Intellinetics, Inc. - INLX STOCK NEWS

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.

Intellinetics, Inc. (INLX) reported a 20.5% increase in total revenue for the full year 2023, with Software as a Service revenue growing by 27.8%. The company made a $500,000 debt prepayment and ended the year with less than $1.8 million in debt. Adjusted EBITDA increased by 13.7% to $2,744,649. The company reiterated expectations of revenue and EBITDA growth for 2024, driven by the IPAS offering.

Intellinetics, Inc. (NYSE American: INLX) will announce its Q4 and full-year 2023 financial results on March 28, 2024. The management will discuss the results in a live webcast at 4:30 p.m. ET. Interested parties can access the webcast through the Intellinetics website or by dialing in. A replay will be available until April 11, 2024.

Intellinetics, Inc. (NYSE American: INLX) is showcasing its IntelliCloud™ content management platform and document scanning services at the Ohio Association of County Boards (OACB) 40th Annual Convention. The company's solutions are designed to improve service level delivery while decreasing costs and risks for Ohio's county boards of developmental disabilities. The event aims to bring fresh perspectives and innovative solutions to boost productivity, embrace new technologies, and harness the power of AI.

Intellinetics, Inc. (NYSE American: INLX) announced financial results for the three and nine months ended September 30, 2023, revealing a 10.0% increase in total revenue, a 6.8% rise in Software as a Service revenue, and a 16.2% growth in professional services revenue. The company's net income was $209,331, and Adjusted EBITDA decreased 12.7% to $708,749. The recently announced IPAS product has generated signed contracts yielding over $475,000 in annualized SaaS recurring revenue, expected to be operational by March 2024.