Intellinetics Q3 revenue +22% to $3.9M; SaaS revenue +244%; Adj. EBITDA +48% to $799K

INTELLINETICS, INC.

2022-Q3 EPS reported -$0.05 revenue$9,978,782

Total revenue $3.9M, up 22% YoY; SaaS revenue surged 244% from acquisition and organic growth.
Net income $217,536 ($0.05/share) vs $296,437 ($0.10/share) in prior year; higher interest expense impacted.
Adjusted EBITDA rose 48% to $799,359 (21% of revenue); nine-month Adj. EBITDA $1.7M, exceeding full FY21.
Yellow Folder acquisition completed April 1, 2022, doubled K-12 customers; $8.7M in equity/debt financing.
Nine-month revenue $10.0M (+14%); net loss $176,757 due to transaction costs ($355K) and higher interest.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INTELLINETICS, INC. reported the three months ended September 30, 2022 results: revenue $3.9 million, net income $217,536, EPS $0.05 per diluted share.

Period: the three months ended September 30, 2022
Revenue: $3.9 million
Net income: $217,536
EPS: $0.05 per diluted share
Result: reported results

Exact text from the filing

grow revenues and Adjusted EBITDA on a year over year basis,” concluded DeSocio. Summary – 2022 Third Quarter Results Revenues for the three months ended September 30, 2022 were $3.9 million, an increase of 22% compared with $3.2 million for the same period in 2021. The increase was largely driven by our acquisition of Yellow Folder in April 2022. In addition to our

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INTELLINETICS, INC. reported the nine months ended September 30, 2022 results: revenue $10.0 million, net income net loss of $176,757, EPS $0.05 per diluted share.

Period: the nine months ended September 30, 2022
Revenue: $10.0 million
Net income: net loss of $176,757
EPS: $0.05 per diluted share
Result: reported results

Exact text from the filing

EBITDA increased 48% to $799,359, compared to $538,488 from the same period in 2021. Summary – 2022 Nine Month Results Revenues for the nine months ended September 30, 2022 were $10.0 million, up 14% compared to $8.7 million for the same period in 2021. The increase was largely driven by our acquisition of Yellow Folder in April 2022. Intellinetics reported a net loss

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INTELLINETICS, INC. filing history →

Source: SEC EDGAR

accession 0001493152-22-032101

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