Intellinetics FY2023 revenue $16.9M (+20.5%), SaaS revenue $5.1M (+27.8%), net income $519K; plans $500K debt prepayment

INTELLINETICS, INC.

Full-year revenue $16.9M (+20.5% YoY); SaaS revenue $5.1M (+27.8%).
Net income $519K ($0.13 basic EPS) vs. $24K in 2022; Adjusted EBITDA $2.74M (+13.7%).
Q4 net income $62K (-69% YoY) on revenue $4.19M (+3.8%).
IPAS commercially launched with two customers; seven more signed; expects to double SaaS revenue over 4-5 years.
Company plans $500K debt prepayment; aims to have no net debt by end of 2024.

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 fiscal year ended December 31, 2023 results: revenue $16,886,381, net income $519,266, EPS $0.13 per basic and $0.11 per fully diluted share. Guidance reaffirmed.

Period: fiscal year ended December 31, 2023
Revenue: $16,886,381
Net income: $519,266
EPS: $0.13 per basic and $0.11 per fully diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

4,017,409 Software maintenance services 1,407,064 1,387,885 Professional services 9,167,428 7,357,937 Storage and retrieval services 1,078,414 1,094,613 Total revenues $ 16,886,381 $ 14,016,928 James F. DeSocio , President & CEO of Intellinetics, stated, “This was a milestone year for Intellinetics, as we expanded our base of recurring SaaS revenue, making

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INTELLINETICS, INC. filing history →

Source: SEC EDGAR

accession 0001493152-24-011741

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