Intrusion ( (INTZ) ) has released its Q4 earnings. Here is a breakdown of the information Intrusion presented to its investors.
Intrusion Inc., a cybersecurity company based in Plano, Texas, specializes in cyberattack prevention solutions and offers a unique threat intelligence database for enhanced network security. The company recently reported its financial results for the fourth quarter and full year of 2024, highlighting significant improvements in its balance sheet and strategic expansions in its product offerings. Intrusion introduced new products like the Intrusion Shield Sentinel and Command Hub, and secured 20 new customers, including a major contract with the U.S. Department of Defense, contributing to its third consecutive quarter of revenue growth. The company’s revenue for the fourth quarter of 2024 increased by 11% sequentially, reaching $1.7 million, while the full-year revenue rose to $5.8 million. Despite a net loss of $2.0 million in the fourth quarter, this marked an improvement from the previous year due to reduced operating expenses and interest costs. Looking forward, Intrusion is optimistic about its growth prospects in 2025, driven by a growing customer base and increased demand for cybersecurity solutions.