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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.


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 | 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 | February 21, 2017
Site: globenewswire.com

RICHARDSON, Texas, Feb. 21, 2017 (GLOBE NEWSWIRE) -- Intrusion Inc. (OTCQB:INTZ), (“Intrusion”) today announced financial results for the quarter and year ended December 31, 2016. Intrusion’s net loss for the fourth quarter 2016 was $0.3 million, compared to a net loss of $0.5 million for the fourth quarter 2015.  Net loss for the year 2016 was $1.6 million, compared to a net loss of $1.2 million for 2015. Revenue for the fourth quarter 2016 was $1.4 million, compared to $1.5 million in the fourth quarter 2015.  Revenue for the year 2016 was $6.1 million, compared to $6.8 million in 2015. Gross profit margin increased to 65% of revenue in the fourth quarter of 2016, compared to 63% of revenue in the fourth quarter 2015.  For the year, the gross profit margin increased to 64%, compared to 63% in 2015. Intrusion’s fourth quarter 2016 operating expenses were $1.2 million, compared to $1.4 million in the fourth quarter 2015. For the year 2016, operating expenses were $5.3 million, compared to $5.4 million in 2015. As of December 31, 2016, Intrusion reported cash and cash equivalents of $0.1 million, a working capital deficiency of $0.8 million, and debt of $3.1 million.   As of December 31, 2015, Intrusion reported cash and cash equivalents of $0.1 million, working capital deficiency of $0.8 million and debt of $1.9 million. “We booked $1.3 million of orders in the fourth quarter 2016,” stated G. Ward Paxton, Chairman, President and CEO of Intrusion.  “Federal Government business in the fourth quarter was reduced due to the approval delay of the 2017 Federal Budget.  The government is operating under a Continued Resolution whereby existing projects can be funded up to the level of the previous year and new projects are delayed until the budget is approved.  Since Intrusion has heavy focus on new projects, these delays have impacted us significantly.  On the other hand, the number of new projects in our pipeline has grown.  In spite of the Continued Resolution problem with the Federal Government business, we booked $0.8 million of orders in January 2017,” Paxton concluded. 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., CST 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., CST until February 28, 2017 by calling 1-855-859-2056 or 1-404-537-3406.  At the replay prompt, enter conference identification number 72178892. 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. 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.”

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