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Stock impact report

Intrusion, Inc. Reports Second Quarter of Fiscal 2022 Results

Intrusion Inc. (INTZ) 
Company Research Source: Accesswire
New Intrusion Shield Product Development Remains on TrackPLANO, TX / ACCESSWIRE / August 4, 2022 / Intrusion Inc. (NASDAQ:INTZ), a leader in cyberattack prevention solutions, announced today financial results for the second quarter of fiscal year 2022.Recent Financial & Business Highlights:Second quarter revenue of $2.1 million was up $0.2 million or 12% sequentially and up $0.1 million or 5% year-over-year.Intrusion Shield revenue increased 69% sequentially, 139% year-over-year, and represented approximately 16% of total revenue in the quarter.New product development remains on track with the Shield cloud product and end-point solution reaching demo capabilities in the second quarter.The Company improved its financial flexibility with the closing of an additional $5.4 million in unsecured notes on June 29, 2022."We are pleased with the positive momentum in the quarter as we near the general availability of our new and innovative products, and we continue to realize the benefits of ou Show less Read more
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