INTZ earnings analysis
What we found in INTZ's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
- 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.
- 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.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
- 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.
- 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.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.13
What they said about what is next.
No quantitative revenue or EPS guidance was provided in the 10-Q; outlook was deferred to the earnings release or call.
The filing reads worse than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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