Intrusion Q2 Revenue Jumps 64% Sequentially, But Cash Dwindles to $0.2M
INTZ is trading near its 52-week low of $0.66 (11% above the low) on light trading volume (0.1× avg).
Summary
Intrusion reported Q2 revenue of $1.5M, up 64% sequentially, but cash fell to $0.2M, intensifying the urgency of the upcoming shareholder vote on the VigilAigent-related share issuance.
Key Events · Earnings and Guidance · INTZ
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Q2 Revenue Rebounds 64% Sequentially
Revenue reached $1.5M, up from $0.9M in Q1 2026, driven by the VigilAigent acquisition and a new $4M annual contract with the state of Texas.
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Cash Plummets to $0.2M
Cash and cash equivalents fell from $3.6M at year-end 2025 to $0.2M as of June 30, 2026, leaving the company with minimal liquidity.
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Net Loss Widens to $2.6M
Q2 net loss was $2.6M ($0.13/share), compared to $2.0M ($0.10/share) a year ago, as operating expenses remained elevated at $3.4M.
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VigilAigent Synergies Identified
Management identified over $3M in annualized cost synergies from the VigilAigent integration, which could accelerate the path to profitability.
Analysis · INTZ · Technology
A sharp sequential revenue rebound to $1.5M highlights Intrusion's Q2, fueled by the VigilAigent acquisition and a new $4M state contract. Yet the company burned through most of its cash, ending the quarter with just $0.2M. With a going-concern warning already in place and a shareholder vote on a highly dilutive share issuance set for August 27, the cash position makes the upcoming proxy vote existential. The revenue growth and cost synergy announcements may bolster the case for the deal, but the liquidity crisis is now acute.
At the time of this filing, INTZ was trading at $0.73 on NASDAQ in the Technology sector, with a market capitalization of approximately $18.6M. The 52-week trading range was $0.66 to $2.27. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.