Intrusion, Inc. Announces Preliminary Q2 2023 Results; Says Top-Line Revenues For Intrusion Shield Are Expected To Show An Increase Of ~35% Sequentially
Portfolio Pulse from Happy Mohamed
Intrusion Inc. (NASDAQ:INTZ) has announced preliminary Q2 2023 results, expecting a 35% sequential increase in top-line revenues for Intrusion Shield. New bookings in Q2 and early Q3 are expected to further boost revenues. The company's consulting business is also showing growth, and cost-cutting measures have significantly reduced cash burn. The official Q2 2023 financial results will be released on August 14, 2023.
July 17, 2023 | 4:33 pm
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Intrusion Inc. expects a 35% sequential increase in Q2 2023 revenues for Intrusion Shield. Cost-cutting measures have reduced cash burn. The official Q2 2023 financial results will be released on August 14, 2023.
The announcement of a 35% sequential increase in revenues for Intrusion Shield, along with cost-cutting measures reducing cash burn, is positive news for Intrusion Inc. This could lead to a short-term increase in the company's stock price.
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