Intellinetics, Inc. (INLX) shares rallied 14.5% in the last trading session to close at $14.21. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 5.5% gain over the past four weeks.Intellinetics is benefiting from the strong performance and customer acceptance of its Payables Automation Solution, driving growth in SaaS revenue and expanding its market reach.This company is expected to post quarterly loss of $0. ...

Financial Data and Key Metrics Changes - Total revenue for Q4 2024 increased by 2.1% to $4.3 million compared to $4.2 million in Q4 2023 [19] - SaaS revenue, including hosting, increased by 11.8% to $1.5 million for the quarter, driven by early payables automation successes [20] - Consolidated gross margin increased by 88 basis points to 65.8% for Q4 2024 compared to 64.9% in Q4 2023 [22] - Net loss for Q4 was $54,000, compared to net income of $62,000 for the same period last year [24] - Full year total revenue for 2024 increased by 6.7% to $18 million compared to $16.9 million in 2023 [25] - Full year adjusted EBITDA was $2.5 million, compared to $2.7 million for 2023 [28] Business Line Data and Key Metrics Changes - Professional services revenue was flat at $2.2 million for Q4 2024, accounting for 52% of total revenue, down from 53% last year [21] - SaaS revenue increased by 10.8% for the full year, while professional services revenue increased by 8.9% [25] Market Data and Key Metrics Changes - The K-12 market is growing quickly, with two additional Iowa school districts engaged after a pilot program [12] - The company is focusing on expanding into niche ERP providers and underserved markets, including county and local governments [46] Company Strategy and Development Direction - The company is transforming into a predominantly SaaS-driven business with a focus on digital transformation solutions [7] - Investments are being made in sales and marketing to accelerate growth, with a significant increase in sales and marketing expenses by 37% in Q4 2024 [23] - The company plans to enhance development capabilities and bring features to market more quickly [59] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the Payables Automation Solution as a key growth driver, with high customer acceptance and significant ROI [8][9] - The company expects revenue growth for fiscal 2025, but anticipates EBITDA to be reduced by more than half due to increased investments [31][32] Other Important Information - Cash provided by operating activities was $3.9 million, allowing the company to prepay $1.6 million of its debt [30] - Total assets were $18.6 million, with total liabilities of $7.9 million as of December 31, 2024 [29] Q&A Session Summary Question: How many customers are live and how many are expected to go live in the second half of the year? - Majority of customers are in the process of implementation, with two going live recently and five more in progress [38] Question: Does the live customer count include the large customer mentioned in the last call? - Yes, that customer is included, and they are processing a significant number of invoices with minimal human intervention [40] Question: Are there any hesitations from customers regarding budget deployment? - Customers are cautious due to market conditions, but the company believes it is well-positioned to demonstrate ROI [48][49] Question: Will SaaS line margins maintain above 85%? - Margins are expected to fluctuate but should remain within the mid-80s range [50][52] Question: What verticals is the company looking to expand into? - The company is exploring opportunities in county and local governments, as well as other ERP players [46]

Exhibit 99.1 Intellinetics Grows 2024 Full-Year Revenues 7% Summary – 2024 Fourth Quarter Results Revenues for the three months ended December 31, 2024 were $4,280,071, an increase of 2.1%, as compared with $4,192,689 for the same period in 2023. This organic increase was driven by an 11.8% increase in SaaS revenue, and a 0.3% increase in professional services fees. Our professional services growth was limited due to certain projects being pushed out into 2025. Full-Year SaaS Revenue Grows 11%; Company made ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or | Title of each class | Trading symbol | Name of each exchange on which registered | | --- | --- | --- | | Common Stock, par value $0.001 per share | INLX | NYSE American | ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition pe ...

Financial Data and Key Metrics - Total revenue for Q3 2024 increased by 8% to $4.6 million compared to $4.2 million in Q3 2023 [17] - Subscription software revenue increased to $1.76 million, with SaaS growing by 8.5% and software maintenance revenue remaining flat [18] - Professional services revenue increased by 11.5% to $2.6 million, representing 56.7% of total revenue [18] - Consolidated gross margin decreased slightly by 20 basis points to 61.1% due to unfavorable projects in document conversion services [19] - SaaS margins decreased slightly to 83.7% from 84.5% but remain strong [20] - Operating expenses increased by 37.3% to $3.1 million, driven by share-based compensation, sales and marketing investments, and general administrative expenses [21] - Net loss for Q3 was $393,000 compared to net income of $209,000 in Q3 2023 [23] - Adjusted EBITDA for Q3 was $479,000, down from $709,000 in Q3 2023 [23] - Cash position at September 30, 2024, was $2.5 million, with total assets of $19 million and total liabilities of $8.6 million [24] - Debt principal outstanding was $1.3 million after $800,000 in prepayments during the quarter [25] Business Line Performance - Payables Automation Solution (IPAS) is the primary growth driver, with strong customer acceptance and additional functionality around purchase orders expected by year-end [8][12] - IPAS is being deployed in the K12 ecosystem with a beta customer already live and additional orders secured [13] - The company is actively pursuing opportunities with niche ERP providers to outperform generic solutions [14] Market Performance - The company presented at the Build Smarter Homebuilding Industry Conference, where a customer showcased strong ROI from IPAS, leading to significant interest [11] - The K12 market, while having smaller transaction volumes, offers faster implementation times compared to homebuilders [13] Strategic Direction and Industry Competition - The company is investing in scaling its business, including hiring additional sales reps, an implementations manager, and expanding marketing efforts [15] - Investments are expected to temporarily reduce EBITDA but are anticipated to bring revenue opportunities that will exceed the spend by 2025 [15] - The company is focusing on integrating IPAS with new ERP systems and expanding into new verticals [31][33] Management Commentary on Operating Environment and Future Outlook - Management is optimistic about the future, citing strong SaaS assets, a cash-generating business model, and a competitive position in growing markets [38] - The company expects to grow revenues year-over-year for fiscal 2024, with adjusted EBITDA expected to decrease modestly due to increased investments [26] Other Important Information - The company has paid out $2.7 million in acquisition earnouts since 2021 and reduced long-term debt by $3.6 million since December 2022 [9] - The company has a strong deferred revenue position, particularly due to government and K12 contracts running from July to June [24] Q&A Session Summary Question: Total number of live IPAS customers entering 2025 - The company expects to have 11 or 12 customers live by early 2025, with a significant new customer providing $250,000 in annual revenue [27] Question: Pipeline potential from the homebuilders trade show - The company had a strong presence at the trade show, with over 50 attendees at their breakout session and positive feedback from a customer testimonial [28][29] Question: Pace of implementations and functionality - The company anticipates faster implementations as they formalize their release schedule and improve tools and product knowledge [30] Question: Expansion to other ERP systems - The company is actively working on integrating IPAS with other ERP systems, including a co-marketing agreement with Software Unlimited for the K12 market [31][33] Question: SaaS revenue inflection point - The company expects a meaningful inflection point in SaaS revenue in the second half of 2025, as new deals signed in late 2024 will start recognizing revenue in early 2025 [34][35] Question: Activity in Michigan - The company expects activity in Michigan to remain consistent through the end of the year, with low expectations for government-related business until the New Year [36][37]

Intellinetics, Inc. (INLX) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1,000%. A quarter ago, it was expected that this company would post earnings of $0.04 per share when it actually produced earnings of $0.02, delivering a surprise of -50%.Over the last four quarters, the company has not bee ...

Revenue Performance - Total revenue for Q3 2024 was $4,589,625, an increase of 8.0% compared to $4,248,429 in Q3 2023[6] - SaaS revenue increased by 8.5% year-over-year, contributing significantly to the overall revenue growth[2] - Professional services revenue rose by 11.5% compared to the same period in 2023, reflecting strong demand[4] - Year-to-date revenue for 2024 reached $13,738,302, an increase of 8.2% compared to $12,693,692 for the same period in 2023[9] - Total revenues for the three months ended September 30, 2024, were $4,589,625, an increase of 8.0% compared to $4,248,429 for the same period in 2023[20] - Software as a service revenue for the three months ended September 30, 2024, was $1,403,942, up 8.5% from $1,293,745 in 2023[20] - Professional services revenue increased to $2,600,230 for the three months ended September 30, 2024, compared to $2,333,090 in 2023, reflecting an increase of 11.5%[20] - Recurring revenue grew by 2.6%, representing 58.6% of total revenue, highlighting the stability of income streams[6] Profitability and Loss - Net loss for Q3 2024 was $392,850, or $(0.09) per share, compared to a net income of $209,331, or $0.05 per share in Q3 2023[8] - Adjusted EBITDA for Q3 2024 was $479,537, down from $708,749 in Q3 2023, indicating a decline in operational profitability[8] - Net loss for the nine months ended September 30, 2024, was $492,514 compared to a net income of $457,628 in 2023[24] Operating Expenses - Total operating expenses increased by 37.3% to $3,104,065, driven by higher share-based compensation and increased sales and marketing investments[7] - Share-based compensation rose significantly to $1,185,330 from $349,073 in 2023, indicating increased employee compensation costs[24] Cash Flow and Assets - Net cash provided by operating activities increased to $3,652,417 from $1,128,314 in the previous year, representing a growth of approximately 224%[24] - Cash at the end of the period increased to $2,501,729 from $1,689,125 in 2023, showing a positive cash flow trend[24] - Total current assets increased to $5,514,625 as of September 30, 2024, from $5,004,375 as of December 31, 2023[21] - Cash balance increased to $2,501,729 as of September 30, 2024, compared to $1,215,248 as of December 31, 2023[21] Liabilities and Equity - Total liabilities decreased to $8,590,848 as of September 30, 2024, from $9,275,539 as of December 31, 2023[22] - Total stockholders' equity increased to $10,443,537 as of September 30, 2024, from $9,750,721 as of December 31, 2023[23] Future Outlook - Management expects revenue growth to continue year-over-year for the fiscal year 2024, despite anticipated declines in Adjusted EBITDA due to increased investments[10] - The company plans to continue investing in sales and marketing to drive future growth, particularly through the IPAS solution[3] Deferred Revenues - Deferred revenues increased to $3,468,109 as of September 30, 2024, compared to $2,927,808 as of December 31, 2023, indicating growth in future revenue recognition[22] - Deferred revenues increased to $540,301 from $378,061 in 2023, suggesting growth in future revenue recognition[24]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________________to _________________________ Commission file number: 001-41495 INTELLINETICS, INC. (Exact name of registrant as specified in its charter ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 increased by 9% to $4.6 million compared to $4.3 million in Q2 2023 [11] - Subscription software revenue, including SaaS, rose to $1.75 million, a 7.3% increase from $1.63 million in the same period last year [12] - Professional services revenue increased by 15.8% to $2.66 million, up from $2.3 million, representing 57% of total revenue [12] - Consolidated gross margin improved by 387 basis points to 64.7% from 60.8% year-over-year [12] - Net income for Q2 was $75,000, down from $136,000 in Q2 2023, with earnings per share at $0.02 compared to $0.03 last year [13] - Adjusted EBITDA for the quarter was $698,000, compared to $651,000 in Q2 2023 [14] Business Line Data and Key Metrics Changes - SaaS revenue as a percentage of consolidated revenue remained at 30%, despite a record contribution from professional services [6] - The number of live reference accounts for the IPAS solution doubled from two to four during Q2, with additional accounts expected to go live [9] - K-12 operations now serve 619 districts, more than doubling the presence in this vertical since the acquisition of YellowFolder [9] Market Data and Key Metrics Changes - Demand for YellowFolder solutions is increasing, and the company is well-positioned across all SaaS offerings [6] - The document conversion segment continues to generate positive contribution margins, with recent investments improving operational efficiency [10] Company Strategy and Development Direction - The company is focusing on scaling its business and plans to accelerate investments in marketing its SaaS offerings [6] - The goal is to make recurring revenue the majority of total revenue, which will reduce earnings volatility and benefit shareholders [6] - The company is investing in sales personnel to expand its addressable market and enhance its sales and marketing efforts [7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth, citing strong demand for the new IPAS offering and a growing pipeline of opportunities [5] - The company expects to continue generating positive adjusted EBITDA while paying down debt and bolstering its balance sheet [15] - Management reiterated expectations for revenue growth year-over-year for fiscal year 2024, despite a modest decrease in adjusted EBITDA [15] Other Important Information - The company has prepaid $825,000 of long-term debt in the first half of 2024 and expects to have no net debt by the end of 2024 [14] - The transition of certain tasks by the largest professional services customer may reduce future revenue from the document conversion segment, but negotiations are ongoing to mitigate this impact [10] Q&A Session Summary Question: How many customers are actually live right now for IPAS? - Four customers are currently live, with three more expected to go live this quarter [17] Question: What do you expect with the live implementations entering 2025? - Management indicated that it is difficult to provide specific annualized recurring revenue run rates but expects significant growth [18][19] Question: What is the expected cadence for signing and implementing customers? - The company plans to close 15 to 18 customers this year, having already sold 11 to 12 [20] Question: What drove the increase in document conversion revenue? - The increase was attributed to improvements in operational efficiency and new business from K-12 customers [24] Question: Is there pent-up demand for document conversion services? - Yes, there is significant demand, particularly from K-12 customers needing to digitize records [25]

Intellinetics, Inc. (INLX) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -50%. A quarter ago, it was expected that this company would post earnings of $0.04 per share when it actually produced a loss of $0.04, delivering a surprise of -200%. Over the last four quarters, the company ...