2023-05-11 17:15:04 ET
- Intrusion press release ( NASDAQ: INTZ ): Q1 GAAP EPS of -$0.22 misses by $0.01 .
- Revenue of $1.3M (-29.3% Y/Y) misses by $0.55M .
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The gross profit margin was 76% for the first quarter of 2023, compared to 51% in the first quarter of 2022.
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Operating expenses in the first quarter of 2023 were $5.0 million, an increase from $0.1 million in the comparable quarter of last year.
- As of March 31, 2023, cash and cash equivalents were $0.4 million, down from $3.0 million on December 31, 2022. Subsequent to quarter end,
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Intrusion GAAP EPS of -$0.22 misses by $0.01, revenue of $1.3M misses by $0.55M