Intrusion (NASDAQ:INTZ) Releases Earnings Results, Misses Estimates By $0.03 EPS

Intrusion (NASDAQ:INTZ) released its quarterly earnings data on Tuesday. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.03), FiscalAI reports. The firm had revenue of $1.45 million for the quarter, compared to analyst estimates of $1.50 million. Intrusion had a negative return on equity of 129.84% and a negative net margin of 169.48%.

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

• Second-quarter revenue rose 64% sequentially to $1.5 million, helped by the Texas contract, but remained down 22% year over year because of delayed Department of Defense funding.
• The timing of the DOD contract extension remains uncertain, while cash and equivalents were only $0.2 million at quarter-end. Intrusion raised $3.3 million through note financing and expects to pursue additional public or private capital, including its ATM program.
• The VigilAigent acquisition added approximately $3.5 million of annual recurring revenue, more than $350,000 in annualized new business and renewals, potential MSP partnerships, and identified over $3 million in annualized cost synergies.
• Intrusion began recognizing revenue from a $4 million annual Texas contract and is pursuing similar opportunities in other states. Management also expects the PortNexus public-safety channel to begin contributing meaningful revenue in 2027.
• Management said it is targeting a transition to profitability in 2027, with an internal goal of reaching cash-flow positivity as early as the first quarter, although it did not provide a firm quarterly commitment.

Intrusion Price Performance

Intrusion stock traded down $0.13 during mid-day trading on Wednesday, hitting $0.69. 213,896 shares of the company’s stock traded hands, compared to its average volume of 904,980. The firm has a 50 day simple moving average of $0.79 and a two-hundred day simple moving average of $0.88. Intrusion has a fifty-two week low of $0.66 and a fifty-two week high of $2.27. The stock has a market cap of $15.70 million, a price-to-earnings ratio of -1.33 and a beta of -1.57.

Hedge Funds Weigh In On Intrusion

Several large investors have recently modified their holdings of INTZ. Virtu Financial LLC acquired a new stake in shares of Intrusion during the 4th quarter worth about $31,000. Millennium Management LLC bought a new stake in shares of Intrusion during the 3rd quarter worth about $34,000. XTX Topco Ltd acquired a new position in Intrusion in the 4th quarter valued at about $35,000. Jane Street Group LLC acquired a new position in Intrusion in the 4th quarter valued at about $51,000. Finally, State Street Corp raised its holdings 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 during the period. 19.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Ascendiant Capital Markets cut their target price on shares of Intrusion from $10.50 to $9.50 and set a “buy” rating for the company in a research note on Monday, June 8th. Zacks Research raised Intrusion from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings lowered Intrusion from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Intrusion currently has a consensus rating of “Hold” and an average price target of $5.25.

About Intrusion

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.