Intellinetics files Yellow Folder financials; Q1 2022 revenue $803k, net income $279k; acquisition price ~$6.5M

INTELLINETICS, INC.

Yellow Folder Q1 2022 revenue $803,613, net income $278,889 (up 20% from $666,858 and $257,573 year-ago).
Audited FY2021 financials filed; purchase price ~$6.5M subject to working capital adjustment.
Unaudited pro forma condensed combined financials as of Dec 31, 2021 and Mar 31, 2022 filed.
Balance sheet at Mar 31, 2022: total assets $791,548, member deficit $(435,637).

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