Intrusion Inc. (INTZ – Free Report) incurred a fourth-quarter 2024 loss of 36 cents per share compared with a loss of $1.80 a year ago. The narrower net loss was attributable to lower operating and interest expenses. However, the bottom line was wider than the Zacks Consensus Estimate of a loss of 23 cents.
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Quarterly revenues totaled $1.7 million, up 22.7% year over year and 11% on a sequential basis. The Zacks Consensus Estimate for revenues was pegged at $2 million. The sequential upside was fueled by recent customer acquisitions, including a U.S. Department of Defense contract for Intrusion Shield technology and consulting services.
Further, it augmented its product line with Intrusion Shield Sentinel, a next-generation cybersecurity solution designed for large-scale network environments and Intrusion Shield Command Hub, a cutting-edge AI-powered cybersecurity solution aimed at improving threat detection and response, during the quarter. In addition, the company signed a total of 20 new logos in 2024, highlighting the growing demand for its cybersecurity solutions.
Intrusion Inc. Price, Consensus and EPS Surprise
Intrusion Inc. price-consensus-eps-surprise-chart | Intrusion Inc. Quote
In response to the results, INTZ’s shares declined 9.2%, and the trading session closed at $1.08 on Feb. 27. Shares of the company have lost 71.1% in the past year against the Zacks Computer-Networking industry’s growth of 46.8%.
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Other Details
The gross profit margin was 75%, lower than the 79% reported in the prior-year quarter due to varying product mixes across quarters.
Total operating expenses for the period were $3.2 million, down 8.8% from the previous year quarter.
Operating loss was $1.9 million, narrowing 20% year over year due to lower operating expenses.
Balance Sheet
As of Dec. 31, 2024, INTZ had total cash and cash equivalents of $4.9 million compared with $1.1 million as of Sept. 30, 2024.
INTZ’s Zacks Rank
INTZ currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Companies
Pure Storage (PSTG – Free Report) reported fourth-quarter fiscal 2025 non-GAAP earnings per share (EPS) of 45 cents, which beat the Zacks Consensus Estimate by 7.1%. The company reported non-GAAP EPS of 50 cents in the prior-year quarter.
In the past year, PSTG shares have gained 31%.
Western Digital Corporation (WDC – Free Report) reported second-quarter fiscal 2025 non-GAAP earnings of $1.77 per share, surpassing the Zacks Consensus Estimate of $1.75. The company incurred a loss of 75 cents per share in the prior-year quarter.
Shares of WDC declined 12.1% in the past year.
Quantum Corporation (QMCO – Free Report) reported a third-quarter fiscal 2025 non-GAAP loss of 81 cents per share, wider than the Zacks Consensus Estimate of a loss of 70 cents. The company incurred a loss of $1.79 per share in the year-ago quarter.
Shares of QMCO soared 38.9% in the past year.
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