On Monday, Intrusion Inc. (OTCQB:INTZ)’s shares saw a no move of +0.00% to close at $0.30 with trading volume of 0 shares. After a look at recent stock move, shares of the company have traded +0.57% off of the 50-day moving average and -5.91% off the 200-day moving average.
Intrusion Inc. (OTCQB:INTZ) recently reported financial results for the quarter ended March 31, 2017. Intrusion’s net loss was $351 thousand in the first quarter 2017, compared to net loss of $544 thousand for the first quarter 2016. Revenue for the first quarter 2017 was $1.56 million, compared to $1.51 million for the first quarter 2016. Gross profit margin was 63% of revenue in the first quarter 2017; compared to 64% in the first quarter 2016. Intrusion’s first quarter 2017 operating expenses were $1.28 million; compared to $1.48 million in the first quarter 2016. As of March 31, 2017, Intrusion reported cash and cash equivalents of $0.2 million, a working capital deficiency of $0.6 million and debt of $3.6 million.
“We booked $2.3 million of orders in the first four months of 2017 consistent with the $2.3 million of orders in the first four months of 2016. Gross profit as a percent of revenue was 63% in the first quarter of 2017, slightly below our goal of 65%, due to product mix. Our top priority in 2017 is to increase sales. We have significantly increased our sales pipeline from new potential customers. At this time, our pipeline of TraceCop business includes fourteen new customers and five existing customers. Our pipeline of Savant business includes nine new customers and two existing customers,” stated G. Ward Paxton, President and CEO of Intrusion.
Shares of Intrusion Inc. (OTCQB:INTZ) have been recorded at -69.99% distanced from the 52-week high of $1.00 and +150.00% away from the 52-week low of $0.12. Monitoring the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.
Intrusion Inc. (Intrusion) develops, markets and supports a range of entity identification, data mining, cybercrime and advanced persistent threat detection products. The Company’s product families include TraceCop, which is for identity discovery and disclosure and consists of a database of worldwide Internet Protocol (IP) addresses, and Savant, which is a data mining product for network data mining and advanced persistent threat detection.