trendzone
1 년 전
Relax are kidding, this stock has been trading like a total piece of toxic trash, the scm bags used the news last week that they piggy backed on, as a tool to toxic unload as much as they could, and sincr get cut it in half, not until that BS ends, will it go any where but where it's currently stuck in a dead zone.
Renee
1 년 전
INTZ: SEC Charges Dallas Area Cybersecurity Company with Fraud
The Securities and Exchange Commission today filed a complaint against Intrusion Inc. ("Intrusion") for making false and misleading statements in 2020 and 2021, primarily through its former CEO, regarding the company's purported success in marketing a cybersecurity product, the terms of multiple contracts, and the background and experience of its former CEO. Intrusion has agreed to settle the SEC's charges.
The SEC's complaint alleges that from May 2020 through May 2021, Intrusion made materially false and misleading statements in press releases, earnings calls, interviews, and other public statements. As alleged in the complaint, Intrusion overstated its success in marketing Intrusion Shield, a new cybersecurity product, by falsely representing that most or nearly all beta-testing participants had converted to paying customers, when in fact less than half of such participants became paying customers. In addition, the SEC alleges that Intrusion misled investors about three customer relationships by omitting material information about the economic terms of one contract, prematurely claiming that a second contract had been executed, and falsely claiming that a third customer had signed a contract when it had not. Finally, the complaint alleges that Intrusion made misleading statements about the qualifications, experience, and accomplishments of its former CEO.
The SEC's complaint, filed in U.S. District Court for the Eastern District of Texas, charges Intrusion with violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5 thereunder and Section 17(a) of the Securities Act of 1933, and the current reporting and disclosure controls and procedures provisions of Section 13(a) of the Exchange Act and Rules 13a-11 and 13a-15(a) thereunder. The SEC seeks permanent injunctions against Intrusion. Without admitting or denying the SEC's allegations, Intrusion has agreed to settle the matter by consenting to the entry of a final judgment that addresses all charges and relief sought by the SEC. The settlement is subject to court approval.
The SEC's investigation was conducted by staff of the SEC's Fort Worth Regional Office, including Melvin Warren, and supervised by Nikolay V. Vydashenko and Eric R. Werner. The SEC's litigation is being conducted by Jason Rose and supervised by B. David Fraser. The investigation is ongoing.
https://www.sec.gov/litigation/litreleases/lr-25854
SEC Complaint:
https://www.sec.gov/files/litigation/complaints/2023/comp25854.pdf
doobie1
4 년 전
Why A Cybersecurity Expert Who Calls Intrusion And Its New Shield Product “Garbage” - $4 Price Target (INTZ)
Here are the summary points:
Intrusion (INTZ) hired a promotional CEO last year, launched a new product called Shield, and its stock has risen 800%+.
Shield has no patents, certifications, or insurance, which are all essential for a new cybersecurity product.
Shield is based on open-source data already available to the public.
The datasheets and white papers on INTZ’s website don’t show details on what their products do, they just have empty buzzwords.
The companies that took part in Shield’s beta test case study are associated parties.
INTZ’s new chairman of the board, Tony LeVecchio, was also the chairman of the board for UniPixel (UNXLQ), which was a touch screen technology pump and dump scam that went bankrupt and faced SEC charges.
INTZ’s own investor relations rep said the former CFO, who was with the company for 34 years, resigned because he’s “scared to death”.
The Paxton family sold hundreds of thousands of INTZ at $8 apiece in October of last year, and are continually selling shares today, with millions more shares to go.
Read the full report here
https://whitediamondresearch.com/research/why-we-agree-with-a-cybersecurity-expert-who-calls-intrusion-and-its-new-shield-product-garbage-4-price-target/
Golden Cross
5 년 전
Intrusion Inc. Reports Net Income of $1.5 Million and Revenue of $3.9 Million in the Third Quarter of 2019
Press Release | 11/11/2019
RICHARDSON, Texas, Nov. 11, 2019 (GLOBE NEWSWIRE) -- Intrusion Inc. (OTCQB: INTZ), (“Intrusion”) announced today financial results for the three and nine months ended September 30, 2019.
Intrusion’s net income was $1.5 million in the third quarter 2019 compared to a net income of $0.62 million in the third quarter 2018.
Intrusion’s revenue for the third quarter 2019 was $3.9 million compared to $2.7 million in the third quarter 2018.
Gross profit was $2.4 million or 62 percent of revenue in the third quarter of 2019 compared to $1.7 million or 64 percent of revenue in the third quarter 2018.
Intrusion’s third quarter 2019 operating expenses were $0.9 million compared to $1.0 million for the third quarter 2018.
As of September 30, 2019, Intrusion reported cash and cash equivalents of $2.1 million and working capital of $2.9 million.
Intrusion’s management will host its regularly scheduled quarterly conference call to discuss the Company’s financial and operational progress at 4:00 P.M., CST today. Interested investors can access the call at 1-877-258-4925 (if outside the United States, 1-973-500-2152). For those unable to participate in the live conference call, a replay will be accessible beginning today at 7:00 P.M., CST until November 18, 2019 by calling 1-855-859-2056 (if outside the United States, 1-404-537-3406). At the replay prompt, enter conference identification number 2177277. Additionally, a live and archived audio webcast of the conference call will be available at www.intrusion.com.
About Intrusion Inc.
Intrusion Inc. is a global provider of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products. Intrusion’s product families include TraceCop™ for identity discovery and disclosure, and Savant™ for network data mining and advanced persistent threat detection. Intrusion’s products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks. For more information, please visit www.intrusion.com.
This release may contain certain forward-looking statements, which reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements involve a number of risks and uncertainties. Such statements include, without limitations, statements regarding future revenue growth and profitability, the difficulties in forecasting future sales caused by current economic and market conditions, the difficulties in producing timely renewals of contracts, the effects of sales and implementation cycles for our products on our quarterly results, and difficulties in accurately estimating market growth, the effect of military actions on government and corporate spending on information security products, spending patterns of, and appropriations to, U.S. government departments, as well as other statements. These statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements. The factors that could cause actual results to differ materially from expectations are detailed in the Company's most recent reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.”
Financial Contact
Michael L. Paxton
972.301.3658, mpaxton@intrusion.com
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