Intellinetics Q2 revenue up 9% to $4.64M; net income falls to $0.02 EPS; lowers EBITDA guidance

INTELLINETICS, INC.

2024-Q2 EPS reported -$0.02 revenue$9,148,677

Total revenue $4,641,593 (+9.0% YoY); SaaS +9.6%, professional services +15.8%.
Net income $75,050 ($0.02 diluted) vs $135,734 ($0.03) in Q2 2023; Adjusted EBITDA $698,217 (+7.1%).
Debt principal reduced to $2.14M; $825K pre-paid YTD; plans another $800K pre-payment in Q3.
IPAS live accounts doubled to four; three more scheduled for Q3; management sees IPAS as key SaaS growth driver.
Reaffirms FY revenue growth guidance but now expects Adjusted EBITDA to decline modestly vs 2023 due to sales investments.

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