Intrusion Inc. announced its financial results for the fourth quarter ended December 31, 2024. The company reported its fourth consecutive quarter of sequential top-line growth, with total revenue for the full year 2024 reaching US$5.77 million, an increase of 2.9% from FY 2023. This growth was driven by increased cybersecurity demand.
Despite the revenue growth, the company reported a net loss for Q4 2024 that was wider than expected. The full year 2024 net loss was also reported. This indicates that while top-line performance is improving, the company continues to invest in growth initiatives, impacting profitability.
Management highlighted continued revenue growth and strategic moves during the quarter. The company is addressing challenges in market presence and profitability as it executes its product-led growth strategy. Zacks Consensus Estimates projected a wider loss than expected, but sales were up year-over-year.
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