---
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"
generated_at: "2026-06-02T00:14:31.001688+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Intellinetics Q1 revenue up 7.7% to $4.5M, net loss $174K vs prior-year profit; revises EBITDA guidance lower

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-019216
- JSON: https://secwatch.observer/filing/0001493152-24-019216.json
- Plain text: https://secwatch.observer/filing/0001493152-24-019216.txt

## Key facts
- Earnings Releases
  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.
  - Period: fiscal quarter ended March 31, 2024
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1081745/000149315224019216/0001493152-24-019216-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.