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Stock impact report

Intrusion Inc. Reports Revenue of $1.7 Million in the Third Quarter of 2017

Intrusion Inc. (INTZ) 
Company Research Source: GlobeNewswire
RICHARDSON, Texas, Nov. 13, 2017 (GLOBE NEWSWIRE) -- Intrusion Inc. (OTCQB:INTZ), (“Intrusion”) announced today financial results for the three and nine months ended September 30, 2017. Intrusion’s net income was $568 thousand in the third quarter 2017 compared to a net loss of $280 thousand in the third quarter 2016.  Included in the third quarter 2017 net income was $928 thousand of other income, which included $872 thousand from the sale of certain IP addresses that were not currently being used in the Company’s business operations and were not required for the Company’s future business plans. Intrusion’s revenue for the third quarter 2017 was $1.7 million compared to $1.6 million in the third quarter 2016 and $1.6 million for the second quarter 2017. Gross profit was $0.9 million or 56 percent of revenue in the third quarter of 2017 compared to $1.0 million or 62 percent of revenue in the third quarter 2016 and $0.9 million or 59% of revenue in the second quarter 2017.  The r Show less Read more
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