Intellinetics Q2 revenue up 25% YoY to $4.26M; net income $0.03 EPS vs ($0.09)

INTELLINETICS, INC.

2023-Q2 EPS reported $0.06 revenue$8,445,263

Q2 revenue $4.26M, up 24.7% fully organic; SaaS revenue rose 10.3%.
Net income $135,734 ($0.03 diluted EPS) vs net loss $374,167 ($0.09 loss per share) in Q2 2022.
Adjusted EBITDA increased 28.2% to $651,646 from $507,743.
Operating expenses fell 1.2% despite 24.7% revenue growth, driving $430K operating income swing.
Company reiterates 2023 outlook for year-over-year revenue and Adjusted EBITDA growth.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

INTELLINETICS, INC. reported the three and six months ended June 30, 2023 results: revenue $4,258,430, net income $135,734, EPS $0.03. Guidance reaffirmed.

Period: the three and six months ended June 30, 2023
Revenue: $4,258,430
Net income: $135,734
EPS: $0.03
Guidance: reaffirmed
Result: reported results

Exact text from the filing

1,277,918 1,158,456 Software maintenance services 349,139 343,881 Professional services 2,298,316 1,625,765 Storage and retrieval services 269,411 276,436 Total revenues $ 4,258,430 $ 3,415,643 James F. DeSocio, President & CEO of Intellinetics, stated, “This was another strong quarter for Intellinetics, with double-digit revenue growth, combined with lower

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Source: SEC EDGAR

accession 0001493152-23-028376

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