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The acquisitions took place on June 28, 2024, and December 31, 2024, each involving the purchase of 250 shares. Following these transactions, Anthony now holds a total of 653,781 shares directly. These transactions reflect Anthony's continued investment in the company, as noted in the accompanying footnotes of the SEC filing. InvestingPro subscribers can access 15+ additional insights about INTZ, including detailed analysis of its financial health, profitability metrics, and growth potential through comprehensive Pro Research Reports. InvestingPro subscribers can access 15+ additional insights about INTZ, including detailed analysis of its financial health, profitability metrics, and growth potential through comprehensive Pro Research Reports.
The acquisitions took place on June 28, 2024, and December 31, 2024, each involving the purchase of 250 shares. Following these transactions, Anthony now holds a total of 653,781 shares directly. These transactions reflect Anthony's continued investment in the company, as noted in the accompanying footnotes of the SEC filing.
In other recent news, Intrusion Inc. secured $7.5 million in a direct offering and executed equity restructuring transactions with Streeterville Capital, LLC, swapping Series A Preferred Shares for common stock. This aligns with the company's strategic financial objectives and is expected to sustain its operations through 2025. The company also extended its Warrant Exercise Inducement Program through December 27, 2024, to encourage the exercise of warrants issued on various dates.
Intrusion Inc. reported its second quarter of revenue growth, reaching $1.5 million, a 3% sequential increase. This growth is largely attributed to the company's Shield product line, which saw a 49% sequential revenue increase due to a new $2 million contract with the U.S. Department of Defense. Despite a slight decrease in consulting revenue and an overall net loss, the company's net loss improved from $3.2 million to $2.1 million year-over-year.
These recent developments highlight Intrusion Inc.'s ongoing efforts to manage its capital structure, stimulate growth, and provide value to its shareholders. The company's future expectations were not explicitly stated, but these actions suggest a focus on financial restructuring and revenue growth.
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