Intellinetics Q3 2023 revenue up 10% to $4.25M; net income flat at $209k

INTELLINETICS, INC.

2023-Q3 EPS reported $0.10 revenue$12,693,692

Total revenue $4.25M (+10% YoY); SaaS revenue $1.29M (+6.8%); professional services $2.33M (+16.2%).
Net income $209k ($0.05 diluted EPS) vs $218k ($0.05) in Q3 2022; YTD net income $458k vs loss $177k.
Adjusted EBITDA $709k, down 12.7% from $811k; YTD adj. EBITDA $1.99M vs $1.74M (+14.2%).
IPAS contracts signed for >$475k annualized SaaS revenue, expected operational by March 2024.
Paid off $700k debt in Q3, bringing YTD debt/earnout payments to $1.7M; FY 2023 revenue and EBITDA growth guidance reiterated.

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 months ended September 30, 2023 results: revenue $4,248,429, net income $209,331, EPS $0.05 per fully diluted share. Guidance reaffirmed.

Period: the three months ended September 30, 2023
Revenue: $4,248,429
Net income: $209,331
EPS: $0.05 per fully diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

1,293,745 1,211,407 Software maintenance services 353,010 352,892 Professional services 2,333,090 2,007,613 Storage and retrieval services 259,162 269,325 Total revenues $ 4,248,429 $ 3,859,627 James F. DeSocio, President & CEO of Intellinetics, stated, “We delivered another quarter of double-digit revenue growth, bolstered by continued expansion of our SaaS

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INTELLINETICS, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-041022

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