Quarterly ResultMay 14, 2026, 04:14 PM
Intrusion Q1 Revenue $0.9M (-50%); Net Loss $3.6M
AI Summary
Intrusion Inc. reported Q1 2026 revenue of $0.9 million, a 50% year-over-year decrease, primarily due to delays in a key U.S. government contract. The company posted a net loss of $3.6 million, or $(0.18) per share, an increase in loss compared to the prior year. Despite the challenging quarter, Intrusion secured a $4 million contract with a state government agency and obtained a $3 million secured financing agreement to enhance its liquidity. Management remains optimistic about recovering delayed revenue and achieving profitability by the end of fiscal year 2026.
Key Highlights
- Q1 2026 revenue was $0.9 million, a 50% decrease year-over-year.
- Q1 2026 net loss was $3.6 million, or $(0.18) per share.
- Secured a $4 million contract with a state government agency.
- Entered into a $3 million secured financing agreement to strengthen liquidity.
- Gross profit margin was 74% for Q1 2026.
- Operating expense for Q1 2026 was $4.2 million, up $0.8 million YoY.
- Cash and cash equivalents were $1.4 million as of March 31, 2026.