{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-023042","form_type":"8-K","ticker":"INLX","cik":"0001081745","company_name":"INTELLINETICS, INC.","filed_at":"2026-05-14T20:00:32+00:00","discovered_at":"2026-05-14T20:02:00.288058+00:00","generated_at":"2026-05-14T21:03:08.580662+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Intellinetics Q1 revenue falls 8% to $3.9M; net loss widens to $1.2M; CEO sees double-digit SaaS growth","bullets":["Total revenue $3.9M, down 8% YoY; SaaS revenue flat at $1.5M (+0.1%).","Net loss of $1.2M ($0.27/sh) vs net loss of $0.7M ($0.17/sh) in Q1 2025.","Adjusted EBITDA loss of $287,650 vs profit of $76,589 in prior year.","Q1 includes $430K in non-recurring CEO transition costs (severance, recruiting).","New CEO Forsythe expects double-digit SaaS growth YoY in FY 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-023042","json":"https://secwatch.observer/filing/0001493152-26-023042.json","markdown":"https://secwatch.observer/filing/0001493152-26-023042.md","text":"https://secwatch.observer/filing/0001493152-26-023042.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1081745/000149315226023042/0001493152-26-023042-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1081745/000149315226023042/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T21:03:08.580662+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9e36d4217c03f4061178de43ff3300813bc96dfe","claim":"INTELLINETICS, INC. reported the three months ended March 31, 2026 results: revenue $3,909,182, net income $1,177,853, EPS ($0.27). Guidance initiated.","evidence_excerpt":"Revenues for the three months ended March 31, 2026 were $3,909,182, a decrease of 8.0%, as compared with $4,247,345 for the same period in 2025. This decrease was primarily due to a 14.3% decline in professional services revenue. Total operating expenses increased 4.4% to $3,664,611, compared to $3,511,759 for the same period in 2025, driven by increases in general and administrative expense of 9.1%, due to non-recurring expenses in Q1 related to our CEO transition, totaling $430,130, including severance costs and share-based compensation for our retiring CEO, overlapping compensation expenses for our prior and current CEO in the quarter, and recruiting costs for our new CEO, partially offset by reduced share-based compensation expense for other employees. Loss from operations was $1,182,552 compared to loss from operations of $684,559 in the first quarter last year, primarily due to the lower professional services revenues and non-recurring CEO transition costs. Intellinetics reported","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1081745/000149315226023042/0001493152-26-023042-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2026"},{"label":"Revenue","value":"$3,909,182"},{"label":"Net income","value":"$1,177,853"},{"label":"EPS","value":"($0.27)"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}