2023-03-14 05:00:39 ET
Summary
- INTZ has struggled to close deals with strategic partners and potential customers despite a robust pipeline.
- The company needs to immediately raise cash to meet its obligations, leading to significant dilution.
- Despite the difficulties in closing a deal, INTZ has not lost any of its new prospective customers.
- The company recently announced two partnerships (Netgate and NetFoundry) that should help expand their customer base and bolster their possibility of signing a larger strategic partner.
- Even after the upcoming dilution, the opportunity with INTZ is enormous if they succeed in the cybersecurity marketplace.
For further details see:
Intrusion Stumbles, But Long-Term Bull Thesis Still Intact