Welcome to our dedicated page for Intellinetics news (Ticker: INLX), a resource for investors and traders seeking the latest updates and insights on Intellinetics stock.
Intellinetics, Inc. (NYSE American: INLX) is a digital transformation solutions provider focused on secure automation, document management, and document conversion for regulated and resource-constrained organizations. News about Intellinetics often centers on its IntelliCloud content management platform, payables automation offerings, and project-based document scanning and micrographics conversion services.
Investors following INLX news can expect regular updates on software as a service (SaaS) growth, professional services activity, and storage and retrieval services performance, as reported in quarterly earnings releases and related conference call announcements. Company press releases frequently discuss trends in SaaS revenue, the commercialization of IntelliCloud Payables Automation, and contract renewals or new agreements, including multi-year contracts for document scanning and conversion work.
Another key theme in Intellinetics news is the rollout of AI-powered and AI-enabled capabilities. Recent announcements have highlighted Intelligent Data Processing solutions for K-12 accounts payable invoices and an Automated Utility Invoice Coding module used by homebuilders and other organizations with high volumes of utility invoices. These updates illustrate how the company applies AI-related technologies to reduce manual steps in scanning, capture, indexing, and invoice coding.
News items also cover corporate events such as the prepayment and termination of notes payable, participation in earnings webcasts, and commentary from management on investments in sales, marketing, and IT infrastructure. For those tracking INLX stock, this news feed provides context on how Intellinetics is balancing its SaaS growth objectives with its document conversion and storage businesses, and how its solutions are being adopted in markets like healthcare and human services, K-12 education, public safety, state and local government, and homebuilding.
Intellinetics, Inc. (NYSE American: INLX), a digital transformation solutions provider, has announced its participation in the MicroCap Rodeo Fall Conference 2024 in New York City on Wednesday, October 16, 2024. Michael N. Taglich, Chairman of the Board, is scheduled to give a presentation at 2:00 PM ET and will be available for one-on-one meetings throughout the day.
The company invites all existing and prospective shareholders to attend the conference or listen to the webcast to learn more about Intellinetics. A live audio webcast and archive of the presentation will be available through a dedicated link. Interested attendees can register for the conference or email investors@intellinetics.com to arrange meetings with management.
Intellinetics, Inc. (NYSE American: INLX) reported financial results for Q2 2024, showing 9.0% revenue growth to $4,641,593. Key highlights include:
- SaaS revenue increased 9.6% year-over-year
- Professional services revenue grew 15.8%
- Net income of $75,050 or $0.02 per share
- Adjusted EBITDA rose 7.1% to $698,217
The company's IPAS solution is gaining traction, with live reference accounts doubling to four. Intellinetics reduced its debt principal to $2,139,500 and plans further debt reduction. Despite increased operating expenses due to investments in growth, the company maintains profitability and expects continued revenue growth in 2024.
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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
FAQ
What is the current stock price of Intellinetics (INLX)?
What is the market cap of Intellinetics (INLX)?
