Intellinetics Q3 2024 revenue up 8% to $4.59M; net loss of $0.09/share vs prior year profit of $0.05

INTELLINETICS, INC.

2024-Q3 EPS reported -$0.12 revenue$13,738,302

Total revenue $4.59M (+8% YoY); SaaS revenue $1.40M (+8.5%); professional services $2.60M (+11.5%).
Net loss $(392,850) or $(0.09)/share vs net income $209,331 ($0.05) in Q3 2023.
Adjusted EBITDA $479,537, down from $708,749; driven by $381K share-based comp and $206K higher S&M.
Debt principal reduced to $1.34M from $2.96M at Dec 31, 2023; $1.625M in debt pre-payments YTD.
Reiterated FY 2024 revenue growth; expects Adj. EBITDA decline vs 2023 due to S&M investment.

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