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Intrusion Inc. shared its third quarter results, with revenue up 84% from last quarter and 36% from last year.

ResultsRead the original at SEC EDGAR
Bad for INTZ

Sales rose with help from VigilAigent and Texas, and capital steps raised reported stockholders’ equity above $5 million and extended Nasdaq’s deadline. But lower margins, a larger loss, and only $0.4 million in cash make the report unfavorable.

INTZ · Intrusion Inc.

AI read · Bad for INTZ

The AI's read

The larger sales base came with less left after direct costs. The acquired service added sales and costs, and interest costs also rose. A debt swap and other capital steps raised reported stockholders’ equity above $5 million and bought 180 more days to meet Nasdaq’s stock-price rule. Those steps help, but very little cash remained at quarter end.

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