Intellinetics Stock Price, News & Analysis

Intellinetics, Inc. (OTCQB: INLX) announced that its Annual Meeting of Stockholders on July 19, 2022, was adjourned due to a lack of quorum, as only 38% of shares entitled to vote were represented. The meeting is rescheduled for August 17, 2022, to allow more stockholders to participate. Only shareholders of record as of April 27, 2022, are eligible to vote. The company urges these stockholders to vote by August 16, 2022. Important details and proxy materials can be accessed via the company's website and SEC filings.

Intellinetics, Inc. (OTCQB: INLX) announced that its 2022 Annual Meeting of Stockholders, held on June 22, 2022, was adjourned due to a lack of quorum, as fewer than the required majority of shares were present. The meeting is rescheduled for July 19, 2022, at 3 p.m. at the company’s Columbus, Ohio office. As of the adjournment, approximately 29% of eligible shares had submitted proxies. Stockholders who haven't voted are urged to do so by July 18, 2022. If quorum is not met again, further adjournments may incur additional costs for the company.

Intellinetics, Inc. (OTCQB: INLX) reported its first quarter 2022 financial results, revealing a 3% revenue increase year-over-year to $2,703,512. Software as a Service revenues soared 33% compared to 2021. However, the company faced a net loss of $20,126, contrasting with a net income of $842,772 in the same period last year, largely due to transaction costs of $70,051 and a previous PPP loan forgiveness of $845,083. Adjusted EBITDA rose 18% to $421,300. The recent acquisition of Yellow Folder is expected to enhance revenue and client base significantly.

Intellinetics, Inc. (OTCQB: INLX) will host a conference call on May 16, 2022, at 4:30 p.m. ET to discuss its Q1 2022 financial results. Interested participants can join by calling +1 929 205 6099 with passcode 84709835261#. A replay will be available two hours post-call until May 31, 2022, on the company's website. Intellinetics is focused on document management and offers its IntelliCloud™ platform along with various services aimed at facilitating digital transformation for organizations, ensuring compliance and access to critical data.

Intellinetics, Inc. (OTCQB: INLX) announced that CEO Jim DeSocio and CFO Joe Spain will present at the Taglich Brothers 18th Annual Investment Conference on May 2, 2022, at 12:00 pm in New York. The conference is focused on microcap companies, defined as those with less than $250 million in market capitalization. Intellinetics, based in Columbus, Ohio, provides cloud-based content management solutions, particularly vital for regulated markets such as Healthcare and Financial Services. For live streaming details, visit the Taglich Brothers website.

Intellinetics, Inc. (OTCQB: INLX) has announced its largest order to date, valued at approximately $1.8 million, for the digitization of critical records for a state customer. This order is set to be recognized over the next nine to twelve months and is nearly double the size of the previous largest order. The deal emphasizes the company's growing value proposition in digital transformation services, making information accessible and secure for enhanced business support.

Intellinetics, a cloud-based content services provider, has acquired substantially all assets of Yellow Folder, a K-12 focused document solutions company, for an undisclosed sum. Yellow Folder reported $3.1 million in revenues, including $2.8 million in SAAS revenue for 2021. This acquisition aims to enhance Intellinetics’ content management offerings in the regulated K-12 market and is expected to significantly increase recurring revenue. To finance this acquisition, Intellinetics raised around $8.7 million through a private placement of 1.24 million shares and subordinated notes.

Intellinetics, Inc. reported strong financial results for 2021, featuring a 39% increase in total revenue to $11.46 million and a net income of $1.36 million compared to a net loss of $2.20 million in 2020. Q4 revenue increased by 2% year-over-year, with 31% growth in SaaS revenue. Adjusted EBITDA improved to $1.67 million for the year. Operational highlights include positive cash flow and completion of significant acquisitions, enhancing growth and operational efficiency. The company aims to expand further in 2022, driven by strong performance in targeted markets.

Intellinetics, Inc. (OTCQB: INLX) will host a conference call on March 24, 2022, at 4:30 p.m. ET to discuss its Q4 2022 financial results. Participants can join by calling +1 929 205 6099 with passcode 83687945879#. A replay will be available shortly after the call until April 30, 2022, on the company's website. The company emphasizes the importance of monitoring its Investor Relations website for material information and investor updates. Intellinetics provides document management solutions to facilitate digital transformation across various sectors.