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olivLaw · US equity research

Intrusion Inc. INTZ

Computer Communications Equipment · SIC 3576 · Vertical: Computer Communications Equipment (SIC 3576)

0.48USD−15.09% · 1 dayClose 04 Nov 2026

Intrusion Inc. is a cybersecurity company in Plano, Texas, selling threat intelligence built on its own database of IP addresses and the Shield product, and is shifting from government customers toward commercial ones. The company remains loss-making and has raised going concern doubts, so its ability to reach profitability in 2027, especially after the VigilAigent acquisition, is the key point to follow.

At the close of 04 Nov 2026, Intrusion Inc. (INTZ) stock was 0.48 USD (−15.09% on the day), with market capitalisation 11.9 m USD, beta 0.55, 52-week range 0.48–1.79 USD. Latest reported quarter (Q2 2026): revenue of 1.5 m USD (−22.4% YoY), net income of -2.6 m USD, diluted EPS -0.13 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
11.9 m USD
shares as of 11 Aug 2026
P/E (TTM)
unavailable
Diluted EPS TTM -0.55 · TTM to 30 Jun 2026
E/P (TTM)
-113.75%
TTM to 30 Jun 2026
Dividend yield
unavailable
Beta (2y)
0.55
Volatility (1y) 102%
52-week range
0.481.79

Price history

Loading chart…

Technical reading

RSI (14)
32.9
weak (30–45)
Bollinger (20, 2)
0.50 – 0.70
below the lower band · %B -0.10 · band width 32.5%
SMA 50 / 200
0.70 / 0.85
downtrend (price < SMA50 < SMA200)
MACD (12, 26, 9)
-0.04 / -0.04
MACD below signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month−29.9%−2.0%−27.9 pp—
3 months−37.1%−2.2%−35.0 pp—
6 months−38.7%+4.3%−43.0 pp—
Year to date−57.9%+10.6%−68.5 pp—
1 year−72.8%+10.5%−83.3 pp+10.4%
3 years−92.7%+73.7%−166.3 pp+63.6%
5 years−99.4%+61.7%−161.1 pp—
Max drawdown (1y)
−73.0%
10 Nov 2025 → 04 Nov 2026
Max drawdown (5y)
−99.7%
10 Oct 2022 → 23 Dec 2024
Compound annual growth (5y)
−63.7%
S&P 500 +10.1%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q2 2026 · 30 Jun 2026

Revenue
1.5 m USD
−22.4% YoY
Net income
-2.6 m USD
unavailable YoY
Diluted EPS
-0.13
unavailable YoY
net / operating
-178.3% / -171.6%

Quarterly margins

Quarterly statements · USD

Fiscal yearQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Revenue1.5 m1.7 m1.8 m1.9 m2.0 m1.4 m888.0 k1.5 m
Cost of revenue344.0 k421.0 k432.0 k442.0 k461.0 k380.0 k229.0 k488.0 k
Gross profit1.2 m1.3 m1.3 m1.4 m1.5 m1.1 m659.0 k965.0 k
Research & development1.2 m1.2 m1.2 m1.3 m1.3 m1.3 m1.5 m1.1 m
Operating income-2.0 m-1.9 m-2.1 m-2.1 m-2.1 m-2.8 m-3.6 m-2.5 m
Depreciation & amortisation357.0 k ≈465.0 k540.0 k391.0 k ≈425.0 k ≈406.0 k405.0 k414.0 k ≈
Interest expense-242.0 k ≈0——————
Net income-2.1 m-2.0 m-2.1 m-2.0 m-2.1 m-2.8 m-3.6 m-2.6 m
Diluted EPS-0.35-0.24 ≈-0.11-0.10-0.10-0.14 ≈-0.18-0.13
Operating cash flow-2.1 m ≈-178.0 k-1.7 m-1.6 m ≈-3.0 m ≈-531.0 k-1.8 m-3.6 m ≈
Capex33.0 k ≈467.0 k392.0 k333.0 k ≈34.0 k ≈18.0 k54.0 k1.0 k ≈

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year20182019202020212022202320242025
Revenue10.3 m13.6 m6.6 m7.3 m7.5 m5.6 m5.8 m7.0 m
Revenue YoY+49.8%+32.8%−51.5%+9.9%+3.5%−25.5%+2.9%+21.6%
Net income2.3 m4.5 m-6.5 m-18.8 m-16.2 m-13.9 m-7.8 m-9.1 m
Net income YoYunavailable+95.2%−246.0%unavailableunavailableunavailableunavailableunavailable
Diluted EPS0.140.28-0.45-1.05-16.39-11.46-1.63-0.46
Diluted EPS YoYunavailable+100.0%−260.7%unavailableunavailableunavailableunavailableunavailable
net %22.3%32.7%-98.5%-258.4%-215.6%-247.6%-135.0%-129.1%
Free cash flow2.4 m4.0 m-5.5 m-17.6 m-13.5 m-7.9 m-6.8 m-7.5 m

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
3.6 m USD
Financial debt
unavailable USD
Net debt
unavailable USD
Equity
7.3 m USD
Total assets
10.4 m USD
Debt / equity
unavailable
Current ratio
2.37x
ROE
-133.9%
ROA
-82.7%
FCF margin
-107.4%

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2023
5.6 m
2024
5.8 m
2025
7.0 m

SEC (XBRL)· 25 Mar 2026verified

Cost of revenue
2023
1.3 m
2024
1.3 m
2025
1.7 m

SEC (XBRL)· 25 Mar 2026verified

Gross profit
2023
4.4 m
2024
4.4 m
2025
5.4 m

SEC (XBRL)· 25 Mar 2026verified

Research & development
2023
5.6 m
2024
4.4 m
2025
5.2 m

SEC (XBRL)· 25 Mar 2026verified

Operating income
2023
-12.0 m
2024
-8.4 m
2025
-9.2 m

SEC (XBRL)· 25 Mar 2026verified

Depreciation & amortisation
2023
1.7 m
2024
1.6 m
2025
1.8 m

SEC (XBRL)· 25 Mar 2026verified

EBITDA
2023
-10.4 m ≈
2024
-6.8 m ≈
2025
-7.4 m ≈

SEC (XBRL)· 25 Mar 2026derived

Interest expense
2023
1.9 m
2024
20.0 k
2025
—

SEC (XBRL)· 27 Feb 2025verified

Pre-tax income
2023
-13.9 m
2024
-7.8 m
2025
-9.1 m

SEC (XBRL)· 25 Mar 2026verified

Income tax
2023
0
2024
0
2025
0

SEC (XBRL)· 25 Mar 2026verified

Net income
2023
-13.9 m
2024
-7.8 m
2025
-9.1 m

SEC (XBRL)· 25 Mar 2026verified

Diluted EPS
2023
-11.46
2024
-1.63
2025
-0.46

SEC (XBRL)· 25 Mar 2026verified

Weighted average diluted shares
2023
1.2 m
2024
5.3 m
2025
19.8 m

SEC (XBRL)· 25 Mar 2026verified

Balance sheet · USD

Cash
2023
139.0 k
2024
4.9 m
2025
3.6 m

SEC (XBRL)· 25 Mar 2026verified

Receivables
2023
364.0 k
2024
169.0 k
2025
131.0 k

SEC (XBRL)· 25 Mar 2026verified

Current assets
2023
1.1 m
2024
5.5 m
2025
4.2 m

SEC (XBRL)· 25 Mar 2026verified

Property, plant & equipment, net
2023
2.9 m
2024
3.8 m
2025
4.3 m

SEC (XBRL)· 25 Mar 2026verified

Goodwill
2023
—
2024
—
2025
0

SEC (XBRL)· 11 Aug 2026verified

Total assets
2023
6.2 m
2024
11.5 m
2025
10.4 m

SEC (XBRL)· 25 Mar 2026verified

Accounts payable
2023
—
2024
—
2025
—

SEC (XBRL)· 09 Mar 2021verified

Current liabilities
2023
14.3 m
2024
3.7 m
2025
1.8 m

SEC (XBRL)· 25 Mar 2026verified

Equity
2023
-9.6 m †
2024
6.3 m
2025
7.3 m

SEC (XBRL)· 11 Aug 2026verified

Cash flow · USD

Operating cash flow
2023
-7.8 m
2024
-6.3 m
2025
-6.8 m

SEC (XBRL)· 25 Mar 2026verified

Capex
2023
157.0 k
2024
533.0 k
2025
777.0 k

SEC (XBRL)· 25 Mar 2026verified

Free cash flow
2023
-7.9 m ≈
2024
-6.8 m ≈
2025
-7.5 m ≈

SEC (XBRL)· 25 Mar 2026derived

Investing cash flow
2023
-1.4 m
2024
-1.8 m
2025
-2.5 m

SEC (XBRL)· 25 Mar 2026verified

Financing cash flow
2023
6.3 m
2024
12.8 m
2025
8.1 m

SEC (XBRL)· 25 Mar 2026verified

Dividends paid
2023
—
2024
—
2025
—

SEC (XBRL)· 18 Mar 2022verified

Computed indicators

Growth

Revenue growth (YoY)
21.6%
computed by olivLawFY 2025
Revenue CAGR 3Y
-2.3%
computed by olivLawFY 2022 → FY 2025
Revenue CAGR 5Y
1.2%
computed by olivLawFY 2020 → FY 2025
EBIT growth (YoY)
unavailable
the base of the ratio is not positive
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
the base of the ratio is not positive
Net income CAGR 5Y
unavailable
the base of the ratio is not positive
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
the base of the ratio is not positive
EPS CAGR 5Y
unavailable
the base of the ratio is not positive
FCF growth (YoY)
unavailable
the base of the ratio is not positive

Profitability

Gross margin
74.1%
computed by olivLawTTM to 30 Jun 2026
EBITDA margin
-164.7%
computed by olivLawTTM to 30 Jun 2026
EBIT margin
-193.6%
computed by olivLawTTM to 30 Jun 2026
Net margin
-194.0%
computed by olivLawTTM to 30 Jun 2026
FCF margin
-158.1%
computed by olivLawTTM to 30 Jun 2026

Returns

ROE
-140.9%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROA
-76.8%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROIC
unavailable
input data missing
ROCE
-170.9%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
unavailable
input data missing
Net debt / EBITDA
unavailable
input data missing
Debt / equity
unavailable
input data missing
Interest coverage
unavailable
the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used

Liquidity

Current ratio
0.4x
computed by olivLawbalance sheet at 30 Jun 2026
Cash ratio
0.0x
computed by olivLawbalance sheet at 30 Jun 2026

Cash

Operating cash flow
-8.9 m USD
computed by olivLawTTM to 30 Jun 2026
Capital expenditure
107.0 k USD
computed by olivLawTTM to 30 Jun 2026
Free cash flow
-9.0 m USD
computed by olivLawTTM to 30 Jun 2026
FCF conversion
unavailable
insufficient data
Cash conversion
unavailable
insufficient data

Efficiency

Days sales outstanding
50 days
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Days payables outstanding
unavailable
input data missing

Market and valuation

Market capitalisation
11.9 m USD
computed by olivLawbalance sheet at 30 Jun 2026
Enterprise value
unavailable
input data missing
Market cap / net income TTM
unavailable
insufficient data
P/E (TTM)
unavailable
insufficient data
Earnings yield
-113.7%
computed by olivLawTTM to 30 Jun 2026
P/B
2.9x
computed by olivLawbalance sheet at 30 Jun 2026
P/S
2.1x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
unavailable
the base of the ratio is not positive
FCF yield
-76.1%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Dividend yield
unavailable
input data missing
Shareholder yield (distributions)
unavailable
input data missing

4 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • valuation methods computed: 0 of at least 1

A scoring methodology on indicators and valuation, not investment advice.

Closing price

0.48 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: 11.9 m USD

Key indicators

Market capitalisation
11.9 m USD
computed by olivLawbalance sheet at 30 Jun 2026
P/E (TTM)
unavailable
insufficient data
P/B
2.9x
computed by olivLawbalance sheet at 30 Jun 2026
EV/EBITDA
unavailable
input data missing
ROE
-140.9%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Net margin
-194.0%
computed by olivLawTTM to 30 Jun 2026
Revenue growth (YoY)
21.6%
computed by olivLawFY 2025
Dividend yield
unavailable
input data missing

Coverage and freshness

28/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 30 Jun 2026
Latest balance sheet date: 30 Jun 2026
Share count (cover of the latest filing), as of: 11 Aug 2026
Source: SEC (XBRL)published 11 Aug 2026
verified 1941derived 173

Score by group

72% · Insufficient data

Estimated value range

unavailable — no valuation method could be computed

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

  • DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
  • Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
  • Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)

no valuation method could be computed

Multiple comparisons use the SIC vertical: Computer Communications Equipment (SIC 3576)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: valuation methods computed: 0 of at least 1

FactorValueScoreWeight used
Gross margin · Quality74.1%85 (on a fixed band)15%
EBIT margin · Quality-193.6%7 (vs peers)12%
FCF margin · Quality-158.1%0 (on a fixed band)12%
Revenue CAGR 3Y · Growth-2.3%0 (on a fixed band)24%
Revenue growth (YoY) · Growth21.6%80 (vs peers)12%
Net debt / EBITDA · Balance sheetunavailableunavailable—
Current ratio · Balance sheet0.4x0 (on a fixed band)9%
EV/Sales · Valuationunavailableunavailable—
FCF yield · Valuation-76.1%0 (on a fixed band)18%
Shareholder yield (distributions) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet· partial0/100 · 1/2 factors with a value
  • Growth27/100 · 2/2 factors with a value
  • Quality35/100 · 3/3 factors with a value
  • Returns· partialunavailable · 0/1 factors with a value
  • Valuation· partial0/100 · 1/2 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

INTRUSION INC. (INTZ). Latest full fiscal year: 2025; data up to 2026-06-30.

Figures computed from the financial statements: revenue 7.0 m USD in 2025; YoY growth 21.6%; net margin -194.0%; ROE -140.9%.

Valuation cannot be computed from the available data.

Insufficient data for a verdict (valuation methods computed: 0 of at least 1).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Gross margin: 74.1%
  • Revenue growth (YoY): 21.6%

What contradicts it

  • EBIT margin: -193.6%
  • FCF margin: -158.1%
  • Revenue CAGR 3Y: -2.3%
  • Current ratio: 0.4x
  • FCF yield: -76.1%

Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales, Shareholder yield (distributions).

Versus the vertical median

Computer Communications Equipment (SIC 3576) · same industry (4-digit SIC) · compared with 15 companies

Multiples and returns vs the median

P/E
—
vertical median 46.8x
EV/EBITDA
—
vertical median 26.9x
P/S
2.1x
vertical median 2.9x
below median (−29.0%)
P/B
2.9x
vertical median 4.0x
below median (−27.8%)
ROE
-140.9%
vertical median 7.5%
below median (−1,988.6%)
Net margin
-194.0%
vertical median 3.6%
below median (−5,439.8%)
EBIT margin
-193.6%
vertical median 3.5%
below median (−5,578.5%)
Revenue YoY
21.6%
vertical median 9.7%
above median (+123.2%)
Net debt/EBITDA
—
vertical median 1.1x
Dividend yield
—
vertical median 1.4%

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
CSCOCisco Systems, Inc.406.0 bn30.927.3%21.0%+11.8%+34% / +113%
ANETArista Networks, Inc.214.3 bn53.631.5%38.4%+28.6%+30% / +209%
FFIVF5, Inc.18.8 bn26.419.8%22.0%+9.7%+38% / +93%
EXTRExtreme Networks, Inc.3.0 bn58.067.1%4.0%+12.6%+31% / +42%
DGIIDigi International Inc.2.8 bn57.57.5%9.6%+1.5%+74% / +208%
ATENA10 Networks, Inc.1.7 bn40.019.4%13.9%+11.0%+38% / +91%
NTGRNETGEAR, Inc.606.6 m—-5.3%-3.7%+3.8%−16% / +64%
ALLTAllot Ltd.421.3 m108.34.5%3.6%+10.6%−10% / +541%
LTRXLantronix, Inc.263.9 m—-4.3%-3.5%−1.6%+10% / 0%
SILCSilicom Ltd.181.2 m—-9.4%-18.5%+6.6%+112% / +95%
BOSCBos Better Online Solutions Ltd29.8 m7.414.4%7.1%+26.6%−9% / +48%
CIITTianci International, Inc.16.5 m—-59.1%-14.7%+7.7%−93% / −96%
FOXXFoxx Development Holdings Inc.13.3 m——-100.2%−20.2%−58% / −83%
INTZIntrusion Inc.11.9 m—-140.9%-194.0%+21.6%−73% / −93%
WLDSWearable Devices Ltd.4.2 m—-72.3%-1,253.0%+23.9%−92% / −100%
HUBCHUB Cyber Security Ltd.3.4 m——-134.5%−30.7%−100% / −100%

1- and 3-year price returns: for INTZ from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
3 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
5 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
What moves the 3-year price the most

    AI analysis

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    In brief

    Intrusion Inc. is a cybersecurity company in Plano, Texas, selling threat intelligence built on its own database of IP addresses and the Shield product, and is shifting from government customers toward commercial ones. The company remains loss-making and has raised going concern doubts, so its ability to reach profitability in 2027, especially after the VigilAigent acquisition, is the key point to follow.

    SWOT

    Strengths

    • The proprietary IP address database, built over many years, is hard for competitors to replicate 1.
    • The Shield product uses a Zero Trust architecture aimed at zero-day attacks and ransomware 1.
    • The VigilAigent acquisition adds recurring revenue from multi-year contracts 3.

    Weaknesses

    • The company depends heavily on government customers and a few large contracts 12.
    • There is significant doubt about the going concern, and liquidity is low 12.
    • Net losses remain large relative to revenue 12.

    Opportunities

    • Extending Shield to commercial and civilian customers could reduce government dependence 1.
    • Integrating VigilAigent could create a unified platform for larger enterprise customers 3.
    • Cost synergies identified after the acquisition could speed the path to profitability 3.

    Threats

    • Budget delays and federal procurement processes can postpone revenue or cancel contracts 12.
    • Larger competitors with greater recognition could push the company toward lower-priced markets 1.
    • Dilution of shareholders from new share issuances may become necessary to fund operations 12.

    Risks

    • Going concernhigh

      The auditor flagged substantial doubt about the company's ability to continue as a going concern, and if funding is not secured, operations could be constrained 1.

    • Government dependencehigh

      Sales to U.S. government customers make up nearly all revenue, and cancelled or delayed orders could sharply affect results 12.

    • Customer concentrationmedium

      A small number of customers generate most revenue, and losing one could quickly reduce sales 12.

    • Acquisition integrationmedium

      Integrating VigilAigent may face technical and cultural difficulties, and cost-saving targets could be delayed 3.

    • Shareholder dilutionmedium

      Equity financing could reduce the value of existing shares for current shareholders 12.

    Investment thesis

    What would need to be true (bull case)

    • If the delayed government contract is restored and sequential growth continues, revenue could return to levels seen before the funding delay 3.
    • The VigilAigent acquisition could add recurring revenue and open access to larger enterprise customers 3.
    • The proprietary database, built over more than 20 years, could remain a barrier that competitors find hard to overcome 1.

    What would break the thesis

    • The company could keep large net losses and low liquidity, which may force further share issuances 12.
    • Reliance on government budgets could repeat the delays that reduced revenue in 2026 23.
    • If the VigilAigent integration does not deliver the expected synergies, the company could stay loss-making for longer than planned 3.

    What to watch

    • Completion of the second VigilAigent closing and its closing conditionsby August 30, 2026
    • Resumption of revenue from the delayed government contractQ3 2026
    • Realization of cost synergies after integration2027
    • Stated profitability target for fiscal year 20272027

    Products, market & competition

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    The business

    In 2026 the company agreed to acquire VigilAigent in two closings, with the first 60% stake completed on June 29, 2026 for 2.0 million USD 2. Management estimates VigilAigent will add about 3.5 million USD of annual recurring revenue from multi-year contracts 3.

    The company was organized in Texas in 1983 and reincorporated in Delaware in 1995 1. It had 52 employees at the end of 2025 1. In the near term the model depends on raising capital, since the company has disclosed substantial doubt about its ability to continue as a going concern 1.

    Segments

    TraceCop and Savant

    TraceCop is an IP and domain intelligence tool used in forensic investigations and has historically been a major part of revenue 1. Savant is a network monitoring tool built on TraceCop data, used by government agencies and corporations with in-house research teams 1.

    Market context

    The network security market is intensely competitive and changes quickly, with new products and pressure on price and performance 1. The company competes in threat intelligence and advanced persistent threat detection against firms and open-source technologies in firewall, antivirus and endpoint protection 1. Government customers dominate current demand, so federal budgets directly shape sales 1.

    In the first half of 2026 revenue fell to 2.3 million USD from 3.6 million USD a year earlier, due to delays in a major Department of Defense contract 2. The company says a meaningful part of the delayed revenue could be realized in future periods if the contract is awarded and funded 3.

    Trends

    • Government fundingheadwind

      Most revenue comes from U.S. public sector customers, and delays in funding and contract awards affected the fourth quarter of 2025 and the second quarter of 2026 13. If federal budgets stay unstable, revenue could be postponed again.

    • Diversification toward commercialtailwind

      Management is trying to extend Shield to commercial and civilian government customers, and the Port Nexus partnership and the VigilAigent acquisition could reduce dependence on government 12.

    • Margin pressuremixed

      Gross margin fell in 2026 as Shield's share of revenue declined and consulting work carries lower margins 2. If Shield's share rises again, margins could recover.

    • Access to capitalheadwind

      The company has relied on share issuances and at-the-market sales, and its going concern disclosure shows future financing is uncertain 1. If financing is not secured, the profitability plan could be affected.

    Competitive position

    Principal named competitors in data mining and advanced persistent threat detection are Darktrace, Trellix and Recorded Future 1. The company believes competition for TraceCop is limited, because its historical data, collected over more than 20 years, is hard to replicate 1.

    Competition is higher for Shield, where the company acknowledges other vendors could offer similar solutions if the product gains market acceptance 1. The proprietary database could remain a barrier to entry if competitors cannot replicate it 1.

    • Darktrace

      Principal competitor in data mining and advanced persistent threat detection, named in the annual report 1.

    • Trellix

      Competitor in firewall, intrusion detection and endpoint protection areas, named by the company 1.

    • Recorded Future

      Competitor in threat intelligence, named as a principal competitor by the company 1.

    • Open-source and antivirus providers

      Open-source technologies and antivirus, network analysis and endpoint vendors that compete indirectly with Intrusion products 1.

    News & filings

    In the press

    No news in our archive over the last 180 days.

    SEC filings

    • Current report02 Nov 2026
      Material agreement · Item 3.02 · Amendments to articles or bylaws · Regulation FD disclosure · Other events · Financial statements and exhibits
    • Current report15 Sept 2026
      Departure or appointment of officers
    • Current report03 Sept 2026
      Item 3.02 · Other events · Financial statements and exhibits
    • Current report28 Aug 2026
      Material agreement · Acquisition or disposition of assets · Creation of a direct financial obligation · Shareholder vote · Financial statements and exhibits
    • Current report18 Aug 2026
      Material agreement · Item 3.02 · Financial statements and exhibits
    • Quarterly report11 Aug 2026
    • Current report11 Aug 2026
      Results of operations · Financial statements and exhibits
    • Current report22 Jul 2026
      Regulation FD disclosure · Financial statements and exhibits
    • Proxy statement20 Jul 2026
    • Current report30 Jun 2026
      Material agreement · Item 3.02 · Regulation FD disclosure · Financial statements and exhibits

    Sources

    1. [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Intrusion Inc. · 25 Mar 2026
    2. [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Intrusion Inc. · 11 Aug 2026
    3. [3] Form 8-K, results release (exhibit 99.1) · SEC / Intrusion Inc. · 11 Aug 2026

    Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.