One-glance verdict
Undervalued
$4.97 our estimate vs market $0.75
Wall Street consensus: $9.00 (81.1% higher than our fair-value estimate)
85% below our estimate, below the bear case
Fundamentals snapshot
Intrusion Inc.
INTZ · NCM · Technology · Software - Infrastructure
Current price
$0.75
52-week range
$0.59 - $2.27
Market cap
$18.41M
Balance sheet
Distressed
-113.14x Concerning
Net debt $4.61M. Interest coverage shows how many times profit covers the interest bill.
What stands out
2 Rewards
1 Risk
2 rewards · 1 risks
- Reward Revenue grew 2.2% last year.
- Reward Free cash flow was positive in 3/10 years.
- Risk Return on equity was -141.0% last year — the company lost money on shareholders' equity.
What this company does
Intrusion Inc.
Intrusion is a cybersecurity company that helps governments and businesses protect their computer systems from internet threats. It earns money mainly by selling subscriptions to its software, which acts like a security guard by automatically blocking dangerous connections. This focus on subscriptions is key because it aims to generate recurring revenue (income that comes in regularly, like a Netflix subscription), which can make a company's sales more predictable.
How the company got here
Intrusion was founded way back in 1983, originally named Optical Data Systems, and started out by making computer networking equipment. In the late 1990s, as the internet grew, the company shifted its focus to cybersecurity to protect those networks. It officially changed its name to Intrusion in 2001 and has since concentrated on protecting companies and government agencies from online threats. A key recent change was in 2020 and 2021 when new leadership refocused the company on its current main product, INTRUSION Shield.
What it actually does
Intrusion is a cybersecurity company that acts like a security guard for a company's computer network. For decades, it has been collecting a massive library of information on the good and bad actors on the internet, tracking the reputation of billions of Internet Protocol (IP) addresses (the unique address for a device on the internet). The company uses this huge database to help its customers, which include U.S. government agencies and various businesses, block online threats before they can cause damage. Instead of just sounding an alarm after a break-in, Intrusion's goal is to stop the intruder at the door.
Cybersecurity Solutions
The company makes all of its money by selling cybersecurity products and related services under one main business line. Its main product is called INTRUSION Shield, a subscription service that monitors a customer's network traffic and automatically blocks connections from known or suspicious sources. It also offers tools like TraceCop, which is like a detective's kit for investigating cyber threats, and Savant, for real-time network monitoring. Customers, primarily in the United States, pay for these software solutions and for expert consulting services to help set up and manage their network security.
What management is betting on now
Management is focused on growing by combining its technology with a company it recently acquired, VigilAigent, to create a stronger, all-in-one cybersecurity platform. A major goal is to increase its annual recurring revenue (the predictable income from subscriptions) by selling to both commercial businesses and its traditional government customers. They are also heavily focused on selling through partners, like managed service providers (companies that manage IT services for other businesses), to reach more customers. By integrating their products and cutting overlapping costs, the company aims to reach profitability (the point where it earns more money than it spends).
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$-2.11M
FY2024 Q4
$-645.00K
FY2025 Q1
$-2.08M
FY2025 Q2
$-1.89M
FY2025 Q3
$-3.01M
FY2025 Q4
$-549.00K
FY2026 Q1
$-1.88M
FY2026 Q2
$-3.59M
Revenue
—
Net income
$-2.59M
Diluted EPS
-0.13
Operating cash flow
$-3.59M
Free cash flow
$-3.59M
Fetching…
Sources
Revenue
—
Net income
$-3.56M
Diluted EPS
-0.18
Operating cash flow
$-1.82M
Free cash flow
$-1.88M
Fetching…
Sources
Revenue
$7.01M
Net income
$-2.83M
Diluted EPS
-0.15
Operating cash flow
$-531.00K
Free cash flow
$-549.00K
Fetching…
Sources
Revenue
—
Net income
$-2.09M
Diluted EPS
-0.10
Operating cash flow
$-2.98M
Free cash flow
$-3.01M
Fetching…
Sources
Revenue
—
Net income
$-2.04M
Diluted EPS
-0.10
Operating cash flow
$-1.56M
Free cash flow
$-1.89M
Fetching…
Sources
Revenue
—
Net income
$-2.10M
Diluted EPS
-0.11
Operating cash flow
$-1.69M
Free cash flow
$-2.08M
Fetching…
Sources
Revenue
$5.77M
Net income
$-1.96M
Diluted EPS
0.19
Operating cash flow
$-178.00K
Free cash flow
$-645.00K
Fetching…
Sources
Revenue
—
Net income
$-2.05M
Diluted EPS
-0.35
Operating cash flow
$-2.08M
Free cash flow
$-2.11M
Fetching…
Sources
Is it cheap or expensive?
Fair value $4.97 vs current price $0.75
Wall Street consensus is the average analyst price target: $9.00 (81.1% higher than our fair-value estimate).
Our most-likely fair value is $4.97 a share — about 561.3% above today's price of $0.75, so the stock currently looks cheap (undervalued).
Is it drowning in debt?
Distressed
Net debt $4.6M. Interest coverage -113.1x.
Net debt
$4.61M
Interest coverage
-113.14x
Intrusion Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 4 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Distressed
Worse cushion
Baseline
Better cushion
INTZ
BASELINE
Intrusion Inc.
Total debt $4.79M Interest coverage -113.14x This is the baseline the peer rows are being compared against.
Total debt $3.81M Interest coverage -1,171.65x Neither company has much profit cushion over interest right now.
Total debt $861.85K Interest coverage -71.19x Neither company has much profit cushion over interest right now.
Total debt $4.49M Interest coverage -0.95x Neither company has much profit cushion over interest right now.
Total debt $5.80M Interest coverage -1,027.65x Neither company has much profit cushion over interest right now.
Total debt $2.77M Interest coverage 9.29x This peer still has a real interest-payment cushion, while INTZ does not.
What you should know
The case for and against INTZ
2 Rewards
1 Risk
Rewards
-
Revenue grew 2.2% last year.
-
Free cash flow was positive in 3/10 years.
Risks
-
Return on equity was -141.0% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
-3.27x
P/B
6.11x
P/S
3.18x
EV/EBITDA
-2.59x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
73.1%
Operating margin
-171.6%
Net margin
-191.3%
ROE
-141.0%
ROA
-47.8%
Health
Liquidity and balance-sheet strength
Debt / equity
1.17x
Current ratio
0.39x
Quick ratio
0.27x
Total debt
$4.79M
Total cash
$182.00K
Growth
How the business has been compounding
Revenue TTM
$21.33M
Revenue 5Y CAGR
-0.7%
EPS TTM
-0.55
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-8.92M
Free CF TTM
$-7.54M
FCF margin
-35.3%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
—