Intrusion Inc. reported Q2 2024 financial results with revenue of $1.5 million, marking a 29% increase QoQ. The company's operating loss improved by 18% sequentially to $2.0 million, while net loss was $2.1 million or $0.53 per share. Gross profit margin stood at 76%, with operating expenses decreasing to $3.1 million.The company secured a significant government contract for Intrusion Shield technology and consulting services, marking its first large-scale adoption in the government sector. Additionally, Intrusion strengthened its financial position through two financing efforts, raising $2.6 million through a private placement of 1.3 million shares and $0.6 million through a warrant inducement offering.As of June 30, 2024, cash and cash equivalents were $1.5 million. The company appointed Dion Hinchcliffe, an IT and business strategy expert, to its Board of Directors, and management remains focused on driving sales volume and ensuring adequate funding for future operations.

Intrusion Inc. reported Q2 2024 financial results with revenue of $1.5 million, marking a 29% increase QoQ. The company's operating loss improved by 18% sequentially to $2.0 million, while net loss was $2.1 million or $0.53 per share. Gross profit margin stood at 76%, with operating expenses decreasing to $3.1 million.The company secured a significant government contract for Intrusion Shield technology and consulting services, marking its first large-scale adoption in the government sector. Additionally, Intrusion strengthened its financial position through two financing efforts, raising $2.6 million through a private placement of 1.3 million shares and $0.6 million through a warrant inducement offering.As of June 30, 2024, cash and cash equivalents were $1.5 million. The company appointed Dion Hinchcliffe, an IT and business strategy expert, to its Board of Directors, and management remains focused on driving sales volume and ensuring adequate funding for future operations.