Intrusion Q1 revenue falls on contract delay

Intrusion

14/05/2026 21:17

Overview

Cyberattack prevention firm's Q1 revenue fell 50% yr/yr, impacted by delayed government contract

Net loss for Q1 widened to $3.6 mln, or $(0.18) per share

Company secured $4 mln contract and entered $3 mln financing to strengthen liquidity

Outlook

Company expects to recover delayed contract revenue in future periods as federal funding resumes

Company expects to achieve profitability by the end of fiscal 2026

Result Drivers

CONTRACT DELAYS - Q1 revenue was primarily impacted by delayed extension of a key U.S. government contract due to federal funding and procurement issues, per CEO Tony Scott

Company press release: ID:nACSl5RKWa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$888,000
$2.03 mln (2 Analysts)
Q1 Net Income
-$3.56 mln
Q1 Gross Margin
74.00%
Q1 Gross Profit
$659,000
Q1 Operating Income
-$3.57 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Intrusion Inc is $5.75, about 653.6% above its May 13 closing price of $0.76

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)