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PLANO, Texas - Cybersecurity company Intrusion Inc. (NASDAQ:INTZ), currently valued at $37 million in market capitalization, has secured approximately $3 million in additional funding under an existing contract with the U.S. Department of Defense, the company announced Tuesday. According to InvestingPro data, the company maintains a strong balance sheet with more cash than debt.
The expanded funding will support ongoing research, OT Defender, Shield, and analytical services, as well as accelerate the deployment of new monitoring technologies focused on protecting critical infrastructure. The company has demonstrated impressive gross profit margins of nearly 76%, according to recent financial data.
"This award underscores the trust the Department of Defense places in Intrusion to deliver next-generation cyber intelligence tools," said Tony Scott, CEO of Intrusion Inc.
The funding builds upon Intrusion’s existing partnership with the Department of Defense, enabling the company to continue providing data-driven insights that inform threat mitigation strategies across multiple domains.
Intrusion specializes in advanced threat intelligence through its proprietary database TraceCop, which catalogs historical behavior and reputational risk of IP addresses, domain names, and hostnames. The company’s Intrusion Shield platform is designed to detect and prevent network threats in real time. For detailed insights into Intrusion’s financial health and growth prospects, including 13 additional exclusive ProTips, visit InvestingPro.
The announcement comes as government agencies continue to strengthen cybersecurity measures for critical infrastructure protection. The additional funding reflects the government’s continued confidence in the company’s capabilities, according to the press release statement.
Based in Plano, Texas, Intrusion Inc. trades on the Nasdaq under the ticker symbol INTZ. The stock currently trades near InvestingPro’s Fair Value estimate, with analysts projecting 33% revenue growth for the current fiscal year. The company maintains a healthy current ratio of 3.97, indicating strong short-term liquidity.
In other recent news, Intrusion Inc. reported a notable 57% year-over-year increase in revenue for Q1 2025, reaching $1.8 million. Despite this impressive revenue growth, the company experienced a net loss of $2.1 million, or $0.11 per share. In terms of analyst activity, Ascendiant Capital raised its price target for Intrusion to $11 from $10, maintaining a Buy rating. Analyst Edward Woo highlighted the potential for growth and compelling company valuation as reasons for this positive outlook. Meanwhile, H.C. Wainwright also adjusted its price target for Intrusion, increasing it to $2.50 from $1.50, while maintaining a Neutral rating. This adjustment was attributed to Intrusion’s consistent revenue growth over four consecutive quarters, despite challenges from losing a significant Shield contract. These recent developments indicate a dynamic period for Intrusion as it navigates financial challenges and growth opportunities.
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