Intrusion Q3 Loss Narrower Than Expected, Sales Rise Y/Y, Stock Up 12%
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Intrusion Inc. (INTZ) reported a narrower-than-expected loss for Q3 2024, with a significant year-over-year increase in sales. The company's performance was bolstered by strong growth in Intrusion Shield revenues and successful deals with the U.S. Department of Defense. As a result, INTZ's stock rose by 12%.
November 13, 2024 | 1:30 pm
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Intrusion Inc. reported a better-than-expected Q3 2024 performance with increased sales and a narrower loss, driven by Intrusion Shield and U.S. Department of Defense deals. The stock rose 12%.
The company's strong Q3 performance, driven by key revenue sources and strategic deals, led to a positive market reaction, reflected in a 12% stock price increase. This indicates investor confidence in the company's growth trajectory.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100