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Stock impact report

Intrusion, Inc. Reports First Quarter of Fiscal 2022 Results

Intrusion Inc. (INTZ) 
Company Research Source: Accesswire
INTRUSION Shield Product Development Remains on Schedule for Second Half 2022 DeploymentPLANO, TX / ACCESSWIRE / May 12, 2022 / Intrusion Inc. (NASDAQ:INTZ), a leader in cyberattack prevention solutions, announced today financial results for the first quarter of fiscal year 2022.Recent Financial & Business Highlights:First quarter revenue of $1.8 million was up $0.2 million sequentially and flat year-over-year.INTRUSION Shield revenue increased 7% sequentially and represented approximately 12% of total revenue in the quarter.New product development remains on track with planned cloud and end-point solutions products reaching demo capability in the second quarter and will be ready to launch in the second half of 2022.The Company improved its financial flexibility with the closing of the recent unsecured note offering on March 10, 2022."We continue to make the planned progress on our strategy and the many initiatives that define our transformation," said Tony Scott, CEO of Intrusion. "T Show less Read more
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