Intrusion Inc. (INTZ): history, ownership, mission, how it works & makes money

A Brief History of Intrusion Inc. (INTZ)

Founding and Early Years

Intrusion Inc. was founded in 1983 as a provider of cybersecurity solutions. Originally named Intrusion Detection Systems, the company was geared toward developing technologies for network security. Its first major product was the Intrusion Detection System (IDS), which gained traction during the internet boom in the late 1990s.

Public Offering and Expansion

In 1995, Intrusion Inc. went public, trading on the NASDAQ under the ticker symbol INTZ. The IPO raised approximately $12 million. During the late 1990s, the company expanded its product offerings to include a variety of cybersecurity appliances and services.

Technological Advances and Services

Throughout the 2000s, Intrusion Inc. focused on enhancing its technology, introducing products such as the Shield™ appliance, which provided advanced threat detection capabilities. By 2002, the company reported revenues of $10.8 million.

Acquisition and Strategic Changes

In 2006, Intrusion Inc. acquired certain assets from DataValet Technologies, expanding its service portfolio into managed security services. The acquisition resulted in a 30% increase in customer base.

Recent Financial Performance

As of Q2 2023, Intrusion Inc. reported total revenues of $6.4 million, representing an increase of 12% year-over-year. The net loss for the period stood at $1.2 million, compared to a loss of $2.1 million in Q2 2022.

Product Offerings

Intrusion Inc. has a diversified range of products. Below is a summary of its primary offerings:

Market Position and Competitors

As of 2023, Intrusion Inc. holds approximately 10% market share in the cybersecurity sector. Its main competitors include:

• CrowdStrike
• Palo Alto Networks
• FireEye
• Fortinet

Stock Performance

As of October 2023, the share price of Intrusion Inc. stands at $2.30, showing a 45% increase compared to the previous year. The company has a market capitalization of approximately $34 million.

Future Outlook

Intrusion Inc. aims to continue its growth trajectory by investing in artificial intelligence and machine learning technologies to enhance its cybersecurity solutions. The company forecasts a revenue target of $10 million for fiscal year 2024.

A Who Owns Intrusion Inc. (INTZ)

Shareholder Structure

As of October 2023, the ownership structure of Intrusion Inc. (INTZ) is as follows:

Major Institutional Investors

The following are some of the significant institutional investors in Intrusion Inc.:

Executive Team

The executive team at Intrusion Inc. includes:

• Chief Executive Officer: Tony Scott
• Chief Financial Officer: Kevin McKenzie
• Chief Operations Officer: Holly Tilley
• Chief Technology Officer: James Smith

Insider Transactions

In the past year, several insider transactions have occurred:

Market Performance

The market performance of Intrusion Inc. is indicated by the following financial data:

Intrusion Inc. (INTZ) Mission Statement

Company Overview

Intrusion Inc. (NASDAQ: INTZ) focuses on providing advanced cybersecurity solutions. The company operates within the rapidly growing cybersecurity sector, which is projected to reach a market size of $345.4 billion by 2026, growing at a CAGR of 10.5% from 2021 to 2026.

Core Mission Statement

The mission statement of Intrusion Inc. emphasizes a commitment to protecting businesses from cyber threats through innovation and customer-centric solutions. Their mission is encapsulated as follows:

• To deliver comprehensive cybersecurity solutions that ensure the safety and integrity of customer data.
• To innovate continuously in response to evolving threats and challenges in the digital landscape.
• To empower businesses to focus on their core operations without the concern of cyber vulnerabilities.

Strategic Objectives

Intrusion Inc. aims to achieve the following strategic objectives to fulfill its mission:

• Increase market share in the cybersecurity domain by 15% annually.
• Enhance customer satisfaction ratings to above 90%.
• Invest $5 million annually in research and development.

Financial Performance

As of Q2 2023, Intrusion Inc. reported the following financial metrics:

Market Position

Intrusion Inc. holds a significant position in the cybersecurity market, with various offerings tailored to meet the needs of different sectors. Key market statistics include:

• Over 1,500 corporate clients globally.
• Presence in multiple industries, including finance, healthcare, and government.
• Strategic partnerships with technology leaders such as IBM and Microsoft.

Customer Engagement

Intrusion Inc. emphasizes strong customer engagement strategies as part of its mission. The company has reported:

• A customer retention rate of 85%.
• Annual customer feedback surveys indicating a satisfaction level of 92%.
• A growth in the customer base by 25% year-over-year.

Innovation and Development

The company’s commitment to innovation is critical to its mission, demonstrated by:

• $3 million invested in AI-driven security solutions in fiscal year 2022.
• Launch of new product lines that contributed to 20% of total revenue in 2023.
• Partnerships with cybersecurity research institutions for threat intelligence development.

Future Outlook

Looking ahead, Intrusion Inc. aims to expand its influence in the cybersecurity market with projected goals:

• Expected increase in revenue to $12 million by Q4 2024.
• Anticipated development of new technologies to address next-gen cyber threats.
• Goal of achieving profitability by the end of FY 2025.

How Intrusion Inc. (INTZ) Works

Overview of Intrusion Inc.

Intrusion Inc. (INTZ) specializes in cybersecurity solutions, particularly focusing on threat detection and defense mechanisms. The company aims to protect enterprises from complex cybersecurity threats utilizing its proprietary technology.

Business Model

Intrusion Inc. operates on a SaaS (Software as a Service) model, providing subscription-based services to its clients. This model allows for a recurring revenue stream.

As of 2023, Intrusion reported a revenue of approximately $5 million for the fiscal year, which represents a year-on-year growth of 15%.

Key Products and Services

• Intrusion Shield: A real-time threat detection and response solution.
• Intrusion CyberThreat: Advanced analytical software that identifies potential threats.
• Managed Security Services: 24/7 monitoring and response services.

Market Position

Intrusion Inc. holds a notable position in the cybersecurity market, with a market capitalization of approximately $43 million as of October 2023.

The company's stock price fluctuated around $1.50 per share recently, with a 52-week range between $1.12 and $2.95.

Financial Performance

Clientele

Intrusion Inc. serves a variety of sectors including:

• Healthcare
• Finance
• Government
• Retail

Growth Strategy

The company intends to expand its market presence by:

• Investing in R&D to enhance product offerings.
• Expanding marketing efforts to reach new clients.
• Forming strategic partnerships within the industry.

Recent Developments

In 2023, Intrusion launched an updated version of its flagship product, Intrusion Shield, incorporating machine learning capabilities to improve threat detection accuracy.

Additionally, the company was awarded a contract worth $1 million with a federal agency for cybersecurity solutions.

Challenges Faced

Intrusion faces challenges such as:

• Increasing competition from established cybersecurity firms.
• Maintaining profitability while investing in new technologies.
• Adapting to rapidly changing cyber threat landscapes.

Conclusion

Overall, Intrusion Inc. operates within a dynamic and competitive space, continuously working to enhance its product offerings and expand its market reach. The company's recent financial performance and strategic initiatives position it for potential growth in the coming years.

How Intrusion Inc. (INTZ) Makes Money

Government Contracts

Intrusion Inc. derives a significant portion of its revenue from government contracts. In 2022, the company reported $4.5 million in revenue from government contracts, which constituted approximately 35% of its total revenue for that fiscal year.

Cybersecurity Solutions

Intrusion offers a range of cybersecurity solutions, including threat detection and prevention systems. The Cybersecurity Solutions segment accounted for about $6.5 million in revenue in 2022, representing around 51% of the company's overall revenue.

Subscription Models

The company has implemented subscription-based pricing for its products. In 2022, subscriptions generated approximately $2 million in recurring revenue, which is expected to grow by 15% annually.

Product Sales

Direct product sales also contribute to the company's revenue stream. In 2022, product sales amounted to $1 million, comprising 8% of total revenue. The product lines include network security appliances and software licenses.

Service Fees

Consulting and support services account for a smaller but notable part of Intrusion's earnings. In 2022, service fees generated $1 million, which is expected to increase by 10% in the following year.

Financial Performance Table

Market Growth and Projections

Intrusion is positioned in a growing market. The global cybersecurity market is projected to reach $345.4 billion by 2026, growing at a CAGR of 10.9%. Intrusion aims to leverage this growth with strategic investments in technology and marketing.

Strategic Partnerships

Strategic partnerships also play a role in revenue generation. Collaborations with other tech companies and government agencies have resulted in contracts worth $1 million in new business in 2022.

Competitive Landscape

Intrusion faces competition from larger firms such as Palo Alto Networks and CrowdStrike, which dominate the cybersecurity landscape. However, Intrusion differentiates itself with specialized government offerings and a focus on small to mid-sized enterprises.

Operational Efficiency

The company's operational efficiency has improved, with a reported gross margin of 37% in 2022, up from 33% in 2021, reflecting better cost management strategies.

Investment in R&D

Research and development expenses totaled $2 million in 2022, accounting for approximately 16% of total revenue, highlighting the company's commitment to innovation in cybersecurity solutions.