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. reports developments as a digital transformation solutions provider focused on document management software, SaaS workflow automation and document services. Its updates commonly address quarterly operating results, revenue mix between SaaS and professional services, product commercialization and go-to-market activity in vertical markets such as K-12 education and homebuilding.
Company news also covers offerings such as AP Intelligence, IntelliCloud Payables Automation and intelligent document processing, along with customer renewals, partner-channel activity, debt reduction and leadership changes tied to its public-company governance.
Intellinetics (NYSE American: INLX) announced it will showcase its updated IntelliCloud™ Payables Automation Solution (IPAS) at the 2025 International Builders' Show in Las Vegas from February 25-27. The company will demonstrate new features including automated PO matching with KPI dashboards and AI-powered utility bill coding and processing.
The presentation follows Constellation HomeBuilder Systems' February 18 announcement of NX™, their new ERP platform. Intellinetics will demonstrate how IPAS investments will be integrated into the NX platform, continuing their partnership in providing integrated solutions for residential homebuilders and land developers.
Intellinetics (NYSE American: INLX) has expanded its partnership with Skyward to bring its IntelliCloud Payables Automation Solution (IPAS) to the K-12 education market. This expansion builds upon the existing collaboration between Skyward and YellowFolder, Intellinetics' K-12 records management system.
The IPAS solution leverages artificial intelligence to automate AP invoice processing for school districts, eliminating manual steps in scanning, capturing, indexing, and filing. The system automatically categorizes invoices, extracts relevant data, routes documents for approval, and securely stores them for auditing.
This partnership targets Skyward's base of over 2,500 school districts, representing a significant opportunity for IPAS SaaS revenue growth. The solution aims to help school districts modernize their accounts payable processes, reduce fraud, and improve audit readiness while freeing up time for higher-value activities.
Intellinetics (NYSE American: INLX) reported Q3 2024 financial results with total revenue increasing 8.0% to $4,589,625. Software as a Service revenue grew 8.5% and Professional Services revenue rose 11.5%. The company reported a net loss of $392,850 ($0.09 per share) compared to net income of $209,331 in Q3 2023. Adjusted EBITDA was $479,537, down from $708,749. The quarter included $381,042 in share-based compensation and increased sales and marketing expenses. The company's IPAS solution showed strong commercialization with 50% increase in live reference accounts. Debt principal reduced to $1,339,500 from $2,964,500 at year-end 2023.
Intellinetics (NYSE American: INLX) has scheduled its third quarter 2024 financial results announcement for November 13, 2024, after market close. The digital transformation solutions provider will host a live webcast at 4:30 p.m. ET the same day to discuss the results. Investors can join via the company's investor relations website or by calling (877) 407-8133 (toll-free) or (201) 689-8040. A replay will be available through December 13, 2024, using access code 13750112.
Intellinetics, Inc. (NYSE American: INLX) has announced the expansion of its IntelliCloud Payable Automation Solution (IPAS) into the K-12 market, partnering with Software Unlimited, Inc. (SUI). This expansion follows a successful pilot program with Clear Creek Amana Community School District (CCACSD). IPAS for K-12 streamlines AP processes by eliminating paper-based tasks and automating invoice handling.
The solution integrates with IntelliCloud™, Intellinetics' electronic document management platform, branded as K12Docs for SUI customers. James F. DeSocio, President & CEO of Intellinetics, expressed confidence in the K-12 sector as a key market for generating significant IPAS SaaS revenue growth. The partnership with SUI creates a large addressable market for IPAS, complementing Intellinetics' direct K-12 customer base.
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.