Intellinetics(US:INLX)2026-03-30 21:28Revenue Performance - SaaS revenue increased 8.4% year over year to $1.6 million in Q4 2025, contributing to total revenue of $4.3 million, which is a 1.0% increase compared to Q4 2024[10][11] - For the full year 2025, total revenue was $16.6 million, reflecting an 8.0% decrease from $18.0 million in 2024, primarily due to lower professional services activity[15][16] - Professional services revenue decreased 1.8% year over year in Q4 and 18.7% year over year for the full year 2025[10][16] - Total revenues for 2025 decreased to $16,583,446 from $18,018,373 in 2024, representing a decline of approximately 8%[30] - Software as a service revenue increased to $6,331,167 in 2025, up from $5,688,936 in 2024, reflecting a growth of about 11.3%[30] Profitability and Loss - The net loss for Q4 2025 was $207,975, or ($0.05) per share, compared to a net loss of $53,701, or ($0.01) per share in Q4 2024[10][13] - Adjusted EBITDA for Q4 2025 was $260,749, down from $531,241 in Q4 2024, while for the full year it was $469,694 compared to $2,382,357 in 2024[10][26] - Net loss for 2025 was $1,872,895, compared to a net loss of $546,215 in 2024, indicating a significant increase in losses[30] - The company reported a basic net loss per share of $0.44 for 2025, compared to $0.13 for 2024[30] Operating Expenses - Total operating expenses increased 11.2% in Q4 2025 to $3.1 million, driven by a 14.4% increase in sales and marketing expenses[12] - Operating expenses rose to $12,741,153 in 2025, compared to $11,541,889 in 2024, an increase of approximately 10.4%[30] Assets and Liabilities - Total current assets decreased to $5,229,257 in 2025 from $5,474,556 in 2024, a reduction of approximately 4.5%[28] - Total liabilities decreased to $5,921,556 in 2025 from $7,943,201 in 2024, a decline of about 25.5%[28] - Total stockholders' equity increased to $11,384,016 in 2025 from $10,631,755 in 2024, an increase of about 7.1%[28] Cash Flow - Cash provided by operating activities for 2025 was $933,871, down from $3,858,160 in 2024, a decrease of approximately 75.8%[32] - Cash at the end of the period increased slightly to $2,528,281 in 2025 from $2,489,236 in 2024[32] Strategic Focus - Management expects SaaS revenue to continue growing year over year in fiscal year 2026[17] - The company secured a significant contractual win with its largest customer, strengthening its document management business[5][7] - Intellinetics is focusing on improving execution and refining its go-to-market approach to enhance long-term growth and revenue predictability[6][9]