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.

Processing Content

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER
Load More