Intrusion (NASDAQ:INTZ) Announces Earnings Results, Misses Estimates By $0.09 EPS

Intrusion (NASDAQ:INTZ) announced its quarterly earnings results on Thursday. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.09), FiscalAI reports. Intrusion had a negative net margin of 169.48% and a negative return on equity of 109.92%. The company had revenue of $0.89 million during the quarter, compared to analyst estimates of $2.03 million.

Here are the key takeaways from Intrusion’s conference call:

• Q1 revenue fell sharply to $0.9 million, down 40% sequentially and 50% year over year, as the company was hurt by delays in incremental funding for a U.S. Department of Defense contract.
• The company said it is still supporting the delayed DoD deployment and expects to recognize that revenue in a future quarter, though it does not expect to retroactively recognize amounts not yet contracted.
• Intrusion announced a new $4 million annual contract with the state of Texas for cyber threat intelligence and critical infrastructure protection, which management sees as a potential template for other states and territories.
• Management highlighted improving momentum in the PortNexus P.O.S.S.E. program and ShieldCloud availability on AWS and Microsoft Azure, saying these initiatives are already helping pipeline growth and should contribute more over the next several quarters.
• The quarter included a net loss of $3.6 million and operating expenses of $4.2 million, while cash and cash equivalents were only $1.4 million at quarter-end before a subsequent $3 million secured financing in April.
• Management said it remains on track to become cash flow positive by the end of 2026 and to transition Intrusion to profitability by fiscal year-end, supported by commercial expansion, AI-focused cybersecurity demand, and new federal opportunities.

Intrusion Trading Down 5.0%

NASDAQ:INTZ opened at $0.74 on Friday. The stock has a market capitalization of $15.07 million, a price-to-earnings ratio of -1.42 and a beta of -1.67. The firm has a fifty day simple moving average of $0.91 and a two-hundred day simple moving average of $1.16. Intrusion has a 12 month low of $0.71 and a 12 month high of $2.64.

Analysts Set New Price Targets

Several equities analysts recently commented on INTZ shares. HC Wainwright dropped their price objective on shares of Intrusion from $2.00 to $1.00 and set a “neutral” rating for the company in a research note on Monday, March 30th. Weiss Ratings raised shares of Intrusion from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday. Finally, Ascendiant Capital Markets dropped their price target on shares of Intrusion from $12.50 to $10.50 and set a “buy” rating for the company in a research note on Thursday, April 9th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.75.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in INTZ. Geode Capital Management LLC increased its position in shares of Intrusion by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 187,408 shares of the company’s stock worth $216,000 after acquiring an additional 15,344 shares in the last quarter. State Street Corp lifted its position in Intrusion by 11.6% in the 4th quarter. State Street Corp now owns 102,765 shares of the company’s stock valued at $118,000 after acquiring an additional 10,700 shares in the last quarter. Jane Street Group LLC bought a new position in Intrusion in the 4th quarter valued at about $51,000. XTX Topco Ltd bought a new position in Intrusion in the 4th quarter valued at about $35,000. Finally, Virtu Financial LLC bought a new position in Intrusion in the 4th quarter valued at about $31,000. 19.43% of the stock is owned by institutional investors.

Intrusion Company Profile

Intrusion Inc, a cybersecurity company in the United States. The company offers its customers access to threat intelligence database, which contains the historical data, known associations, and reputational behavior of Internet Protocol addresses. It offers INTRUSION Shield, a zero trust reputation-based Software as a Service solution that inspects and kills dangerous network connections. The company also provides INTRUSION TraceCop, a big data tool that contains an inventory of network selectors and enrichments to support forensic investigations; and INTRUSION Savant, a network monitoring solution that uses the data available in TraceCop to identify suspicious traffic in real-time.