Intrusion Earnings Call Transcripts
Fiscal Year 2025
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Revenue grew 23% in 2025, but Q4 was impacted by a delayed government contract, resulting in a net loss increase. Strategic investments in sales, marketing, and product development position the company for break-even operations by Q3 2026, pending timely contract awards.
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Q3 2025 revenue grew 31% year-over-year to $2.0M, driven by DoD contracts and strong demand for Shield and consulting services. Shield Cloud launched on AWS, with Azure launch imminent, and liquidity increased to $7.5M post-quarter. Growth expected in both government and commercial sectors.
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The company highlighted its unique, reputation-based cybersecurity platform, recent debt-free status, and strong revenue growth, with a focus on expanding from government to commercial markets. Plans include marketplace launches, technology licensing, and a robust product roadmap.
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The meeting covered board elections, auditor selection, and executive compensation, all of which were approved by stockholders. No questions were submitted, and final voting results will be filed in a Form 8-K.
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Q2 2025 saw 6% sequential and 28% year-over-year revenue growth, driven by new contracts and strong demand in critical infrastructure and government sectors. Gross margin remained strong at 76%, with net loss improving to $2 million. Liquidity is sufficient for operations into 2026.
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First quarter 2025 revenue grew 6% sequentially and 57% year-over-year, driven by new contracts and strong demand, especially from government clients. The company improved its balance sheet, eliminated debt, and expects further growth from new product launches and partnerships.
Fiscal Year 2024
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Sequential revenue growth continued in Q4 2024, with improved margins and a strengthened balance sheet after eliminating debt and preferred stock. The business is shifting focus to larger deals, product innovation, and accelerated growth, supported by robust cash reserves and regained NASDAQ compliance.
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Sequential revenue growth continued in Q3 2024, driven by new Shield customers and a major Department of Defense contract. Gross margin remained strong at 77%, and net loss improved year-over-year, with a robust pipeline and ongoing cost controls supporting a positive outlook.
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Q3 saw strong Shield revenue growth, new customer wins, and no churn, with improved gross margin and cost savings. Expansion in the South Pacific and a $2M DoD contract are driving pipeline growth, while product enhancements and scalable operations support future profitability.
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The company is shifting from government consulting to a SaaS-based cybersecurity model, leveraging a proprietary threat intelligence database and automated tools to address rising, sophisticated cyber threats. Recurring revenue from SaaS is expected to drive future growth.
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Q2 2024 revenue rose 29% sequentially to $1.5M, driven by new government and Philippines contracts, with near-zero churn and a strong pipeline. Gross margin was 76%, and net loss improved year-over-year. Flexible new financing and a subsidiary in the Philippines support future growth.