice financing arrangement pursuant to a note purchase agreement with Anthony Scott, President and Chief Executive Officer of the Company (“Scott”), according to which, among other things, Scott purchased from the Company a promissory note (the “Note”) in the aggregate principal amount of $1,080,000 in exchange for $1.0 million to the Company.”

INTRUSION INC: Amended and restated Bylaws effective December 18, 2023, with changes to name, offices, stockholder meeting provisions, and other topics (effective 2023-12-18).

“On December 18, 2023 , the Board of Directors of Intrusion Inc. (the “Company”) approved by written consent amendments and restatements of the Company’s Bylaws dated September 27, 2023 (the “Prior Bylaws”).”

INTRUSION INC reported third quarter ended September 30, 2023 results: revenue $1.5 million, net income $(3.2) million, EPS $(0.14) per share.

“will provide us with the liquidity and runway needed to execute our strategy to grow the business.” Third Quarter Financial Results Revenue for the third quarter of 2023 was $1.5 million, a decrease of $0.7 million compared with the third quarter of the prior year. The decrease resulted from the loss of a contract in the fourth quarter of 2022 in which”

INTRUSION INC entered into Purchase Agreement with the purchasers identified on the signature pages to the purchase Agreement valued at aggregate offering price of $0.60 per share and warrant (effective 2023-11-08).

“On November 8, 2023, Intrusion Inc. entered into a Securities Purchase Agreement (the “Purchase Agreement”) pursuant to which, among other things, the Company sold to the purchasers identified on the signature pages to the purchase Agreement (“Purchasers”), in a private offering (the “Offering”), an aggregate of 4,359,374 shares of its common stock (the “Shares”), each of which is coupled with a warrant to purchase two shares of common stock (the “Warrants”), at an aggregate offering price of $0.60 per share and warrant (the “Purchase Price”).”

INTRUSION INC received a nasdaq delisting notice notice regarding market value (rules 5550(b)(2)).

“October 26, 2023, Intrusion Inc. (the “Company”) received a letter from the Listing Qualifications Staff of Nasdaq (the "Staff Determination") notifying the Company that, based upon the Company's non-compliance with the $35 million market value of listed securities requirement ("MVLS") for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Marketplace Rule 5550(b)(2), the Company's securities are subject to delisting from Nasdaq unless the Company requests a hearing before a Nasdaq Hearings Panel (the “Hearings Panel"). The Company plans to timely request a hearing before a”

INTRUSION INC: Adopted amended and restated bylaws requiring a lead independent director when CEO and Chairman are the same individual (effective 2023-09-27).

“On September 27, 2023, in connection with the Settlement Agreement, the Board of Directors adopted amended and restated bylaws (“A&R Bylaws”).”

INTRUSION INC received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

“bid price of the Company’s common shares (the “Common Shares”) over the 30 consecutive trading days from August 14, 2023, through September 25, 2023, had fallen below $1.00 per share, which is the minimum closing bid price required to maintain listing on the NASDAQ Capital Market under Listing Rule 5550(a)(2) (the “Minimum Bid Requirement”). In accordance with NASDAQ Listing Rule 5810(c)(3)(A), the Company has 180 calendar days to regain compliance with the Minimum Bid Requirement (the “Grace Period”), or until March 25, 2024, subject to a potential 180 calendar day extension, as described bel”

INTRUSION INC reported second quarter ended June 30, 2023 results: revenue $1.5 million, net income $(3.1) million, EPS $(0.15) per share.

“prevention solutions, announced today financial results for the second quarter ended June 30, 2023. Recent Financial & Business Highlights: · Second quarter revenue of $1.5 million was up $0.2 million sequentially or 12%. · Gross margin increased to 79% during the second quarter, an increase of 2.4% sequentially. · Successfully implemented cost reduction”

INTRUSION INC amended loan with Streeterville Capital, LLC maturing September 10, 2024 (Note #1) and December 29, 2024 (Note #2).

“On August 2, 2023, the Company and Streeterville entered into a Forbearance and Standstill Agreement (the “Forbearance Agreement”) under which both parties agreed to extend the maturity date of each Note by 12 months. The maturity date of Note #1 is now September 10, 2024, and the maturity date of Note #2 is now December 29, 2024.”

INTRUSION INC reported preliminary financial results for the quarter ended June 30, 2023.

“On July 17, 2023, Intrusion Inc. issued a press release announcing preliminary financial results for the quarter ended June 30, 2023.”

Ross Mandel departed as Chief Strategy Officer at INTRUSION INC.

“On May 19, 2023, Intrusion Inc. (the “ Company ”) and its Chief Strategy Officer, Ross Mandel, mutually agreed to a separation of employment.”

Christopher Duzich departed as Chief Operating Officer at INTRUSION INC.

“On May 19, 2023, Intrusion Inc. (the “ Company ”) and its Chief Operating Officer, Christopher Duzich, mutually agreed to a separation of employment.”

INTRUSION INC reported first quarter ended March 31, 2023 results: revenue $1.3 million, net income $(4.7) million, EPS $(0.22) per share.

“First Quarter Financial Results Revenue for the first quarter of 2023 was $1.3 million, a decrease of $0.1 million sequentially and $0.5 million compared with the first quarter of the prior year. The decline in total revenue for the quarter was largely due to the loss of a consulting contract in the fourth quarter of 2022 in which Intrusion’s prime sponsor chose not to renew the final option year of a contract that had been in place since 2018. The gross profit margin was 76% for the first quarter of 2023, compared to 51% in the first quarter of 2022. Operating expenses in the first quarter of 2023 were $5.0 million, an increase from $0.1 million in the comparable quarter of last year. The net loss for the first quarter of 2023 was $(4.7) million, or $(0.22) per share, compared to a loss of $(4.1) million, or $(0.21) per share for the first quarter of 2022.”

INTRUSION INC received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2)).

“April 28, 2023, Intrusion Inc. (the “Company”) received written notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the Company’s Market Value of Listed Securities ("MVLS") was below the minimum of $35 million required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2) (the “Market Value Standard”). The Staff also noted that the Company does not meet the requirements under Nasdaq Listing Rules 5550(b)(1) (Equity S”

Jamie Schnur departed as director at INTRUSION INC.

“On April 6, 2023, Jamie Schnur, a director of Intrusion Inc. (the “Company), notified the Board of Directors (the “Board) of his decision not to stand for reelection as a director nominee at the Company’s 2023 Annual Meeting of Shareholders (the “2023 Annual Meeting”).”

INTRUSION INC reported the full year ended December 31, 2022 results: revenue $7.5 million, net income ($16.2) million, EPS ($0.82) per share.

“Revenue was $7.5 million for the full year ended December 31, 2022, an increase of $0.3 million compared to 2021. The gross profit margin was 55% for the full year ended December 31, 2022, compared to 50% in 2021. Operating expenses were $20.5 million in the full year ended December 31, 2022, a decrease from $23.2 million in 2021. The net loss was ($16.2) million, or ($0.82) per share, for the full year ended December 31, 2022, compared to a loss of ($18.8) million, or ($1.05) per share in 2021.”

INTRUSION INC reported the fourth quarter ended December 31, 2022 results: revenue $1.4 million, net income ($5.2) million, EPS ($0.25) per share.

“Revenue for the fourth quarter of 2022 was $1.4 million, a decrease of $0.7 million sequentially and $0.2 million compared with the fourth quarter of the prior year. The gross profit margin was 63% for the fourth quarter of 2022, compared to 50% in the fourth quarter of 2021. Operating expenses in the fourth quarter of 2022 were $5.4 million, an increase from $4.7 million in the comparable quarter of last year. The net loss for the fourth quarter of 2022 was ($5.2) million, or ($0.25) per share, compared to a loss of ($3.8) million, or ($0.20) per share for the fourth quarter of 2021.”

INTRUSION INC incurred senior notes of $1.4 million with Streeterville Capital, LLC at No interest accrues maturing March 31, 2023.

“On February 23, 2023, Intrusion Inc. (the “Company”) entered into a note purchase agreement with Streeterville Capital, LLC (“Streeterville”), pursuant to which, among other things, Streeterville purchased from the Company a promissory note (the “Note”) in the aggregate principal amount of $1.4 million plus certain reimbursed expenses in exchange for $1.3 million to the Company. Under the Note, the Company shall make principal payments to Streeterville in the amount $50,000 per week each week prior to its maturity on March 31, 2023.”

INTRUSION INC entered into Note Purchase Agreement with Streeterville Capital, LLC valued at $1.4 million (effective 2023-02-23).

“On February 23, 2023, Intrusion Inc. (the “Company”) entered into a note purchase agreement with Streeterville Capital, LLC (“Streeterville”), pursuant to which, among other things, Streeterville purchased from the Company a promissory note (the “Note”) in the aggregate principal amount of $1.4 million”

INTRUSION INC amended Amendment with Streeterville Capital, LLC (effective 2023-01-11).

“On January 11, 2023, Intrusion Inc. (the “Company”) entered into an amendment (the “Amendment”) of certain promissory notes pursuant to the Securities Purchase Agreement dated March 10, 2022 (the Purchase Agreement”), between the Company and Streeterville Capital, LLC, a Utah limited liability company (the “Streeterville”).”

INTRUSION INC reported the third quarter of fiscal year 2022 (quarter ended September 30, 2022) results: revenue $2.2 million, net income ($2.9) million, EPS ($0.15) per share.

“Revenue for the third quarter of 2022 was $2.2 million”

Kimberly Pinson was appointed as Chief Financial Officer at INTRUSION INC.

“On June 27, 2022, Intrusion, Inc. (the “ Company ”) engaged the services of Ms. Kimberly Pinson to serve as the Company’s Chief Financial Officer and its “principal financial officer” and its “principal accounting officer””

B. Franklin Byrd resigned as Chief Financial Officer at INTRUSION INC.

“On May 16, 2022, Mr. B. Franklin Byrd submitted written notice to Intrusion Inc. of his resignation as Intrusion’s Chief Financial Officer effective as of May 30, 2022.”

Ross Mandel was appointed as Chief Strategy Officer at INTRUSION INC.

“On March 28, 2021, Intrusion Inc. (the “Company”) formally engaged the services of Mr. Christopher Duzich as its Chief Operating Officer and Mr. Ross Mandel as its Chief Strategy Officer.”

Christopher Duzich was appointed as Chief Operating Officer at INTRUSION INC.

“On March 28, 2021, Intrusion Inc. (the “Company”) formally engaged the services of Mr. Christopher Duzich as its Chief Operating Officer and Mr. Ross Mandel as its Chief Strategy Officer.”

Anthony Scott was appointed as Director at INTRUSION INC.

“On January 21, 2022, the Board of Directors (the “ Board ”) of Intrusion Inc. (the “ Company ”) appointed Mr. Anthony Scott, the Company’s current President and Chief Executive Officer, to fill one of the vacant seats on the Board”

Tony LeVecchio changed role as Executive Chairman of the Board at INTRUSION INC.

“Mr. LeVecchio, currently serving as the Company’s Board Chair, had been serving in the role of the Company’s principal executive officer under the title “Executive Chairman of the Board” in an interim capacity since August 4, 2021.”

Anthony Scott was appointed as President and Chief Executive Officer at INTRUSION INC.

“On November 11, 2021, the Board of Directors (the “ Board ”) of Intrusion Inc. (the “ Company ”), appointed Mr. Anthony Scott as the Company’s President and Chief Executive Officer, effectively replacing Mr. Tony LeVecchio as the Company’s “principal executive officer””