Achieved seque tial eve ue g owth of 64% du i g the seco d qua te of 2026.
Completed the acquisitio of VigilAige t to c eate a AI- ative cybe secu ity platfo m a d imp ove the Compa y’s top li e by addi g app oximately $3.5 millio i a ual ecu i g eve ue f om multi-yea co t acts.
Hosted a Tech ology & I ovatio Day highlighti g the combi ed capabilities powe of I t usio a d VigilAige t’s tech ologies.
Sig ed a $4 millio a ual co t act to delive cybe th eat i tellige ce a d c itical i f ast uctu e p otectio to the state of Texas.
Adva ced i teg atio of the combi ed o ga izatio s while mai tai i g custome suppo t a d se vice co ti uity.
Ide tified mo e tha $3 millio of pote tial a ualized ope ati g cost sy e gies.
Co ti ued comme cial mome tum th ough custome e ewals, ew busi ess, a d pa t e e gageme t.
Expa ded the Compa y’s st ategic fou datio with e ha ced Ai capabilities, ma aged secu ity expe tise, a d a b oade comme cial platfo m.
“The seco d qua te was a pivotal o e fo I t usio . We etu ed to seque tial eve ue g owth a d esto ed the eve ue u ate achieved p io to the fu di g delay associated with the Depa tme t of Wa co t act. We also made sig ifica t p og ess i positio i g ou busi ess fo futu e g owth, as demo st ated by ou ece t acquisitio of VigilAige t,” said To y Scott, P eside t & Chief Executive Office of I t usio . “The additio of VigilAige t will be immediately acc etive to ou top li e esults by addi g app oximately $3.5 millio of a ual ecu i g eve ue ove the upcomi g qua te s f om a dive sified base of multi-yea custome co t acts. We believe that i teg ati g VigilAige t’s tech ology with I t usio ‘s will c eate a u ified platfo m that expa ds ou ability to se ve la ge e te p ise custome s, st e gthe s ou competitive positio , a d d ives st ategic custome acquisitio a d lo g-te m o ga ic g owth.”
M . Scott co cluded, “As we look towa d the seco d half of fiscal 2026, we a e co fide t that we will begi to see a steady imp oveme t i ou fi a cial esults. The quality a d visibility of ou eve ue has al eady imp oved, a d we expect this t e d to co ti ue as we fu the expa d ou sales pipeli e. This gives us g eat co fide ce that we emai o t ack to t a sitio I t usio to p ofitability i fiscal yea 2027 a d c eate value fo ou sha eholde s.”
Reve ue fo the seco d qua te of 2026 was $1.5 millio , ep ese ti g a i c ease of 64% o a seque tial basis a d a dec ease of 22% compa ed to the p io yea pe iod. Pe fo ma ce co ti ued to be impacted by delays i the awa d of a key U.S. gove me t co t act. The Compa y emai s optimistic that a mea i gful po tio of the associated eve ue will be ealized i futu e pe iods subject to fi al awa d timi g a d fu di g app ovals.
The g oss p ofit ma gi was 66% fo the seco d qua te of 2026, compa ed to 74% fo the fi st qua te of 2026 a d 76% fo the p io yea pe iod. G oss ma gi va ies based o p oduct mix.
Ope ati g expe se fo the seco d qua te of 2026 was $3.4 millio , a dec ease of $0.8 millio seque tially a d a dec ease of less tha $0.1 millio compa ed to the seco d qua te of 2025.
Net loss fo the seco d qua te of 2026 was $2.6 millio , o $(0.13) pe sha e, compa ed to a et loss of $2.0 millio , o $(0.10) pe sha e, i the seco d qua te of 2025.
As of Ju e 30, 2026, cash a d cash equivale ts we e $0.2 millio .
I t usio ‘s ma ageme t will host a co fe e ce call today at 5:00 P.M. EDT. I te ested i vesto s ca access the live call by diali g 1-888-506-0062, o 1-973-528-0011 fo i te atio al calle s, a d p ovidi g the followi g access code: 848276. The call will also be webcast live (LINK) Fo those u able to pa ticipate i the live co fe e ce call, a eplay will be accessible begi i g to ight at 7:00 P.M. EDT u til August 26, 2026, by diali g 1-877-481-4010, o 1-919-882-2331 fo i te atio al calle s, a d e te i g the followi g access code: 54153. Additio ally, a live a d a chived audio webcast of the co fe e ce call will be available at www.i t usio .com.
I t usio I c. is a cybe secu ity compa y based i Pla o, Texas, specializi g i adva ced th eat i tellige ce. At the co e of its capabilities is a p op ieta y database that catalogs the histo ical behavio , associatio s, a d eputatio al isk of IPv4 a d IPv6 add esses, domai ames, a d host ames. Built o yea s of gathe i g global i te et i tellige ce a d suppo ti g gove me t e tities, this data fo ms the backbo e of I t usio ‘s comme cial solutio s.
This p ess elease co tai s fo wa d-looki g stateme ts withi the mea i g of Sectio 27A of the Secu ities Act of 1933, as ame ded, a d Sectio 21E of the Secu ities Excha ge Act of 1934, as ame ded, which stateme ts i volve substa tial isks a d u ce tai ties. All stateme ts othe tha stateme ts of histo ical facts co tai ed he ei , i cludi g stateme ts ega di g ou fi a cial positio ; ou ability to co ti ue ou busi ess as a goi g co ce ; ou busi ess, sales, a d ma keti g st ategies a d pla s; ou ability to successfully ma ket, sell, a d delive ou I t usio Shield comme cial p oduct a d solutio s to a expa di g custome base; a e fo wa d-looki g stateme ts. I some cases, you ca ide tify fo wa d-looki g stateme ts because they co tai wo ds such as “a ticipate,” “believe,” “co template,” “co ti ue,” “could,” “estimate,” “expect,” “i te d,” “may,” “pla ,” “pote tial,” “p edict,” “p oject,” “should,” “ta get,” “will,” o “would” o the egative of these wo ds o othe simila te ms o exp essio s. Fo wa d-looki g stateme ts co tai ed i this p ess elease i clude, but a e ot limited to, such stateme ts.
You should ot ely o fo wa d-looki g stateme ts as p edictio s of futu e eve ts. We have based the fo wa d-looki g stateme ts co tai ed i this p ess elease p ima ily o ou cu e t expectatio s a d p ojectio s about futu e eve ts a d t e ds that we believe may affect ou busi ess, fi a cial co ditio , a d ope ati g esults. The outcome of the eve ts desc ibed i these fo wa d-looki g stateme ts is subject to isks, u ce tai ties, a d othe facto s desc ibed i ou fili gs with the Secu ities a d Excha ge Commissio , i cludi g but ot limited to ou most ece t a ual epo t o Fo m 10-K a d qua te ly epo ts o Fo m 10-Q, as the same may be updated f om time to time.
The fo wa d-looki g stateme ts made he ei elate o ly to eve ts as of the date o which the stateme ts a e made. We u de take o obligatio to update a y fo wa d-looki g stateme ts made i this p ess elease to eflect eve ts o ci cumsta ces afte the date he eof o to eflect ew i fo matio o the occu e ce of u a ticipated eve ts, except as equi ed by law.
Alpha IR G oupMike Cummi gs o Josh Ca oll
(u audited) | Cu e t Assets: | Cash a d cash equivale ts | $ | 182 | $ | 3,624 | Accou ts eceivable, et of allowa ce of $0.1 millio | 1,452 | 131 | P epaid expe ses a d othe assets | 682 | 476 | Total cu e t assets | 2,316 | 4,231 | No cu e t Assets: | P ope ty a d equipme t: | Equipme t | 2,983 | 2,917 | Capitalized softwa e developme t | 6,252 | 5,663 | Leasehold imp oveme ts | 18 | 18 | P ope ty a d equipme t, g oss | 9,253 | 8,598 | Accumulated dep eciatio a d amo tizatio | (5,070 | ) | (4,313 | ) | P ope ty a d equipme t, et | 4,183 | 4,285 | Goodwill | 4,299 | – | Fi a ce leases, ight-of-use assets (“ROU”), et | 163 | 222 | Ope ati g leases, ROU, et | 1,247 | 1,392 | Othe assets | 263 | 257 | Total o cu e t assets | 10,155 | 6,156 | $ | 12,471 | $ | 10,387 | Cu e t Liabilities: | Accou ts payable, t ade | $ | 2,277 | $ | 492 | Acc ued expe ses | 522 | 357 | Fi a ce lease liabilities, cu e t po tio | 99 | 167 | Ope ati g leases liabilities, cu e t po tio | 79 | 266 | Notes payable, cu e t po tio | 2,236 | – | Defe ed eve ue | 794 | 503 | Total cu e t liabilities | 6,007 | 1,785 | No cu e t Liabilities: | Fi a ce lease liabilities, o cu e t po tio | 5 | 6 | Ope ati g lease liabilities, o cu e t po tio | 1,340 | 1,319 | Notes payable, o cu e t po tio | 1,034 | – | Total o cu e t liabilities | 2,379 | 1,325 | Commitme ts a d Co ti ge cies – (See Note 5) | Stockholde s’ Equity: | P efe ed stock, $0.01 pa value: Autho ized sha es – 5,000; Issued sha es – 0 i 2026 a d 2025 | – | – | Commo stock, $0.01 pa value: Autho ized sha es – 80,000; Issued sha es – 22,758 i 2026 a d 20,117 i 2025; Outsta di g sha es – 22,757 i 2026 a d 20,116 i 2025 | 228 | 201 | Commo stock held i t easu y, at cost – 1 sha e(s) | (362 | ) | (362 | ) | Additio al paid-i capital | 136,187 | 134,547 | Accumulated deficit | (133,219 | ) | (127,066 | ) | No co t olli g i te est | 1,294 | – | Accumulated othe comp ehe sive loss | (43 | ) | (43 | ) | Total stockholde s’ equity | 4,085 | 7,277 | $ | 12,471 | $ | 10,387 |
Reve ue | $ | 1,453 | $ | 1,873 | $ | 2,341 | $ | 3,648 | Cost of eve ue | 488 | 442 | 717 | 874 | G oss p ofit | 965 | 1,431 | 1,624 | 2,774 | Ope ati g expe ses: | Sales a d ma keti g | 1,365 | 1,207 | 2,995 | 2,391 | Resea ch a d developme t | 1,145 | 1,332 | 2,596 | 2,550 | Ge e al a d admi ist ative | 948 | 978 | 2,098 | 2,012 | Ope ati g loss | (2,493 | ) | (2,086 | ) | (6,065 | ) | (4,179 | ) | I te est expe se | (110 | ) | (21 | ) | (121 | ) | (50 | ) | Othe i come, et | 7 | 65 | 27 | 89 | Net loss | (2,596 | ) | (2,042 | ) | (6,159 | ) | (4,140 | ) | Less et loss att ibutable to o co t olli g i te ests | (6 | ) | – | (6 | ) | – | Net loss att ibutable to I t usio , I c. | $ | (2,590 | ) | $ | (2,042 | ) | $ | (6,153 | ) | $ | (4,140 | ) | Net loss pe sha e: | Basic | $ | (0.13 | ) | $ | (0.10 | ) | $ | (0.30 | ) | $ | (0.21 | ) | Diluted | $ | (0.13 | ) | $ | (0.10 | ) | $ | (0.30 | ) | $ | (0.21 | ) | Weighted ave age commo sha es outsta di g: | Basic | 20,395 | 19,895 | 20,335 | 19,557 | Diluted | 20,395 | 19,895 | 20,335 | 19,557 |
