INTRUSION INC

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.

Intrusion Inc. reported Q2 2026 revenue of $1.5 million, marking a 64% sequential increase but a 22% year-over-year decrease, impacted by delays in a key U.S. government contract. The company completed the acquisition of VigilAigent, which is expected to add $3.5 million in annual recurring revenue and identified over $3 million in potential annualized operating cost synergies. Despite a net loss of $2.6 million, Intrusion Inc. remains optimistic about transitioning to profitability in fiscal year 2027, citing improved revenue quality and visibility.

Intrusion Inc. provided a business update highlighting strong operational execution and strategic momentum following its combination with VigilAigent. The company has secured over $350,000 in annualized new business and identified more than $3 million in annualized cost synergies. Intrusion also announced an Investor Technology Day for July 22, 2026, to detail its integrated strategy, product roadmap, and growth initiatives.

Intrusion Inc. announced the acquisition of VigilAigent, a cybersecurity managed security service provider, in a two-stage deal. The first closing involved acquiring 60% of VigilAigent for $1,950,000, paid through a credit, cash, and the issuance of 2,223,549 shares of common stock. The second closing for the remaining 40% will be a $1,300,000 cash payment, contingent on stockholder and regulatory approvals, with potential earn-out consideration up to $6,900,000. This acquisition is expected to add approximately $3.5 million in annual recurring revenue and integrate VigilAigent's AI engine with Intrusion's TraceCop database.

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.

Intrusion Inc. received a notice from NASDAQ on May 7, 2026, stating that its common shares failed to meet the minimum $1.00 bid price requirement for 30 consecutive trading days. The company has 180 calendar days, until November 3, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days. Failure to comply could lead to delisting, though an extension or appeal process is possible. The company plans to monitor its share price and evaluate options.

INTRUSION INC (INTZ) has entered into a Note Purchase Agreement with Streeterville Capital, LLC, securing $3.0 million in cash proceeds. The financing involves a Secured Promissory Note with an original principal amount of $3.23 million, reflecting an original issue discount of $210,000 and $20,000 in transaction expenses. This capital infusion is secured by a first-priority interest in all of the Company's assets and intellectual property, providing crucial liquidity but with notable costs and investor rights. The terms include a 7% annual interest rate, a 24-month maturity, and a significant monitoring fee provision, indicating a potentially expensive form of financing for the company.