Intrusion Inc: Drops as quarterly results miss estimates

Intrusion

05/05/2021 12:12

** Information Technology services company's  INTZ.O  shares
drop 22.2% to $3.2, set for worst day in more than four years 
    ** INTZ posts a loss of 22 cents per share for Q1, missing
analysts' avg. estimate of 11 cents per share, according to IBES
Refinitiv data  urn:newsml:reuters.com:*:nGNX3bKV36
    ** Co recorded $1.85 mln rev. in Q1, below analysts' avg.
estimate of $2.58 mln 
    ** Operating expenses rose to $5.1 mln in Q1 from $1.5 mln
in 2020 
    ** Up to Tuesday's close, stock down ~18% YTD 
    

 (Reporting by Shivani Kumaresan in Bengaluru)
 ((Shivani.Kumaresan@thomsonreuters.com; +1 646 223 8780;))