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According to a new notice received on January 29, 2025, Intrusion’s stock price has closed at $1.00 per share or higher for 20 consecutive business days, from December 27, 2024, through January 28, 2025. This recovery in stock price has brought Intrusion back into compliance with Nasdaq’s listing rules.Intrusion Inc, incorporated in Delaware and with a fiscal year ending on December 31, has its principal executive offices located at 101 East Park Blvd, Suite 1200, Plano, Texas. InvestingPro’s Financial Health analysis indicates a WEAK overall score, suggesting investors should carefully monitor the company’s fundamentals. The company’s compliance with the Nasdaq minimum bid price requirement ensures its continued listing on the exchange, providing stability for its shareholders and potential investors.
According to a new notice received on January 29, 2025, Intrusion’s stock price has closed at $1.00 per share or higher for 20 consecutive business days, from December 27, 2024, through January 28, 2025. This recovery in stock price has brought Intrusion back into compliance with Nasdaq’s listing rules.Intrusion Inc, incorporated in Delaware and with a fiscal year ending on December 31, has its principal executive offices located at 101 East Park Blvd, Suite 1200, Plano, Texas. InvestingPro’s Financial Health analysis indicates a WEAK overall score, suggesting investors should carefully monitor the company’s fundamentals. The company’s compliance with the Nasdaq minimum bid price requirement ensures its continued listing on the exchange, providing stability for its shareholders and potential investors.
According to a new notice received on January 29, 2025, Intrusion’s stock price has closed at $1.00 per share or higher for 20 consecutive business days, from December 27, 2024, through January 28, 2025. This recovery in stock price has brought Intrusion back into compliance with Nasdaq’s listing rules.
Intrusion Inc, incorporated in Delaware and with a fiscal year ending on December 31, has its principal executive offices located at 101 East Park Blvd, Suite 1200, Plano, Texas. The company’s compliance with the Nasdaq minimum bid price requirement ensures its continued listing on the exchange, providing stability for its shareholders and potential investors.
This update on Intrusion’s compliance status is based on the company’s latest 8-K filing with the Securities and Exchange Commission. The filing, dated January 30, 2025, confirms that the matter regarding the minimum bid price requirement is now closed.
In other recent news, Intrusion Inc. has made significant strides in its financial and capital structure developments. The company reported its second consecutive quarter of revenue growth, reaching $1.5 million, a 3% sequential increase. This growth was largely attributed to its Shield product line, which saw a 49% sequential revenue increase due to a new $2 million contract with the U.S. Department of Defense.
Intrusion Inc. also secured $7.5 million in a direct offering, intending to allocate the net proceeds for general corporate purposes. Further, the company has executed a series of equity restructuring transactions with Streeterville Capital, LLC, exchanging Series A Preferred Shares for common stock. This series of transactions aligns with Intrusion Inc.’s strategic financial objectives.
Moreover, the company extended its Warrant Exercise Inducement Program through December 27, 2024, aiming to encourage the exercise of warrants issued on various dates. 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 are recent developments that highlight the ongoing efforts of Intrusion Inc. to manage its capital structure and stimulate growth.
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