Form 8-K
8-K — INTRUSION INC
Accession: 0001683168-26-006203
Filed: 2026-08-11
Period: 2026-08-11
CIK: 0000736012
SIC: 3576 (COMPUTER COMMUNICATIONS EQUIPMENT)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or
15(d) of the Securities Exchange Act of 1934
Date of Report (Date of
earliest event reported): August 11,
2026
INTRUSION
INC.
(Exact Name of Registrant
as Specified in Its Charter)
Delaware
001-39608
75-1911917
(State or Other Jurisdiction
of Incorporation)
(Commission File
Number)
(IRS Employer
Identification No.)
101
East Park Blvd, Suite
1200
Plano, Texas
75074
(Address of Principal Executive Offices)
(Zip Code)
(888) 637-7770
(Registrant’s Telephone Number,
Including Area Code)
N/A
(Former Name or Former Address, if Changed Since
Last Report)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common
Stock
INTZ
The NASDAQ Capital Market
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ☐
If an emerging growth company, indicate by check mark if
the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On August 11, 2026, Intrusion, Inc. (the “Company”)
issued a press release providing information about its operating and financial results for the quarter ended June 30, 2026. A copy of
the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1.
The information included in this Item 2.02, including
Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated
by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except
as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No.
Description
99.1
Press release
of the registrant, issued on August 11, 2026.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
2
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto
duly authorized.
Intrusion, Inc.
Dated: August 11, 2026
By:
/s/ Kimberly Pinson
Kimberly Pinson
Chief Financial Officer
3
EX-99.1 — PRESS RELEASE
EX-99.1
Filename: intrusion_ex9901.htm · Sequence: 2
Exhibit 99.1
Intrusion Inc.
Reports Second Quarter 2026 Results
Sequential revenue growth and the acquisition
of VigilAigent enhance revenue quality and visibility while accelerating the Company's path to profitability
PLANO, Texas, August 11, 2026 (ACCESSWIRE)
-- Intrusion Inc. (NASDAQ: INTZ) (“Intrusion” or the “Company”), a provider of AI-powered cyberattack prevention,
threat intelligence, and managed cybersecurity solutions, announced today financial results for the second quarter ended June 30, 2026.
Recent Financial & Business Highlights:
· Achieved sequential revenue growth of 64% during
the second quarter of 2026.
· Completed the acquisition of VigilAigent to create
an AI-native cybersecurity platform and improve the Company’s top line by adding approximately $3.5 million in annual recurring
revenue from multi-year contracts.
· Hosted a Technology & Innovation Day highlighting
the combined capabilities power of Intrusion and VigilAigent’s technologies.
· Signed a $4 million annual contract to deliver
cyber threat intelligence and critical infrastructure protection to the state of Texas.
VigilAigent Acquisition Integration Highlights
Since Closing:
· Advanced integration of the combined organizations
while maintaining customer support and service continuity.
· Identified more than $3 million of potential
annualized operating cost synergies.
· Continued commercial momentum through customer
renewals, new business, and partner engagement.
· Expanded the Company's strategic foundation with
enhanced Ai capabilities, managed security expertise, and a broader commercial platform.
“The second quarter was a pivotal one for
Intrusion. We returned to sequential revenue growth and restored the revenue run rate achieved prior to the funding delay associated with
the Department of War contract. We also made significant progress in positioning our business for future growth, as demonstrated by our
recent acquisition of VigilAigent,” said Tony Scott, President & Chief Executive Officer of Intrusion. “The addition of
VigilAigent will be immediately accretive to our top line results by adding approximately $3.5 million of annual recurring revenue over
the upcoming quarters from a diversified base of multi-year customer contracts. We believe that integrating VigilAigent's technology with
Intrusion's will create a unified platform that expands our ability to serve larger enterprise customers, strengthens our competitive
position, and drives strategic customer acquisition and long-term organic growth.”
Mr. Scott concluded, “As we look toward
the second half of fiscal 2026, we are confident that we will begin to see a steady improvement in our financial results. The quality
and visibility of our revenue has already improved, and we expect this trend to continue as we further expand our sales pipeline. This
gives us great confidence that we remain on track to transition Intrusion to profitability in fiscal year 2027 and create value for our
shareholders.”
Second Quarter Financial Results
Revenue for the second quarter of 2026 was $1.5
million, representing an increase of 64% on a sequential basis and a decrease of 22% compared to the prior year period. Performance continued
to be impacted by delays in the award of a key U.S. government contract. The Company remains optimistic that a meaningful portion of the
associated revenue will be realized in future periods subject to final award timing and funding approvals.
The gross profit margin was 66% for the second
quarter of 2026, compared to 74% for the first quarter of 2026 and 76% for the prior year period. Gross margin varies based on product
mix.
1
Operating expense for the second quarter of 2026
was $3.4 million, a decrease of $0.8 million sequentially and a decrease of less than $0.1 million compared to the second quarter of 2025.
Net loss for the second quarter of 2026 was $2.6
million, or $(0.13) per share, compared to a net loss of $2.0 million, or $(0.10) per share, in the second quarter of 2025.
As of June 30, 2026, cash and cash equivalents
were $0.2 million.
Conference Call
Intrusion’s
management will host a conference call today at 5:00 P.M. EDT. Interested investors can access the live call by dialing 1-888-506-0062,
or 1-973-528-0011 for international callers, and providing the following access code: 848276. The call will also be webcast live
(LINK) For
those unable to participate in the live conference call, a replay will be accessible beginning tonight at 7:00 P.M. EDT until August
26, 2026, by dialing 1-877-481-4010, or 1-919-882-2331 for international callers, and entering the following access code: 54153. Additionally,
a live and archived audio webcast of the conference call will be available at www.intrusion.com.
About Intrusion Inc.
Intrusion Inc. is a cybersecurity company based
in Plano, Texas, specializing in advanced threat intelligence. At the core of its capabilities is a proprietary database that catalogs
the historical behavior, associations, and reputational risk of IPv4 and IPv6 addresses, domain names, and hostnames. Built on years of
gathering global internet intelligence and supporting government entities, this data forms the backbone of Intrusion's commercial solutions.
Cautionary Statement Regarding Forward-Looking
Information
This press release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, which statements involve substantial risks and uncertainties. All statements other than statements of historical facts contained
herein, including statements regarding our financial position; our ability to continue our business as a going concern; our business,
sales, and marketing strategies and plans; our ability to successfully market, sell, and deliver our Intrusion Shield commercial product
and solutions to an expanding customer base; are forward-looking statements. In some cases, you can identify forward-looking statements
because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,”
“could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,”
“predict,” “project,” “should,” “target,” “will,” or “would” or
the negative of these words or other similar terms or expressions. Forward-looking statements contained in this press release include,
but are not limited to, such statements.
You should not rely on forward-looking statements
as predictions of future events. We have based the forward-looking statements contained in this press release primarily on our current
expectations and projections about future events and trends that we believe may affect our business, financial condition, and operating
results. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties, and other factors
described in our filings with the Securities and Exchange Commission, including but not limited to our most recent annual report on Form
10-K and quarterly reports on Form 10-Q, as the same may be updated from time to time.
The forward-looking statements made herein relate
only to events as of the date on which the statements are made. We undertake no obligation to update any forward-looking statements made
in this press release to reflect events or circumstances after the date hereof or to reflect new information or the occurrence of unanticipated
events, except as required by law.
IR Contact:
Alpha IR Group
Mike Cummings or Josh Carroll
INTZ@alpha-ir.com
Source: Intrusion Inc.
2
INTRUSION INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except par value amounts)
June 30,
2026
December 31,
2025
(unaudited)
ASSETS
Current Assets:
Cash and cash equivalents
$ 182
$ 3,624
Accounts receivable, net of allowance of $0.1 million
1,452
131
Prepaid expenses and other assets
682
476
Total current assets
2,316
4,231
Noncurrent Assets:
Property and equipment:
Equipment
2,983
2,917
Capitalized software development
6,252
5,663
Leasehold improvements
18
18
Property and equipment, gross
9,253
8,598
Accumulated depreciation and amortization
(5,070 )
(4,313 )
Property and equipment, net
4,183
4,285
Goodwill
4,299
–
Finance leases, right-of-use assets (“ROU”), net
163
222
Operating leases, ROU, net
1,247
1,392
Other assets
263
257
Total noncurrent assets
10,155
6,156
TOTAL ASSETS
$ 12,471
$ 10,387
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable, trade
$ 2,277
$ 492
Accrued expenses
522
357
Finance lease liabilities, current portion
99
167
Operating leases liabilities, current portion
79
266
Notes payable, current portion
2,236
–
Deferred revenue
794
503
Total current liabilities
6,007
1,785
Noncurrent Liabilities:
Finance lease liabilities, noncurrent portion
5
6
Operating lease liabilities, noncurrent portion
1,340
1,319
Notes payable, noncurrent portion
1,034
–
Total noncurrent liabilities
2,379
1,325
Commitments and Contingencies – (See Note 5)
–
–
Stockholders’ Equity:
Preferred stock, $0.01 par value: Authorized shares – 5,000; Issued shares – 0 in 2026 and 2025
–
–
Common stock, $0.01 par value: Authorized shares – 80,000; Issued shares – 22,758 in 2026 and 20,117 in 2025; Outstanding shares – 22,757 in 2026 and 20,116 in 2025
228
201
Common stock held in treasury, at cost – 1 share(s)
(362 )
(362 )
Additional paid-in capital
136,187
134,547
Accumulated deficit
(133,219 )
(127,066 )
Noncontrolling interest
1,294
–
Accumulated other comprehensive loss
(43 )
(43 )
Total stockholders’ equity
4,085
7,277
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
$ 12,471
$ 10,387
3
INTRUSION INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
Three Months Ended
Six Months Ended
June 30, 2026
June 30, 2025
June 30, 2026
June 30, 2025
Revenue
$ 1,453
$ 1,873
$ 2,341
$ 3,648
Cost of revenue
488
442
717
874
Gross profit
965
1,431
1,624
2,774
Operating expenses:
Sales and marketing
1,365
1,207
2,995
2,391
Research and development
1,145
1,332
2,596
2,550
General and administrative
948
978
2,098
2,012
Operating loss
(2,493 )
(2,086 )
(6,065 )
(4,179 )
Interest expense
(110 )
(21 )
(121 )
(50 )
Other income, net
7
65
27
89
Net loss
(2,596 )
(2,042 )
(6,159 )
(4,140 )
Less net loss attributable to noncontrolling interests
(6 )
–
(6 )
–
Net loss attributable to Intrusion, Inc.
$ (2,590 )
$ (2,042 )
$ (6,153 )
$ (4,140 )
Net loss per share:
Basic
$ (0.13 )
$ (0.10 )
$ (0.30 )
$ (0.21 )
Diluted
$ (0.13 )
$ (0.10 )
$ (0.30 )
$ (0.21 )
Weighted average common shares outstanding:
Basic
20,395
19,895
20,335
19,557
Diluted
20,395
19,895
20,335
19,557
4
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