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. (INLX) provides cloud-enabled solutions that transform paper-based workflows into secure digital processes through its intellicloud platform. This news hub offers investors and professionals centralized access to official updates about the company's document management innovations and market developments.
Discover timely press releases covering strategic partnerships, product enhancements, and operational milestones. Our curated collection includes earnings reports, technology integrations, and compliance updates relevant to INLX's position in digital transformation. Content spans document conversion advancements, security protocol implementations, and enterprise workflow automation progress.
This resource enables stakeholders to track Intellinetics' progress in modernizing business processes through law enforcement-grade secure solutions. Regular updates provide insights into how the company-wide serves SMBs and government entities through its dual focus on document management and digital conversion technologies.
Bookmark this page for direct access to verified information about INLX's cloud platform developments and industry partnerships. Check back frequently to stay informed about innovations in compliant document workflow solutions that power modern enterprises.
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.
