Intellinetics reports 2022 revenue up 22%, SaaS revenue up 179% to $4.0M

INTELLINETICS, INC.

Full-year total revenue $14.02M (up 22% YoY); SaaS revenue $4.02M (179% YoY).
Q4 net income $200.8K (+664% YoY); FY net income $24K vs $1.36M in 2021 (included PPP loan forgiveness).
Adjusted EBITDA for 2022 rose 41% to $2.4M from $1.7M in 2021.
Acquisition of Yellow Folder closed April 1, 2022, adding $8.7M in equity/debt financing.
Company expects continued revenue and Adjusted EBITDA growth in 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

INTELLINETICS, INC. reported the three months ended December 31, 2022 results: revenue $4,038,146, net income $200,784, EPS Basic and diluted net income per share for the three months ended December 31, 2022 was $0.05 and $0.04, respectively.. Guidance initiated.

Period: the three months ended December 31, 2022
Revenue: $4,038,146
Net income: $200,784
EPS: Basic and diluted net income per share for the three months ended December 31, 2022 was $0.05 and $0.04, respectively.
Guidance: initiated
Result: reported results

Exact text from the filing

Revenues for the three months ended December 31, 2022 were $4,038,146 as compared with $2,744,038 for the same period in 2021. The increase was largely driven by our acquisition of Yellow Folder in April 2022 combined with organic growth. In addition to our acquisition growth, our SaaS and software maintenance revenues continued to grow. Intellinetics reported net income of $200,784 and $26,295 for the three months ended December 31, 2022 and 2021, respectively, representing an improvement of $174,489. The improvement in results was further enhanced by favorable comparison in earnout fair value operating expenses. Basic and diluted net income per share for the three months ended December 31, 2022 was $0.05 and $0.04, respectively.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

INTELLINETICS, INC. reported the twelve months ended December 31, 2022 results: revenue $14,016,928, net income $24,027, EPS $0.01 per basic and diluted share. Guidance initiated.

Period: the twelve months ended December 31, 2022
Revenue: $14,016,928
Net income: $24,027
EPS: $0.01 per basic and diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Revenues for the 12 months ended December 31, 2022 were $14,016,928 as compared with $11,460,265 for the same period in 2021. The increase was largely driven by the acquisition of Yellow Folder in April 2022 combined with organic growth. We reported net income of $24,027, or $0.01 per basic and diluted share, for the 12 months ended December 31, 2022

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6 earnings releases filed in the last 30 days. Browse all earnings releases →

INTELLINETICS, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-009072

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