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, 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.
Intellinetics, a cloud-based document solutions provider, reported a record quarterly revenue of $3,171,362 for Q3 2021, marking a 26% increase year-over-year. Net income surged 90% to $296,437, with earnings per share rising to $0.11. For the nine months ending September 30, total revenue climbed 57% to $8,716,227, and net income reached $1,331,656, compared to a loss in 2020. Key growth was driven by the acquisition of Graphic Sciences and improved operational efficiency. The company also experienced significant cash flow growth and expanded its K-12 services significantly.
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.
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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.
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