secwatch.observer — SEC 8-K summary
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Issuer:     INTELLINETICS, INC. (INLX)
CIK:        0001081745
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001493152-23-041022
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1081745/000149315223041022/0001493152-23-041022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1081745/000149315223041022/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-041022

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