secwatch.observer — SEC 8-K summary
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Issuer:     INTELLINETICS, INC. (INLX)
CIK:        0001081745
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001493152-24-031584
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1081745/000149315224031584/0001493152-24-031584-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1081745/000149315224031584/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-031584

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