10-Q · May 14, 2026
Intrusion Inc. reported a significant decline in revenue and increased losses for Q1 2026, with actual revenue of $888,000 falling short of the $2.03 million estimate, and EPS of -$0.18 compared to -$0.09 expected. This…
Earnings analysis · 10-Q
INTZ earnings analysis
Filed August 11, 2026 · Our reading of the company's report
The latest report
Intrusion’s Q2 2026 revenue of $1.453 million recovered from the prior quarter’s $888,000 but remained below approximately $2.0 million a year earlier. Diluted EPS improved sequentially to $(0.13) from $(0.18), but was…
Read full summary
Intrusion’s Q2 2026 revenue of $1.453 million recovered from the prior quarter’s $888,000 but remained below approximately $2.0 million a year earlier. Diluted EPS improved sequentially to $(0.13) from $(0.18), but was worse than $(0.10) in the prior-year quarter and below the $(0.10) estimate. The VigilAigent acquisition adds a potential growth platform, but its $0.4 million cash component and issuance of 2.4 million shares increase liquidity and dilution risks. No quantitative guidance or material risk-factor updates were provided.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.13
What stood out
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Sequential Revenue Recovery
Second-quarter revenue was $1.453 million, up from $888,000 in Q1 2026 but down from approximately $2.0 million in Q2 2025.
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EPS Improved Sequentially
Reported diluted EPS was $(0.13), improving from $(0.18) in Q1 2026 but worsening from $(0.10) in Q2 2025 and missing the $(0.10) estimate.
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VigilAigent Acquisition Closed
On June 29, 2026, Intrusion acquired 60% of VigilAigent for a $2.0 million purchase price, including $0.4 million of cash and 2.4 million newly issued common shares.
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Controls Remained Effective
Management concluded that disclosure controls and procedures were effective as of June 30, 2026, and reported no material changes in internal control during the three months ended June 30, 2026.
What to watch
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Revenue Still Below Prior Year
Revenue of $1.453 million remained approximately $547,000 below the approximately $2.0 million reported in Q2 2025, indicating that contract-award delays and government-contract timing remain material operating risks.
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Acquisition Funding and Dilution
The VigilAigent transaction required $0.4 million of cash and the issuance of 2.4 million common shares for a 60% interest, creating both liquidity use and shareholder dilution.
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Continuing Losses and Unchanged Risks
The company reported diluted EPS of $(0.13) for Q2 2026, reflecting continued losses; the 10-Q also states that the previously disclosed risks could materially and adversely affect results and cash flows, while identifying no material changes to the 2025 Annual Report risk factors.
Management's outlook
No quantitative revenue or EPS guidance was provided in the 10-Q; outlook was deferred to the earnings release or call.
Earlier filings 4
10-K · March 25, 2026
Intrusion Inc. reported full-year revenue of approximately $7.1 million in 2025 (vs $5.8 million in 2024) while net loss widened to approximately $9.1 million and cash used in operating activities was approximately $6.8…
10-Q · November 12, 2025
Intrusion Inc. reported Q3 revenue of $1,966,000 (up from $1,504,000 YoY) and a GAAP diluted loss per share of $(0.10) (improved from $(0.35) YoY) while net loss dollars were essentially flat at $(2,094,000) vs…
10-Q · August 12, 2025
Intrusion Inc. reported Q2 2025 revenue of $1,873,000 (up $98,000 sequentially and $413,000 YoY) with gross margin of 76.4% and an operating loss of $2,086,000. GAAP diluted loss per share was $(0.10) for the quarter;…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.