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Stock impact report

Intrusion Q3 Loss Narrows on 31% Top-Line Growth, Meets Estimates [Yahoo! Finance]

Intrusion Inc. (INTZ) 
Company Research Source: Yahoo! Finance
The bottom line matched the Zacks Consensus Estimate. Quarterly revenues reached $2 million, marking a 31% increase year over year. The Zacks Consensus Estimate for revenues was pegged at $1.9 million. The upside resulted from rising deal wins with the U.S. Department of Defense, which has harnessed both Shield technology and consulting services. The sequential uptick was driven by new customer wins for its Shield technology and consulting services during the quarter. Recent contract expansion with the U.S. Department of Defense includes the ongoing rollout of its critical infrastructure solutions. Strong momentum for its Shield Endpoint product from its solution partner, PortNexus, as it advances the deployment of the MyFlareAlert platform, bodes well. Management anticipates broad-based uptake of this product in upcoming quarters. Additionally, it has made progress in expanding its potential customer reach with the recent launch of Intrusion Shield Cloud on the AWS Marketplace, w Show less Read more
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