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. is a Columbus, Ohio based company that offers a cloud-enabled document management platform called IntelliCloud. This platform is designed for embedded work teams looking to transition from paper-based processes to digital workflows. With a focus on law enforcement-grade security, compliance tools, and universal access, IntelliCloud is ideal for enterprises of all sizes. The company has also partnered with Intel to create the IntelliCloud channel program, facilitating easy integration for resellers.
Intellinetics, Inc. provides document services and solutions to small-to-medium businesses and government entities. Their offerings include Document Management and Document Conversion services, enabling clients to capture, manage, and convert documents across various formats and platforms.
Intellinetics, Inc. (NYSE American: INLX) is participating in the Michigan School Business Officials Annual Conference from April 25-27, 2023 in
Intellinetics is dedicated to digital transformation and offers comprehensive document management solutions tailored for education and other regulated sectors. For more details, visit www.intellinetics.com.
Intellinetics, Inc. (NYSE American: INLX) announced its participation in the Taglich Brothers 19th Annual Investment Conference on May 1-2, 2023, in New York City. James F. DeSocio (President & CEO) and Joe Spain (CFO) will present on May 1 at 11:30 a.m. ET. Shareholders and potential investors can listen to the presentation via a live audio webcast, available at this link. Intellinetics is a provider of digital transformation solutions, focusing on content management through its IntelliCloud™ platform, which enhances document management for regulated industries like healthcare and government. For more details on the conference, visit Taglich Brothers.
Intellinetics, Inc. (NYSE American: INLX) announced that the Moss Point School District in Mississippi has implemented its YellowFolder solution to combat ransomware threats and enhance compliance with FERPA and HIPAA regulations. YellowFolder is a cloud-based records management system tailored for K-12 schools to securely manage student and administrative records. The increasing number of ransomware attacks on K-12 institutions has raised concerns, leading to significant recovery costs and operational disruptions. District officials highlighted the importance of having a trustworthy partner like Intellinetics to mitigate these risks while ensuring compliance. James F. DeSocio, President & CEO of Intellinetics, noted that their K-12 division aims to expand its presence in the sector by providing effective solutions to address cybersecurity concerns.
Intellinetics, Inc. (NYSE American: INLX) reported significant financial growth for Q4 and the full year 2022. Total revenue surged by 47% year-over-year in Q4, reaching $4.04 million, with SaaS revenue skyrocketing 212%, now making up 30% of total revenue. For 2022, total revenue increased by 22% to $14.02 million, with SaaS revenue growing 179%. Despite a net income decrease to $24,027 from $1.4 million in 2021, adjusted EBITDA rose 41% to $2.4 million. The successful acquisition of Yellow Folder in April 2022 was pivotal, doubling SaaS revenue and expanding the customer base significantly. Looking ahead, management anticipates continued revenue growth in 2023.
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