Intellinetics Stock Price, News & Analysis

Intellinetics, Inc. (NYSE American: INLX) announced that the Moss Point School District in Mississippi has implemented its YellowFolder solution to combat ransomware threats and enhance compliance with FERPA and HIPAA regulations. YellowFolder is a cloud-based records management system tailored for K-12 schools to securely manage student and administrative records. The increasing number of ransomware attacks on K-12 institutions has raised concerns, leading to significant recovery costs and operational disruptions. District officials highlighted the importance of having a trustworthy partner like Intellinetics to mitigate these risks while ensuring compliance. James F. DeSocio, President & CEO of Intellinetics, noted that their K-12 division aims to expand its presence in the sector by providing effective solutions to address cybersecurity concerns.

Intellinetics, Inc. (NYSE American: INLX) reported significant financial growth for Q4 and the full year 2022. Total revenue surged by 47% year-over-year in Q4, reaching $4.04 million, with SaaS revenue skyrocketing 212%, now making up 30% of total revenue. For 2022, total revenue increased by 22% to $14.02 million, with SaaS revenue growing 179%. Despite a net income decrease to $24,027 from $1.4 million in 2021, adjusted EBITDA rose 41% to $2.4 million. The successful acquisition of Yellow Folder in April 2022 was pivotal, doubling SaaS revenue and expanding the customer base significantly. Looking ahead, management anticipates continued revenue growth in 2023.

Intellinetics, Inc. (NYSE American: INLX) announced it will report its financial results for Q4 and full year 2022 on March 27, 2023, after market close. The management team will host a live webcast at 4:30 p.m. ET to discuss these results, accessible via the company's website. Investors can also join by calling the provided numbers. A replay will be available through April 10, 2023, using the specified access code. Intellinetics specializes in digital transformation solutions, including its IntelliCloud platform aimed at regulated industries.

Intellinetics, Inc. (NYSE American: INLX) has introduced the IntelliCloud™ Payables Automation System (IPAS) at the 2023 NAHB International Builders' Show in Las Vegas, demonstrating its capabilities in automating the invoice-to-pay-to-reconciliation process. The company partnered with Constellation HomeBuilder Systems to integrate IPAS with their ERP software, aimed at reducing costs and enhancing compliance for builders. The solution utilizes advanced AI and machine learning technologies to streamline AP processes, promoting efficiency in construction operations. Intellinetics continues to expand its market reach by embedding its technology with leading ERP platforms.

Intellinetics, Inc. (NYSE American: INLX) announced participation in the Winter Wonderland Best Ideas Virtual Investor Conference from February 21-24, 2023. Management, including President & CEO James F. DeSocio and CFO Joe Spain, will present on February 22 at 10 a.m. ET, followed by a Q&A session. One-on-one meetings with investors are scheduled for February 23-24. Shareholders can access the live audio webcast through the dedicated link provided. Intellinetics focuses on digital transformation solutions, offering services in document management through their flagship IntelliCloud platform, catering to regulated industries.

Intellinetics, Inc. (NYSE American: INLX) announced that Garden City, Michigan has digitized over 104,000 historical vital records dating back to 1928 through its Document Scanning Services. This project enhances access to records while protecting them from disasters and degradation. City Clerk Matthew Miller praised Intellinetics for their efficient handling of the project. Following the success of this initiative, Intellinetics is also assisting Garden City in digitizing building department documents. The company aims to expand its market share by addressing municipal digital transformation challenges.

Intellinetics, Inc. (NYSE American: INLX) announced that CEO James F. DeSocio will ring the closing bell at the NYSE on January 30, 2023. This event follows the company’s uplisting to the NYSE American on September 9, 2022, as part of its transition to a diversified SaaS-focused model. DeSocio stated that this ceremony will enhance Intellinetics' visibility and liquidity, benefiting its growth strategy. The bell-ringing will be broadcasted live, allowing the investment community to engage more effectively with the company. Intellinetics specializes in digital transformation solutions, enabling organizations to manage and protect their important documents.

Intellinetics has appointed Danielle Patterson as the new Division Sales Manager for its Document Scanning Services, succeeding Terry Buchanan, who is retiring. Ms. Patterson, who has over 10 years of experience in enterprise software sales, aims to enhance sales efforts and improve customer experience. The company is optimistic about growth opportunities, particularly in outsourced mailroom services at a new BPO facility. The transition is expected to maintain the company's focus on customer-centric value and service.