Intrusion reports Q3 revenue of $2.7 million, up 36% year-over-year
INTZ Intrusion Inc
$0.54 -7.27%
View chart & analysis → - 1Intrusion Inc. recorded Q3 revenue of $2.7 million, achieving a 36% year-over-year revenue growth rate.
- 2VigilAigent contributed $800,000 in Q3 revenue, accounting for 28% of total revenue.
- 3Management and the board voluntarily agreed to reduce cash compensation in exchange for equity.
So what's the key point?
Intrusion Inc. revenue grew by 36% compared to last year in the third quarter. The company reduced costs as management agreed to receive stock instead of cash salaries.
Source The Motley Fool +1 · View original ↗
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