Intrusion's Q1 results confirm worsening revenue trajectory and cash burn, with no concrete guidance. Monitor updates on the delayed Department of War contract and the new $4M state contract; the $3M debt facility provides a short liquidity buffer but does not fix the core revenue problem.
Price Chart
Executive Summary
Intrusion reported Q1 2026 revenue of $0.9M (down 50% YoY) and EPS of -$0.18, missing consensus estimates of $2.0M and -$0.09. The net loss widened to $3.6M as operating expenses rose 20% while revenue collapsed. The persistent government contract delay continues to weigh on results, though the company secured $3M in post-quarter debt financing and a $4M state contract. No raised guidance was provided.
Key Financial Metrics
Key Facts
- Q1 2026 revenue of $0.9M, down 50% YoY from $1.78M
- EPS of -$0.18 vs consensus -$0.09, a 100% miss
- Net loss of $3.6M, up from $2.1M in Q1 2025
- Operating expenses rose to $4.2M, up $0.8M YoY
- Cash and equivalents fell to $1.4M from $3.6M at year-end
- Subsequently entered a $3M secured debt facility to boost liquidity
Financial Impact
Revenue miss of ~$1.1M (55.6%) vs consensus; EPS miss of -$0.09 vs estimate
Risk Factors
- Continued dependence on delayed federal contract awards
- Cash runway limited despite new $3M debt facility
- No timeline for profitability; operating losses may accelerate
- Potential dilutive financing if cash needs persist
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001683168-26-003916 |
| Document: intrusion_8k.htm | 0001683168-26-003916 |
| Document: 0001683168-26-003916-index-headers.html | 0001683168-26-003916 |
| Document: 0001683168-26-003916-index.html | 0001683168-26-003916 |
| Document: 0001683168-26-003916.txt | 0001683168-26-003916 |
| 8-K Data (Synthetic) | 0001683168-26-003916 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 6w ago | 8-K | $0.8000 $0.6492 | ▼ −18.85% | ▼ −21.83% | $0.5816 (−27.30%) |
Sep 3, 2026 7w ago | 8-K | $0.7800 $0.6900 | ▲ +11.54% | ▲ +12.14% | $0.5816 (+25.44%) |
Aug 28, 2026 8w ago | 8-K | $0.7946 $0.6741 | ▲ +15.16% | ▲ +15.42% | $0.5816 (+26.81%) |
Aug 18, 2026 10w ago | 8-K | $0.6340 $0.7611 | ▼ −20.05% | ▼ −22.00% | $0.5816 (+8.26%) |
Aug 3, 2026 12w ago | DEFA14A | $0.7700 $0.9000 | ▲ +16.88% | ▲ +15.65% | $0.5816 (−24.47%) |
Jun 30, 2026 17w ago | 8-K | $0.8215 $0.7600 | ▼ −7.49% | ▼ −5.30% | $0.5816 (−29.20%) |
May 14, 2026 23w ago | 8-K | $0.7400 $0.8400 | ▼ −13.51% | ▼ −11.39% | $0.5816 (+21.41%) |
May 13, 2026 23w ago | 8-K | $0.7600 $0.7300 | ▲ +3.95% | ▲ +3.33% | $0.5816 (+23.47%) |
US Market Status
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