Intrusion (INTZ) Registration Filing summary

Company overview and business model

• Operates as a cybersecurity company providing advanced threat intelligence and real-time mitigation solutions to government and enterprise clients, leveraging a proprietary database of over 8.5 billion IP addresses.

• Commercial product launched in 2021 after years of serving government entities; distributed via resellers, managed service providers, and direct sales.

• Customers include U.S. federal, state, and local government agencies, as well as mid-market to large enterprises.

Financial performance and metrics

• As of January 29, 2025, 19,342,776 shares of common stock were outstanding, with a public float valued at $112.9 million based on a $6.32 average share price.

• Net tangible book value as of September 30, 2024, was $2.4 million, or $0.324 per share.

• A registered direct offering in January 2025 raised $7.5 million in gross proceeds.

• During 2024, a Standby Equity Purchase Agreement (SEPA) resulted in $1.86 million in net proceeds from the sale of 1.2 million shares.

Use of proceeds and capital allocation

• Net proceeds from offerings will be used for general corporate purposes, including repayment or refinancing of debt, working capital, capital expenditures, acquisitions, and other investments.

• Management has broad discretion over the allocation of proceeds.