Business Context and Reporting Period
Company: Intrusion Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: September 26, 2024
Reporting Period: The filing reports a specific event occurring on September 26, 2024, rather than a standard quarterly or annual financial period.
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue totals, profit figures, cash flow data, margins, debt levels, or liquidity metrics. The only specific financial figure disclosed is related to a new contract award.
- New Contract Value: $2.0 million
- Contract Duration: 12 months
- Revenue Recognition Start: Third quarter of 2024
Material Changes
The material change reported is the award of a $2.0 million contract with the U.S. Department of Defense to support cybersecurity efforts. This contract is expected to begin contributing to earnings results in the third quarter of 2024.
Guidance, Outlook, and Risks
Management Commentary: The company announced the contract award via a press release incorporated by reference. The filing indicates the contract will support the company's cybersecurity efforts.
Outlook: The contract is projected to impact earnings starting in Q3 2024.
Risks and Contingencies: The filing text does not provide specific details regarding risks, contingencies, or unusual items beyond the standard disclosure of the contract award.
Investor Verification Checklist
- Verify the terms and performance milestones of the $2.0 million U.S. Department of Defense contract.
- Confirm the specific timing of revenue recognition within the third quarter of 2024.
- Review the attached press release (Exhibit 99.1) for additional details on the scope of cybersecurity services.
- Check subsequent filings for the actual financial impact of this contract on quarterly results.