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News Article | May 15, 2017
Site: globenewswire.com

RICHARDSON, Texas, May 15, 2017 (GLOBE NEWSWIRE) -- Intrusion Inc. (OTCQB:INTZ), (“Intrusion”) today announced financial results for the quarter ended March 31, 2017. Intrusion’s net loss was $351 thousand in the first quarter 2017, compared to net loss of $544 thousand for the first quarter 2016. Revenue for the first quarter 2017 was $1.56 million, compared to $1.51 million for the first quarter 2016. Gross profit margin was 63% of revenue in the first quarter 2017; compared to 64% in the first quarter 2016. Intrusion’s first quarter 2017 operating expenses were $1.28 million; compared to $1.48 million in the first quarter 2016. As of March 31, 2017, Intrusion reported cash and cash equivalents of $0.2 million, a working capital deficiency of $0.6 million and debt of $3.6 million. “We booked $2.3 million of orders in the first four months of 2017 consistent with the $2.3 million of orders in the first four months of 2016.  Gross profit as a percent of revenue was 63% in the first quarter of 2017, slightly below our goal of 65%, due to product mix.  Our top priority in 2017 is to increase sales.  We have significantly increased our sales pipeline from new potential customers.  At this time, our pipeline of TraceCop business includes fourteen new customers and five existing customers.  Our pipeline of Savant business includes nine new customers and two existing customers,” stated G. Ward Paxton, President and CEO of Intrusion. Intrusion’s management will host its regularly scheduled quarterly conference call to discuss the Company’s financial and operational progress at 4:00 P.M., CDT today.  Interested investors can access the call at 1-877-258-4925 (if outside the United States, 1-973-500-2152).  For those unable to participate in the live conference call, a replay will be accessible beginning today at 7:00 P.M., CDT until May 22, 2017 by calling 1-855-859-2056 (if outside the United States, 1-404-537-3406).  At the replay prompt, enter conference identification number 21215585.  Additionally, a live and archived audio webcast of the conference call will be available at www.intrusion.com. Intrusion Inc. is a global provider of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products.  Intrusion’s product families include TraceCop™ for identity discovery and disclosure, Savant™ for network data mining and advanced persistent threat detection.  Intrusion’s products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks.  For more information, please visit www.intrusion.com. We develop, market and support a family of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products. This release may contain certain forward-looking statements, which reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements involve a number of risks and uncertainties.  Such statements include, without limitations, statements regarding future revenue growth and profitability, the difficulties in forecasting future sales caused by current economic and market conditions, the effects of sales and implementation cycles for our products on our quarterly results and difficulties in accurately estimating market growth, the effect of military actions on government and corporate spending on information security products, spending patterns of, and appropriations to, U.S. government departments, as well as other statements.  These statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements.  The factors that could cause actual results to differ materially from expectations are detailed in the Company's most recent reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.”


News Article | May 15, 2017
Site: globenewswire.com

RICHARDSON, Texas, May 15, 2017 (GLOBE NEWSWIRE) -- Intrusion Inc. (OTCQB:INTZ), (“Intrusion”) today announced financial results for the quarter ended March 31, 2017. Intrusion’s net loss was $351 thousand in the first quarter 2017, compared to net loss of $544 thousand for the first quarter 2016. Revenue for the first quarter 2017 was $1.56 million, compared to $1.51 million for the first quarter 2016. Gross profit margin was 63% of revenue in the first quarter 2017; compared to 64% in the first quarter 2016. Intrusion’s first quarter 2017 operating expenses were $1.28 million; compared to $1.48 million in the first quarter 2016. As of March 31, 2017, Intrusion reported cash and cash equivalents of $0.2 million, a working capital deficiency of $0.6 million and debt of $3.6 million. “We booked $2.3 million of orders in the first four months of 2017 consistent with the $2.3 million of orders in the first four months of 2016.  Gross profit as a percent of revenue was 63% in the first quarter of 2017, slightly below our goal of 65%, due to product mix.  Our top priority in 2017 is to increase sales.  We have significantly increased our sales pipeline from new potential customers.  At this time, our pipeline of TraceCop business includes fourteen new customers and five existing customers.  Our pipeline of Savant business includes nine new customers and two existing customers,” stated G. Ward Paxton, President and CEO of Intrusion. Intrusion’s management will host its regularly scheduled quarterly conference call to discuss the Company’s financial and operational progress at 4:00 P.M., CDT today.  Interested investors can access the call at 1-877-258-4925 (if outside the United States, 1-973-500-2152).  For those unable to participate in the live conference call, a replay will be accessible beginning today at 7:00 P.M., CDT until May 22, 2017 by calling 1-855-859-2056 (if outside the United States, 1-404-537-3406).  At the replay prompt, enter conference identification number 21215585.  Additionally, a live and archived audio webcast of the conference call will be available at www.intrusion.com. Intrusion Inc. is a global provider of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products.  Intrusion’s product families include TraceCop™ for identity discovery and disclosure, Savant™ for network data mining and advanced persistent threat detection.  Intrusion’s products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks.  For more information, please visit www.intrusion.com. We develop, market and support a family of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products. This release may contain certain forward-looking statements, which reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements involve a number of risks and uncertainties.  Such statements include, without limitations, statements regarding future revenue growth and profitability, the difficulties in forecasting future sales caused by current economic and market conditions, the effects of sales and implementation cycles for our products on our quarterly results and difficulties in accurately estimating market growth, the effect of military actions on government and corporate spending on information security products, spending patterns of, and appropriations to, U.S. government departments, as well as other statements.  These statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements.  The factors that could cause actual results to differ materially from expectations are detailed in the Company's most recent reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.”


News Article | May 15, 2017
Site: globenewswire.com

RICHARDSON, Texas, May 15, 2017 (GLOBE NEWSWIRE) -- Intrusion Inc. (OTCQB:INTZ), (“Intrusion”) today announced financial results for the quarter ended March 31, 2017. Intrusion’s net loss was $351 thousand in the first quarter 2017, compared to net loss of $544 thousand for the first quarter 2016. Revenue for the first quarter 2017 was $1.56 million, compared to $1.51 million for the first quarter 2016. Gross profit margin was 63% of revenue in the first quarter 2017; compared to 64% in the first quarter 2016. Intrusion’s first quarter 2017 operating expenses were $1.28 million; compared to $1.48 million in the first quarter 2016. As of March 31, 2017, Intrusion reported cash and cash equivalents of $0.2 million, a working capital deficiency of $0.6 million and debt of $3.6 million. “We booked $2.3 million of orders in the first four months of 2017 consistent with the $2.3 million of orders in the first four months of 2016.  Gross profit as a percent of revenue was 63% in the first quarter of 2017, slightly below our goal of 65%, due to product mix.  Our top priority in 2017 is to increase sales.  We have significantly increased our sales pipeline from new potential customers.  At this time, our pipeline of TraceCop business includes fourteen new customers and five existing customers.  Our pipeline of Savant business includes nine new customers and two existing customers,” stated G. Ward Paxton, President and CEO of Intrusion. Intrusion’s management will host its regularly scheduled quarterly conference call to discuss the Company’s financial and operational progress at 4:00 P.M., CDT today.  Interested investors can access the call at 1-877-258-4925 (if outside the United States, 1-973-500-2152).  For those unable to participate in the live conference call, a replay will be accessible beginning today at 7:00 P.M., CDT until May 22, 2017 by calling 1-855-859-2056 (if outside the United States, 1-404-537-3406).  At the replay prompt, enter conference identification number 21215585.  Additionally, a live and archived audio webcast of the conference call will be available at www.intrusion.com. Intrusion Inc. is a global provider of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products.  Intrusion’s product families include TraceCop™ for identity discovery and disclosure, Savant™ for network data mining and advanced persistent threat detection.  Intrusion’s products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks.  For more information, please visit www.intrusion.com. We develop, market and support a family of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products. This release may contain certain forward-looking statements, which reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements involve a number of risks and uncertainties.  Such statements include, without limitations, statements regarding future revenue growth and profitability, the difficulties in forecasting future sales caused by current economic and market conditions, the effects of sales and implementation cycles for our products on our quarterly results and difficulties in accurately estimating market growth, the effect of military actions on government and corporate spending on information security products, spending patterns of, and appropriations to, U.S. government departments, as well as other statements.  These statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements.  The factors that could cause actual results to differ materially from expectations are detailed in the Company's most recent reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.”


News Article | August 10, 2017
Site: globenewswire.com

RICHARDSON, Texas, Aug. 10, 2017 (GLOBE NEWSWIRE) -- Intrusion Inc. (OTCQB:INTZ), (“Intrusion”) will announce second quarter 2017 financial results on Monday, August 14, 2017.  The press release will be published over the wire services after the market closes.  The release will also be available on the company’s web site at www.intrusion.com.  Intrusion management will review the Company’s financial and operational progress for the second quarter 2017 during a conference call later that day at 4:00 P.M., CDT. Interested investors can access the call at 1-877-258-4925 at 4:00 P.M., CDT.  For those unable to participate in the live conference call, a replay will be accessible beginning August 14, 2017 at approximately 7:00 P.M., CDT until August 21, 2017 by calling 1-855-859-2056 (if outside the United States, 1-404-537-3406).  At the replay prompt, enter conference identification number 69394142.  In addition, a live and archived audio webcast of the conference call will be available at www.intrusion.com. Intrusion Inc. is a global provider of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products.  Intrusion’s product families include TraceCop™ for identity discovery and disclosure, and Savant™ for network data mining and advanced persistent threat detection.  Intrusion’s products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks.  For more information, please visit www.intrusion.com. We develop, market and support a family of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products.


News Article | August 14, 2017
Site: globenewswire.com

RICHARDSON, Texas, Aug. 14, 2017 (GLOBE NEWSWIRE) -- Intrusion Inc. (OTCQB:INTZ), (“Intrusion”) announced today financial results for the three and six months ended June 30, 2017. Intrusion’s net loss was $438 thousand in the second quarter 2017, compared to net loss of $387 thousand in the second quarter 2016 and $351 thousand in the first quarter 2017. Revenue for the second quarter 2017 was $1.5 million compared to $1.6 million in the second quarter 2016 and $1.6 million in the first quarter 2017. Gross profit margin decreased to 59 percent of revenue in the second quarter of 2017 compared to 67 percent in the second quarter 2016 and 63 percent in the first quarter 2017.  The decrease in gross profit margin in the second quarter 2017 is related to changes in product mix. Intrusion’s second quarter 2017 operating expenses were $1.3 million compared to $1.4 million in the second quarter 2016 and $1.3 million in the first quarter 2017. As of June 30, 2017, Intrusion reported cash and cash equivalents of $0.4 million, a working capital deficiency of $1.4 million and debt of $3.0 million. On July 7, 2017, the Company entered into a 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.  The net proceeds from the sale of these intellectual property assets was in the amount of $871,629 which the Company received on August 9, 2017.  The receipt of this cash asset had an immediate positive impact on the Company's liquidity position. “We booked $3.9 million of orders in the first half of 2017 compared to $2.4 million in the first half of 2016, a 61% increase.  Included in the 2017 orders were $0.3 million of initial orders from three new customers with the balance coming from five existing customers.  Both new and existing customers that placed first half orders are expected to order additional products and services during the second half of 2017.  In addition, we have seventeen potential new customers that are currently in our TraceCop order pipeline and five new customers in our Savant pipeline.  The increased sales thrust we have now for our TraceCop products and services has resulted in increased numbers in our orders pipeline which we expect to drive our revenue,” stated G. Ward Paxton, President and CEO of Intrusion. Intrusion’s management will host its regularly scheduled quarterly conference call to discuss the Company’s financial and operational progress at 4:00 P.M., CDT today.  Interested investors can access the call at 1-877-258-4925.  For those unable to participate in the live conference call, a replay will be accessible beginning today at 7:00 P.M., CDT until August 21, 2017 by calling 1-855-859-2056.  At the replay prompt, enter conference identification number 69394142.  Additionally, a live and archived audio webcast of the conference call will be available at www.intrusion.com. Intrusion Inc. is a global provider of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products.  Intrusion’s product families include TraceCop™ for identity discovery and disclosure, and Savant™ for network data mining and advanced persistent threat detection.  Intrusion’s products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks.  For more information, please visit www.intrusion.com. We develop, market and support a family of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products. This release may contain certain forward-looking statements, which reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements involve a number of risks and uncertainties.  Such statements include, without limitations, statements regarding future revenue growth and profitability, the difficulties in forecasting future sales caused by current economic and market conditions, the effects of sales and implementation cycles for our products on our quarterly results and difficulties in accurately estimating market growth, the effect of military actions on government and corporate spending on information security products, spending patterns of, and appropriations to, U.S. government departments, as well as other statements.  These statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements.  The factors that could cause actual results to differ materially from expectations are detailed in the Company's most recent reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.”


News Article | May 11, 2017
Site: globenewswire.com

RICHARDSON, Texas, May 11, 2017 (GLOBE NEWSWIRE) -- Intrusion Inc. (OTCQB:INTZ), (“Intrusion”) will announce first quarter 2017 financial results on Monday, May 15, 2017.  The press release will be published over the wire services after the market closes.  The release will also be available on the company’s web site at www.intrusion.com.  Intrusion management will review the Company’s financial and operational progress for the first quarter 2017 during a conference call later that day at 4:00 P.M., CDT. Interested investors can access the call at 1-877-258-4925 (outside the United States, please dial 1-973-500-2152) at 4:00 P.M., CDT.  For those unable to participate in the live conference call, a replay will be accessible beginning May 15, 2017 at approximately 7:00 P.M., CDT until May 22, 2017 by calling 1-855-859-2056 (if outside the United States, 1-404-537-3406).  At the replay prompt, enter conference identification number 21215585.  In addition, a live and archived audio webcast of the conference call will be available at www.intrusion.com. Intrusion Inc. is a global provider of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products.  Intrusion’s product families include TraceCop™ for identity discovery and disclosure, and Savant™ for network data mining and advanced persistent threat detection.  Intrusion’s products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks.  For more information, please visit www.intrusion.com.


News Article | May 11, 2017
Site: globenewswire.com

RICHARDSON, Texas, May 11, 2017 (GLOBE NEWSWIRE) -- Intrusion Inc. (OTCQB:INTZ), (“Intrusion”) will announce first quarter 2017 financial results on Monday, May 15, 2017.  The press release will be published over the wire services after the market closes.  The release will also be available on the company’s web site at www.intrusion.com.  Intrusion management will review the Company’s financial and operational progress for the first quarter 2017 during a conference call later that day at 4:00 P.M., CDT. Interested investors can access the call at 1-877-258-4925 (outside the United States, please dial 1-973-500-2152) at 4:00 P.M., CDT.  For those unable to participate in the live conference call, a replay will be accessible beginning May 15, 2017 at approximately 7:00 P.M., CDT until May 22, 2017 by calling 1-855-859-2056 (if outside the United States, 1-404-537-3406).  At the replay prompt, enter conference identification number 21215585.  In addition, a live and archived audio webcast of the conference call will be available at www.intrusion.com. Intrusion Inc. is a global provider of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products.  Intrusion’s product families include TraceCop™ for identity discovery and disclosure, and Savant™ for network data mining and advanced persistent threat detection.  Intrusion’s products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks.  For more information, please visit www.intrusion.com.


News Article | May 11, 2017
Site: globenewswire.com

RICHARDSON, Texas, May 11, 2017 (GLOBE NEWSWIRE) -- Intrusion Inc. (OTCQB:INTZ), (“Intrusion”) will announce first quarter 2017 financial results on Monday, May 15, 2017.  The press release will be published over the wire services after the market closes.  The release will also be available on the company’s web site at www.intrusion.com.  Intrusion management will review the Company’s financial and operational progress for the first quarter 2017 during a conference call later that day at 4:00 P.M., CDT. Interested investors can access the call at 1-877-258-4925 (outside the United States, please dial 1-973-500-2152) at 4:00 P.M., CDT.  For those unable to participate in the live conference call, a replay will be accessible beginning May 15, 2017 at approximately 7:00 P.M., CDT until May 22, 2017 by calling 1-855-859-2056 (if outside the United States, 1-404-537-3406).  At the replay prompt, enter conference identification number 21215585.  In addition, a live and archived audio webcast of the conference call will be available at www.intrusion.com. Intrusion Inc. is a global provider of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products.  Intrusion’s product families include TraceCop™ for identity discovery and disclosure, and Savant™ for network data mining and advanced persistent threat detection.  Intrusion’s products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks.  For more information, please visit www.intrusion.com.


News Article | May 11, 2017
Site: globenewswire.com

RICHARDSON, Texas, May 11, 2017 (GLOBE NEWSWIRE) -- Intrusion Inc. (OTCQB:INTZ), (“Intrusion”) will announce first quarter 2017 financial results on Monday, May 15, 2017.  The press release will be published over the wire services after the market closes.  The release will also be available on the company’s web site at www.intrusion.com.  Intrusion management will review the Company’s financial and operational progress for the first quarter 2017 during a conference call later that day at 4:00 P.M., CDT. Interested investors can access the call at 1-877-258-4925 (outside the United States, please dial 1-973-500-2152) at 4:00 P.M., CDT.  For those unable to participate in the live conference call, a replay will be accessible beginning May 15, 2017 at approximately 7:00 P.M., CDT until May 22, 2017 by calling 1-855-859-2056 (if outside the United States, 1-404-537-3406).  At the replay prompt, enter conference identification number 21215585.  In addition, a live and archived audio webcast of the conference call will be available at www.intrusion.com. Intrusion Inc. is a global provider of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products.  Intrusion’s product families include TraceCop™ for identity discovery and disclosure, and Savant™ for network data mining and advanced persistent threat detection.  Intrusion’s products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks.  For more information, please visit www.intrusion.com.


News Article | May 11, 2017
Site: globenewswire.com

RICHARDSON, Texas, May 11, 2017 (GLOBE NEWSWIRE) -- Intrusion Inc. (OTCQB:INTZ), (“Intrusion”) will announce first quarter 2017 financial results on Monday, May 15, 2017.  The press release will be published over the wire services after the market closes.  The release will also be available on the company’s web site at www.intrusion.com.  Intrusion management will review the Company’s financial and operational progress for the first quarter 2017 during a conference call later that day at 4:00 P.M., CDT. Interested investors can access the call at 1-877-258-4925 (outside the United States, please dial 1-973-500-2152) at 4:00 P.M., CDT.  For those unable to participate in the live conference call, a replay will be accessible beginning May 15, 2017 at approximately 7:00 P.M., CDT until May 22, 2017 by calling 1-855-859-2056 (if outside the United States, 1-404-537-3406).  At the replay prompt, enter conference identification number 21215585.  In addition, a live and archived audio webcast of the conference call will be available at www.intrusion.com. Intrusion Inc. is a global provider of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products.  Intrusion’s product families include TraceCop™ for identity discovery and disclosure, and Savant™ for network data mining and advanced persistent threat detection.  Intrusion’s products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks.  For more information, please visit www.intrusion.com.

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