Intrusion Inc. Reports Critically Low Cash, Widening Losses, and Going Concern Warning

summarizeSummary

Intrusion Inc. reported a dire financial situation in its Q2 2026 10-Q, with cash falling to $0.182 million, widening losses, and a reiterated going concern warning, despite recent debt financing and an acquisition.

check_boxKey Events · Earnings and Guidance · INTZ

• Critically Low Cash Position

  Cash and cash equivalents plummeted to $0.182 million as of June 30, 2026, down from $3.624 million at year-end 2025, indicating an acute liquidity crisis.

• Reiterated Going Concern Warning

  The company explicitly stated substantial doubt about its ability to continue as a going concern within one year, citing ongoing losses and negative operating cash flows.

• Widening Net Losses

  Net loss attributable to Intrusion Inc. increased by 27% year-over-year in Q2 2026 to $(2.590) million and by 49% year-to-date to $(6.153) million.

• Continued Revenue Decline

  Revenue for Q2 2026 decreased by 22% year-over-year to $1.453 million, and year-to-date revenue fell by 36% to $2.341 million, primarily due to delays in a significant U.S. Department of War contract.

auto_awesomeAnalysis · INTZ · Technology

Intrusion Inc. filed its Q2 2026 10-Q, revealing a critically low cash balance of $0.182 million as of June 30, 2026, and reiterating a substantial doubt about its ability to continue as a going concern. The company's net loss widened significantly by 27% in Q2 and 49% year-to-date, alongside a 22% year-over-year revenue decline in Q2. While the company secured new debt totaling $3.3 million in cash proceeds and completed the first stage of the VigilAigent acquisition, these measures are set against a backdrop of severe financial distress and an imminent maturity of a short-term note on August 27, 2026, intensifying liquidity concerns.