Sequential Growth and Revenue Improvement
Intrusion, Inc. reported its third consecutive quarter of revenue improvement and a total revenue of $1.7 million for Q4 2024, representing an 11% increase sequentially and a 23% increase year-over-year.
Financial Stability and Debt Elimination
The company is virtually debt-free, has eliminated the Series A preferred stock, and has enough cash to fund operations through fiscal year 2025 and beyond, eliminating the need for further capital raises.
New Product Launches
Intrusion launched the Intrusion Shield Command Hub and Shield Sentinel, expanding their product portfolio with AI-driven insights and high-performance capabilities for large enterprises.
Regained NASDAQ Compliance
Intrusion has regained compliance with NASDAQ's $1 minimum bid price requirement due to recent share price improvements.
Improved Net Loss
The net loss for the full year 2024 was $7.8 million, a $6.1 million or 44% improvement from the prior year, driven by reduced operating expenses and lower interest expenses.