{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-019216","form_type":"8-K","ticker":"INLX","cik":"0001081745","company_name":"INTELLINETICS, INC.","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.203312+00:00","generated_at":"2026-06-02T00:14:31.001688+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Intellinetics Q1 revenue up 7.7% to $4.5M, net loss $174K vs prior-year profit; revises EBITDA guidance lower","bullets":["Total revenue $4.507M, up 7.7% YoY, fully organic; SaaS revenue up 13.5% to $1.405M.","Net loss of $174,714 ($0.04 loss per share) vs net income of $112,563 ($0.03 EPS) in Q1 2023.","Adjusted EBITDA $673,362, up 6.9% YoY; revised guidance expects 2024 EBITDA at or slightly below 2023 levels.","Largest customer may shift tasks, potentially reducing document conversion revenue starting Q4 2024; company will negotiate.","Prepaid $500K debt in Q1, plans additional $325K prepayment; remaining debt principal ~$2.1M due Dec 31, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-019216","json":"https://secwatch.observer/filing/0001493152-24-019216.json","markdown":"https://secwatch.observer/filing/0001493152-24-019216.md","text":"https://secwatch.observer/filing/0001493152-24-019216.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1081745/000149315224019216/0001493152-24-019216-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1081745/000149315224019216/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T00:14:31.001688+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"01ea2def51b8f9086d6a3e05db3c5b0463ed63ba","claim":"INTELLINETICS, INC. reported fiscal quarter ended March 31, 2024 results: revenue Total revenues $ 4,507,084, net income net loss of $174,714, EPS $0.04 net loss per basic and fully diluted share. Guidance lowered.","evidence_excerpt":"Revenues for the three months ended March 31, 2024 were $4,507,084, an increase of 7.7%, as compared with $4,186,833 for the same period in 2023. This organic increase was driven by an 13.5% increase in SaaS revenue, and a 7.9% increase in professional services fees, partially offset by lower sales of storage and retrieval and modest growth, at 2.4% as expected, in software maintenance services. Recurring revenue grew 12.2% and now represents 61% of total revenue. Total operating expenses increased 24.2% to $2,934,124, compared to $2,361,840, driven by a $397,901 charge for restricted stock awards, as well as depreciation and amortization expenses (all non-cash expenses, except for $69,525 related to withholding taxes for the restricted stock awards). Loss from operations (inclusive of the restricted stock award charge) was $34,480 compared to income from operations of $283,999 in the first quarter last year. Intellinetics reported a net loss of $174,714 compared to net income of $112,","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1081745/000149315224019216/0001493152-24-019216-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal quarter ended March 31, 2024"},{"label":"Revenue","value":"Total revenues $ 4,507,084"},{"label":"Net income","value":"net loss of $174,714"},{"label":"EPS","value":"$0.04 net loss per basic and fully diluted share"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}