secwatch.observer — SEC 8-K summary
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Issuer:     INTELLINETICS, INC. (INLX)
CIK:        0001081745
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001493152-24-011741
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1081745/000149315224011741/0001493152-24-011741-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1081745/000149315224011741/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-011741

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