Intellinetics Stock Price, News & Analysis

Intellinetics, Inc. (OTCQB: INLX) has announced a conference call scheduled for November 15, 2021, at 4:30 p.m. Eastern Time to discuss its third quarter 2021 financial results. Participants can join by dialing +1 929 205 6099 and entering passcode 85099664186#. A replay will be available post-call until November 30, 2021. Intellinetics offers the IntelliCloud™ platform for document management and supports various industries in digital transformation.

Intellinetics, Inc. (OTCQB: INLX) reported record financial results for Q2 and the first half of 2021. Revenues surged by 58% year-over-year in Q2, totaling $2.9 million, with Software as a Service revenues up 51%.

Net income reached $192,447, a turnaround from a loss of $282,356 in 2020. For the six months, total revenues rose 82% to $5.5 million, with net income improving to $1,035,219 compared to a loss of $928,567 in 2020.

Intellinetics, Inc. (OTCQB: INLX) will conduct a conference call on August 16, 2021, at 4:30 p.m. ET to discuss its second quarter financial results. Investors can access the call by dialing +1 929 205 6099 with the passcode 87041549372#. A replay will be available after the live call until August 31, 2021, on the company's website.

Intellinetics is a cloud-based document services provider, serving highly regulated sectors such as Healthcare and Financial Services. The company emphasizes the importance of its Investor Relations website for disclosing material nonpublic information.

Intellinetics, based in Columbus, Ohio, has launched new Business Process Outsourcing (BPO) services aimed at enhancing its offerings and meeting the demands of a virtual workforce post-pandemic. The integrated solutions focus on Accounts Payable invoice processing, digital mail-room services, and claims processing. This strategic expansion is designed to help businesses reduce costs and improve agility by outsourcing non-strategic functions. CEO James F. DeSocio emphasized the need for businesses to innovate and transform processes to adapt to changing work environments, ultimately benefiting both Intellinetics and its customers.

Intellinetics, Inc. (OTCQB: INLX) reported a remarkable 117% revenue increase for Q1 2021, totaling $2.63 million compared to the prior year. The company's net income soared to $842,772 from a net loss of $646,211. Earnings per share were reported at $0.27, a significant turnaround from ($0.54) in Q1 2020. The growth is attributed to a full quarter of revenue from its 2020 acquisition, Graphic Sciences, and increased professional services. The company also expanded its storage capacity and secured a new favorable contract with a key customer.

Intellinetics, Inc. (OTCQB: INLX) will host a conference call on May 17, 2021, at 9:30 a.m. ET to discuss its Q1 2021 financial results. Interested parties can access the call by dialing +1 929 205 6099 with passcode 81193757884#. A replay will be available two hours post-call until May 31, 2021, on the company’s website. The company emphasizes the use of its Investor Relations site for disclosing important information. Intellinetics specializes in cloud-based document services for various sectors including healthcare and public safety.

Intellinetics, a cloud-based document solutions provider, has reached a significant milestone by securing its 100th K-12 school district, in partnership with Software Unlimited, bringing its total customer count to over 230. This achievement is linked to a 23% increase in SaaS revenue in 2020 compared to 2019, driven by over 100 K-12Docs customers. The collaboration integrates Intellinetics’ IntelliCloud platform with SUI’s software, enhancing document management in school districts. The partnership reflects a focus on improving operational efficiencies for educational institutions.

Intellinetics, Inc. (OTCQB: INLX) announced significant financial growth for Q4 and the full year 2020. Total revenue surged by 332% in Q4 and 225% for the year, driven by acquisitions and increased service demand. Despite a net loss of $1.4 million in Q4, the net loss showed only a modest yearly increase to $2.2 million for 2020. Notably, adjusted EBITDA improved to $361,188 for Q4, indicating stronger operational performance. The company achieved positive cash flow, focusing on integration and growth prospects in various markets, including K-12 document solutions.