Intrusion Inc. reported Q3 2024 revenue of $1.5 million, up 2% year-over-year, with a net loss of $2.1 million compared to $3.2 million in Q3 2023. Gross profit remained stable at $1.2 million. The company saw INTRUSION Shield revenues increase 49% over Q2 2024, offsetting the loss of a large early customer.Operating expenses decreased 17% to $3.2 million due to cost reduction measures implemented in March 2023. Sales and marketing expenses fell 11% to $1.2 million, while research and development costs remained flat at $1.2 million. General and administrative expenses dropped 36% to $0.8 million.As of September 30, 2024, Intrusion had $1.1 million in cash and a working capital deficit of $1.0 million. The company plans to continue funding operations through ATM sales and equity financings. Management noted that if unable to raise adequate funds, Intrusion may be unable to implement its business plan or continue operations.

Intrusion Inc. reported Q3 2024 revenue of $1.5 million, up 2% year-over-year, with a net loss of $2.1 million compared to $3.2 million in Q3 2023. Gross profit remained stable at $1.2 million. The company saw INTRUSION Shield revenues increase 49% over Q2 2024, offsetting the loss of a large early customer.Operating expenses decreased 17% to $3.2 million due to cost reduction measures implemented in March 2023. Sales and marketing expenses fell 11% to $1.2 million, while research and development costs remained flat at $1.2 million. General and administrative expenses dropped 36% to $0.8 million.As of September 30, 2024, Intrusion had $1.1 million in cash and a working capital deficit of $1.0 million. The company plans to continue funding operations through ATM sales and equity financings. Management noted that if unable to raise adequate funds, Intrusion may be unable to implement its business plan or continue operations.