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Intrusion (NASDAQ:INTZ) Releases Earnings Results, Misses Estimates By $0.03 EPS
['Logan Wallace']
Ticker Report
The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.03), FiscalAI reports.
The firm had revenue of $1.45 million for the quarter, compared to analyst estimates of $1.50 million.
Intrusion raised $3.3 million through note financing and expects to pursue additional public or private capital, including its ATM program.
Intrusion began recognizing revenue from a $4 million annual Texas contract and is pursuing similar opportunities in other states.
Zacks Research raised Intrusion from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th.