Intellinetics, Inc. - INLX STOCK NEWS

Intellinetics (NYSE American: INLX), a digital transformation solutions provider, will release its second quarter 2024 financial results on August 13, 2024, after market close. The results cover the period ending June 30, 2024. Management will discuss the financial performance during a live webcast at 4:30 p.m. ET on the same day. Interested parties can access the webcast via the Intellinetics website or dial in at (877) 407-8133 (toll-free) or (201) 689-8040. A replay of the call will be available until August 27, 2024, using replay access code 13748254 by dialing (877) 660-6853 (toll-free) or (201) 612-7415.

Intellinetics (NYSE American: INLX) reported a 7.7% increase in total revenue for Q1 2024, reaching $4.5 million compared to $4.2 million in Q1 2023. This growth was driven by a 13.5% rise in SaaS revenue and a 7.9% increase in professional services revenue. However, the company experienced a net loss of $174,714, or $0.04 per share, largely due to a $397,901 charge related to restricted stock awards. Adjusted EBITDA rose by 6.9% to $673,362. Despite increased operating expenses, recurring revenue grew by 12.2%, now comprising 61% of total revenue. The company plans to focus on expanding its IPAS product and prepaying additional debt.

Intellinetics, Inc. (NYSE American: INLX) will host a conference call to discuss its first quarter 2024 financial results on May 14, 2024, after the market close.

Intellinetics, Inc. (INLX) reported a 20.5% increase in total revenue for the full year 2023, with Software as a Service revenue growing by 27.8%. The company made a $500,000 debt prepayment and ended the year with less than $1.8 million in debt. Adjusted EBITDA increased by 13.7% to $2,744,649. The company reiterated expectations of revenue and EBITDA growth for 2024, driven by the IPAS offering.

Intellinetics, Inc. (NYSE American: INLX) will announce its Q4 and full-year 2023 financial results on March 28, 2024. The management will discuss the results in a live webcast at 4:30 p.m. ET. Interested parties can access the webcast through the Intellinetics website or by dialing in. A replay will be available until April 11, 2024.

Intellinetics, Inc. (NYSE American: INLX) is showcasing its IntelliCloud™ content management platform and document scanning services at the Ohio Association of County Boards (OACB) 40th Annual Convention. The company's solutions are designed to improve service level delivery while decreasing costs and risks for Ohio's county boards of developmental disabilities. The event aims to bring fresh perspectives and innovative solutions to boost productivity, embrace new technologies, and harness the power of AI.

Intellinetics, Inc. (NYSE American: INLX) announced financial results for the three and nine months ended September 30, 2023, revealing a 10.0% increase in total revenue, a 6.8% rise in Software as a Service revenue, and a 16.2% growth in professional services revenue. The company's net income was $209,331, and Adjusted EBITDA decreased 12.7% to $708,749. The recently announced IPAS product has generated signed contracts yielding over $475,000 in annualized SaaS recurring revenue, expected to be operational by March 2024.

INLX - Intellinetics, Inc. Showcases IntelliCloud™ Payables Automation System for NEWSTAR at Build Smarter 2023 Conference, leveraging artificial intelligence and integration capabilities to revolutionize accounts payable management in the building industry.

INLX Intellinetics, Inc. to Report Q3 2023 Financial Results on November 14, 2023. Live Webcast and Dial-in Details Available