Research Reports

Key takeaways

Revenue fell 50.0% to $888.0K from $1.8M due to delayed U.S. government contracts and underutilized resources.

Gross profit declined 50.9% to $659.0K with margin at 74.2%, reflecting product mix shift away from INTRUSION Shield.

Net income deteriorated 69.8% to -$3.6M with diluted EPS at -$0.18 versus -$0.11 prior year.

Operating cash use increased slightly to -$1.8M; free cash flow -$1.9M with reduced $54K capex.

Full analysis

Intrusion Inc. reported challenging Q1 2026 results marked by a 50.0% revenue drop to $888.0K from $1.8M in the prior year, primarily driven by delays in U.S. government contracts. This underutilization of resources to support the delayed U.S. contracts reduced allocations from operating expenses to cost of sales, contributing to the revenue shortfall while pressuring overall profitability.

Government customers remain central, expected to constitute a significant revenue portion despite sales timing variability. The quarter reveals tensions between growth investments and revenue timing risks, positioning Intrusion to navigate contract delays while funding expansion amid tightening liquidity.

INTZ · Intrusion Inc.

Summary

Key takeaways

Full analysis