Intellinetics Q1 net loss $20K; SaaS revenue up 33%; Adj EBITDA up 18%

INTELLINETICS, INC.

2022-Q1 EPS reported -$0.01 revenue$2,703,512

Total revenue $2.70M (+3% YoY); SaaS revenue $1.16M (+33% YoY).
Net loss $20K vs net income $843K in Q1 2021; Q1 2021 included $845K PPP forgiveness gain.
Adjusted EBITDA $421K (+18% YoY); ninth consecutive quarter of positive adjusted EBITDA.
Closed acquisition of Yellow Folder on April 1; completed $8.7M equity and debt financing.
Year-to-date 154 new contracts signed, total contract value approx. $3.9M recognized over ≤1 year.

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