Intrusion Q2 Revenue Misses Estimates by 21%, Cash Drops 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's Q2 revenue came in at $1.45M, missing the $1.83M consensus and down 22% year-over-year, though up 64% sequentially from a very weak Q1. Net loss widened to $2.6M, and cash dwindled to just $0.2M, intensifying the urgency of the upcoming shareholder vote on the dilutive VigilAigent acquisition. The company blamed government contract delays for the continued top-line pressure. On the positive side, the VigilAigent deal has closed, adding $3.5M in annual recurring revenue and identified cost synergies, with management guiding for steady improvement in H2 and profitability in fiscal 2027. The August 27 shareholder meeting on the acquisition financing is now a critical catalyst given the cash position.
At the time of this announcement, 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 news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.