Revenue Performance - Revenues for Q2 2024 were $4,641,593, representing a year-over-year growth of 9.0%[81] - Revenues for the six-month period 2024 totaled $9,148,677, reflecting an 8.3% increase compared to the same period in 2023[83] - Revenues increased by $383,163, or 9.0%, in Q2 2024 and by $703,414, or 8.3%, in the six-month period 2024, driven by software as a service and professional services[92] - Software as a Service revenues rose by $122,673, or 9.6%, in Q2 2024 and by $289,394, or 11.5%, in the six-month period 2024, primarily due to new cloud-based solution sales[93] - Professional services revenues increased by $364,042, or 15.8%, in Q2 2024 and by $544,431, or 11.8%, in the six-month period 2024, with a strong pipeline in Document Conversion[94] Operating Expenses - Operating expenses (excluding cost of revenues) for the six-month period 2024 were $5,764,997, an increase of 23.8% year over year[83] - Operating expenses totaled $2,830,873 in Q2 2024, an increase from $2,294,045 in Q2 2023, with general and administrative expenses rising by $463,857[106] - General and administrative expenses increased by $463,857, or 29.7%, in Q2 2024 compared to Q2 2023, and by $1,037,739, or 33.3%, in the six-month period 2024 compared to 2023[107] - Sales and marketing expenses rose by $38,136, or 7.7%, in Q2 2024 compared to Q2 2023, and increased by $246, or 0.0%, in the six-month period 2024 over 2023[108] - Depreciation and amortization increased by $34,835, or 14.5%, in Q2 2024 compared to Q2 2023, and by $71,127, or 15.2%, in the six-month period 2024 compared to 2023[109] Profitability - Net loss for the six-month period 2024 was $99,664, compared to a net income of $248,297 for the same period in 2023[85] - Gross profit margin improved to 64.7% in Q2 2024 from 60.8% in Q2 2023 and to 64.5% in the six-month period 2024 from 62.0% in the six-month period 2023[102] - Professional services gross margins increased to 49.5% in Q2 2024 from 43.1% in Q2 2023, reflecting stabilization of wages and price increases[104] Cash Flow and Financing - Operating cash generated in Q2 2024 was $1,107,089, compared to cash used of $125,274 in Q2 2023[82] - Net cash provided by operating activities was $1,718,855 in the six-month period 2024, compared to a net cash used of $299,631 in the same period of 2023[118] - Net cash used in investing activities was $398,766 in the six-month period 2024, compared to $291,101 in the same period of 2023[119] - Net cash used by financing activities was $825,000 in repayment of notes payable during the six-month period 2024, compared to $700,000 in earnout liability payments in the same period of 2023[120] - As of June 30, 2024, the company had approximately $1.7 million in cash and cash equivalents and a net working capital of $0.5 million[112] Employee and Market Outlook - As of June 30, 2024, the company employed 189 individuals, an increase from 170 employees a year prior[85] - The company anticipates continued growth driven by the demand for SaaS solutions amid economic recovery[86] - The inflationary environment has led to increased labor costs, which the company has mitigated through customer renewal rate adjustments[86] - The company anticipates potential pricing renegotiations with its largest customer, which may adversely impact future professional services revenues[94] - The company secured a renewal contract with its largest customer, with an estimated net rate increase of approximately 21% effective from October 1, 2023[113] Debt and Indebtedness - Outstanding long-term indebtedness as of June 30, 2024, consisted of the 2022 Notes with an aggregate outstanding principal balance of $2,139,500[116]

Exhibit 99.1 Intellinetics Grows 2024 Revenues 9.0% for Second Quarter of 2024 SaaS Revenue Increases 9.6% and Professional Services Revenue Increases 15.8% with GAAP Profitability COLUMBUS, OH – August 13, 2024 – Intellinetics, Inc. (NYSE American: INLX), a digital transformation solutions provider, announced financial results for the three and six months ended June 30, 2024. 2024 Second Quarter Financial Highlights ● Total Revenue increased 9.0% over the same period in 2023; the growth in the second quart ...

Intellinetics, Inc. (NYSE:INLX) Q1 2024 Earnings Conference Call May 14, 2024 4:30 PM ET Company Participants Tom Baumann - Investor Relations, FNK Jim DeSocio - President & Chief Executive Officer Joe Spain - Chief Financial Officer Conference Call Participants Howard Halpern - Taglich Brothers Operator And welcome to the Intellinetics' First Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operat ...

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 March 31, 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) Ne ...

Exhibit 99.1 Intellinetics Grows 2024 First Quarter Revenues 7.7%, Grows SaaS Revenue 13.5% COLUMBUS, OH – May 14, 2024 – Intellinetics, Inc. (NYSE American: INLX), a digital transformation solutions provider, announced financial results for the three months ended March 31, 2024, the first quarter of 2024. 2024 First Quarter Financial Highlights | | | For the Quarter ended March 31, | | | | --- | --- | --- | --- | --- | | | 2024 | | 2023 | | | Revenues: | | | | | | Sale of software | $ | 5,779 | $ | 15,293 ...

Intellinetics, Inc. (NYSE:INLX) Q4 2023 Earnings Conference Call March 28, 2024 4:30 PM ET Company Participants Tom Baumann - Investor Relations Jim DeSocio - President & Chief Executive Officer Joe Spain - Chief Financial Officer Conference Call Participants Howard Halpern - Taglich Brothers Operator Greetings. Welcome to Intellinetics' Fourth Quarter and Full Year 2023 Earnings Call. At this time, all participants are in a listen-only mode. The question-and-session will follow the formal presentation. [Op ...

Revenue Growth - Total revenue for 2023 was $16,886,381, representing a 20.5% increase compared to $14,016,928 in 2022[10] - SaaS revenue grew by 28% year-over-year, reaching $5,133,215 in 2023, up from $4,017,409 in 2022[4] - The acquisition of Yellow Folder contributed $3,613,764 in revenue for 2023, up from $2,460,474 in 2022[10] - Total revenues for the twelve months ended December 31, 2023, reached $16,886,381, up from $14,016,928 in 2022, indicating a growth of approximately 20.5%[27] - Software as a service revenue increased to $5,133,215 in 2023 from $4,017,409 in 2022, reflecting a growth of about 27.8%[27] - Recurring revenues for the three months ended December 31, 2023, totaled $2,646,580, compared to $2,413,747 in 2022, marking an increase of approximately 9.7%[22] Net Income and Profitability - Net income for 2023 was $519,266, or $0.13 per basic share, compared to $24,027, or $0.01 per basic share in 2022[10] - Net income for the twelve months ended December 31, 2023, was $519,266, compared to $24,027 in 2022, representing a significant increase[27] - Basic net income per share for 2023 was $0.13, up from $0.01 in 2022, indicating a substantial improvement[27] - The company reported a gross profit of $10,563,955 for the twelve months ended December 31, 2023, compared to $8,909,158 in 2022, an increase of about 18.5%[27] Expenses and Financial Health - Total operating expenses for 2023 increased by 17.0% to $9,456,486, compared to $8,081,837 in 2022[10] - Adjusted EBITDA increased by 13.7% to $2,744,649 in 2023, compared to $2,413,901 in 2022[10] - Depreciation and amortization expenses rose to $974,527 in 2023 from $722,197 in 2022, indicating a 35% increase[29] - Bad debt expense increased to $77,211 in 2023 from $42,129 in 2022, reflecting a rise of approximately 83%[29] Cash Flow and Liquidity - The company’s cash balance decreased to $1,215,248 as of December 31, 2023, from $2,696,481 in 2022, indicating a decline in liquidity[25] - Net cash provided by operating activities decreased to $784,659 in 2023 from $1,988,778 in 2022, a decline of approximately 60%[29] - Net cash used in investing activities was $548,077 in 2023, down from $6,960,594 in 2022, showing a reduction of about 92%[29] - Net cash used in financing activities was $1,717,815 in 2023, compared to a net cash provided of $5,915,667 in 2022, indicating a shift of approximately $7.6 billion[29] - Cash at the end of the period decreased to $1,215,248 in 2023 from $2,696,481 in 2022, a decline of about 55%[29] Debt and Future Outlook - The company ended 2023 with less than $1.8 million in debt, net of cash[5] - The company plans to prepay $500,000 of long-term debt and expects to have no net debt by the end of 2024[12] - Management expects revenue and EBITDA growth on a year-over-year basis for fiscal year 2024[11] Assets and Liabilities - Total current assets decreased to $5,004,375 as of December 31, 2023, from $4,893,039 in 2022[25] - Total liabilities decreased to $9,275,539 as of December 31, 2023, compared to $11,374,340 in 2022, showing a reduction of approximately 18.4%[25] - Accounts receivable showed a significant change, with a decrease of $806,503 in 2023 compared to an increase of $81,227 in 2022[29] - Deferred revenues decreased to $173,744 in 2023 from $486,885 in 2022, a decline of about 64%[29] - Cash paid during the period for interest was $418,790 in 2023, down from $496,805 in 2022, a decrease of approximately 16%[29] Product Development - The IntelliCloud™ Payables Automation System (IPAS) was commercially launched, with two customers live and seven more signed[5]

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, 2023 or ☐ 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) Nevada 87-0613716 (State or other jurisdiction of i ...

Intellinetics, Inc. (NYSE:INLX) Q3 2023 Results Conference Call November 14, 2023 4:30 PM ET Company Participants Tom Baumann - FNK IR Jim DeSocio - President and CEO Joe Spain - CFO Conference Call Participants Howard Halpern - Taglich Brothers Operator Good day, ladies and gentlemen, and welcome to the Intellinetics' Third Quarter 2023 Earnings Call. Our host for today's call is Tom Baumann with FNK IR. [Operator Instructions] I would now like to turn the call over to your host. Mr. Baumann, the floor is ...

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, 2023 ☐ 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 ...