Intrusion

Q2 FY2026 EarningsQ2 FY26 results presented a mixed profile with revenue roughly in line with consensus at $1.45M vs. $1.50M expected, reflecting a 64% QoQ recovery but a 22% YoY decline due to government contract delays. Profitability significantly missed expectations, with gross margin at 66.0% vs. the 80.0% mean estimate, and a GAAP EPS loss of $0.13, wider than the $0.10 expected loss. The acquisition of VigilAigent adds $3.5M in ARR and $3M in cost synergies, supporting management's target for FY27 profitability despite current liquidity constraints (cash of $0.2M).