Cybersecurity firm Intrusion Q3 revenue climbs on expanded U.S. defense department contracts

Reuters11-12
Cybersecurity firm Intrusion Q3 revenue climbs on expanded U.S. defense department contracts

Overview

  • Intrusion Q3 revenue grows 31% yr/yr

  • Company posts net loss of $2.1 mln, flat compared to prior year

  • Intrusion launches Shield Cloud on AWS Marketplace, aiming for long-term growth

Outlook

  • Intrusion anticipates further adoption of Shield Endpoint product in coming quarters

  • Intrusion sees AWS Marketplace launch as milestone for long-term growth

Result Drivers

  • DEFENSE CONTRACT - Revenue growth driven by contract expansion with U.S. Department of Defense for infrastructure solutions

  • AWS MARKETPLACE LAUNCH - Launch of Intrusion Shield Cloud on AWS Marketplace seen as milestone for long-term growth

  • SHIELD ENDPOINT MOMENTUM - Strong momentum for Shield Endpoint product from PortNexus contributing to growth

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$1.97 mln

$1.91 mln (2 Analysts)

Q3 EPS

-$0.10

Q3 Net Income

-$2.09 mln

Q3 Gross Margin

77.00%

Q3 Gross Profit

$1.51 mln

Q3 Operating Income

-$2.14 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the it services & consulting peer group is "buy"

  • Wall Street's median 12-month price target for Intrusion Inc is $7.00, about 74.4% above its November 10 closing price of $1.79

Press Release: ID:nACSt0KSRa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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