Intrusion Inc. announced its financial results for the third quarter ended September 30, 2024. The company reported its third consecutive quarter of sequential top-line growth. Intrusion Shield revenue specifically increased by 49% on a sequential basis, indicating improved customer penetration for its core product.
The company reported a net loss for the quarter, which was narrower than expected. Total revenue for Q3 2024 was US$1.50 million, representing a 2.5% increase from Q3 2023. This revenue figure, however, lagged behind analyst estimates.
Despite the net loss, the sequential revenue growth and increased Shield penetration demonstrate operational progress. The company continues to focus on expanding its cybersecurity solutions and customer base. Management highlighted strong customer acquisition and a significant defense contract as key drivers.
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