secwatch.observer — SEC 8-K summary
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Issuer:     INTELLINETICS, INC. (INLX)
CIK:        0001081745
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001493152-24-019216
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1081745/000149315224019216/0001493152-24-019216-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1081745/000149315224019216/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-019216

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