Cybersecurity firm Intrusion Q3 revenue climbs on expanded U.S. defense department contracts
Cybersecurity firm Intrusion reported a 31% year-over-year increase in Q3 revenue, driven by expanded contracts with the U.S. Department of Defense. Despite a net loss of $2.1 million, the company launched its Shield Cloud on AWS Marketplace, marking a significant milestone for future growth. Analysts maintain a "buy" rating on the stock, with a 12-month price target of $7.00, reflecting a potential 74.4% upside from its recent closing price of $1.79.
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Overview
- Intrusion Q3 revenue grows 31% yr/yr
- Company posts net loss of $2.1 mln, flat compared to prior year
- Intrusion launches Shield Cloud on AWS Marketplace, aiming for long-term growth
Outlook
- Intrusion anticipates further adoption of Shield Endpoint product in coming quarters
- Intrusion sees AWS Marketplace launch as milestone for long-term growth
Result Drivers
- DEFENSE CONTRACT - Revenue growth driven by contract expansion with U.S. Department of Defense for infrastructure solutions
- AWS MARKETPLACE LAUNCH - Launch of Intrusion Shield Cloud on AWS Marketplace seen as milestone for long-term growth
- SHIELD ENDPOINT MOMENTUM - Strong momentum for Shield Endpoint product from PortNexus contributing to growth
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 $1.97 $1.91
Revenue mln mln (2
Analysts
)
Q3 EPS -$0.10
Q3 Net -$2.09
Income mln
Q3 Gross 77.00%
Margin
Q3 Gross $1.51
Profit mln
Q3 -$2.14
Operatin mln
g Income
Analyst Coverage
- The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 1 “strong buy” or “buy”, 1 “hold” and no “sell” or “strong sell”
- The average consensus recommendation for the it services & consulting peer group is “buy”
- Wall Street’s median 12-month price target for Intrusion Inc is $7.00, about 74.4% above its November 10 closing price of $1.79
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
