Business Context and Reporting Period
Company: Intrusion Inc. (INTZ)
Filing Type: Form 8-K (Current Report)
Date of Report: January 29, 2025
Reporting Period: Event date January 29, 2025; Compliance period December 27, 2024 through January 28, 2025.
Key Financial Metrics
This filing is a Current Report (Form 8-K) regarding corporate governance and listing status. It does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data.
Material Changes
- Listing Compliance: The Company previously received notice on October 28, 2024, of non-compliance with Nasdaq Listing Rule 5550(a)(2) due to a closing bid price below $1.00 for 30 consecutive business days.
- Resolution: On January 29, 2025, Nasdaq notified the Company that it regained compliance. The closing bid price was $1.00 or greater for the last 20 consecutive business days (December 27, 2024, through January 28, 2025).
- Status: The matter regarding the minimum bid price requirement is now closed.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the resolution of the delisting risk associated with the minimum bid price requirement. No forward-looking guidance, financial outlook, or new risk factors are disclosed in this document.
Unusual Items: None reported beyond the resolution of the prior listing deficiency.
Investor Verification Checklist
- Verify the current trading price of INTZ on the Nasdaq Capital Market to ensure continued compliance with the $1.00 minimum bid price.
- Review the Company's most recent 10-K or 10-Q filings for financial performance data, as this 8-K contains no financial metrics.
- Monitor future communications from Nasdaq to ensure no new listing deficiencies arise.