Intrusion Inc. Reports NetLoss
RICHARDSON, Texas - (02/10/06) Start-up Intrusion Inc., themaker of the Compliance Commander fraud protection system, said netlosses for its fourth quarter widened slightly to $900,000, form$800,000, for the fourth quarter in 2004, but fiscal year lossesnarrowed to $3.3 million, compared to 44.6 million the year before.The company reported fourth quarter revenue of $1.1 million, downfrom $2 million in the fourth quarter in 2004, and fiscal yearrevenue of $6 million, the same as the year before. Intrusion CEOG. Ward Paxton said the company is disappointed by the fourthquarter results but optimistic in that it has 83 orders worth $2.5million in revenue pending form credit unions and banks forCompliance Commander. The majority of Intrusion's revenue in thefourth quarter came from the company's other two product lines:TraceCop Entity Identification Systems and SecureNet IntrusionPrevention/Detection Systems. The majority of revenue from thesetwo products resulted from sales to the U.S. Government.