secwatch.observer — SEC 8-K summary
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Issuer:     INTELLINETICS, INC. (INLX)
CIK:        0001081745
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001493152-24-045125
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1081745/000149315224045125/0001493152-24-045125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1081745/000149315224045125/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-045125

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