Core Insights - Intellinetics, Inc. reported a quarterly loss of $0.09 per share, significantly missing the Zacks Consensus Estimate of $0.01, and compared to earnings of $0.05 per share a year ago, resulting in an earnings surprise of -1,000% [1] - The company posted revenues of $4.59 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 2.13%, but showing an increase from $4.25 million year-over-year [2] - Intellinetics shares have increased approximately 185.2% since the beginning of the year, outperforming the S&P 500's gain of 25.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.06 on revenues of $4.26 million, and for the current fiscal year, it is -$0.07 on revenues of $18.09 million [7] - The estimate revisions trend for Intellinetics is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Internet - Content industry, to which Intellinetics belongs, is currently in the top 31% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]
Intellinetics, Inc. (INLX) Reports Q3 Loss, Misses Revenue Estimates