Quarterly ResultAug 11, 2026, 05:09 PM
Intrusion Reports Increased Q2 Net Loss; Raises Going Concern Doubt
AI Summary
Intrusion Inc. reported a significant increase in net loss for Q2 2026, reaching $(2.59) million, and a net loss of $(6.15) million for the six months ended June 30, 2026. The company's cash and cash equivalents plummeted to $0.18 million, leading management to express substantial doubt about its ability to continue as a going concern. Despite these challenges, Intrusion completed the initial closing of its acquisition of VigilAigent, a managed security services provider, for $2.0 million, aiming to expand its client base and product offerings.
Key Highlights
- Net loss for Q2 2026 increased to $(2.59) million from $(2.04) million in Q2 2025.
- Net loss for H1 2026 increased to $(6.15) million from $(4.14) million in H1 2025.
- Revenue for Q2 2026 decreased to $1.45 million from $1.87 million in Q2 2025.
- Cash and cash equivalents decreased to $0.18 million as of June 30, 2026, from $3.62 million at year-end 2025.
- Management raised substantial doubt about the company's ability to continue as a going concern.
- Acquired 60% of VigilAigent for $2.0 million, with potential earn-outs up to $6.9 million.
- Secured a $3.2 million promissory note and a $0.4 million short-term note in Q2 2026.
- Net cash used in operating activities for H1 2026 was $(5.41) million, up from $(3.25) million in H1 2025.
Price Impact
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