secwatch.observer — SEC 8-K summary
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Issuer:     INTELLINETICS, INC. (INLX)
CIK:        0001081745
Form:       8-K
Filed at:   2026-05-14T20:00:32+00:00
Accession:  0001493152-26-023042
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intellinetics Q1 revenue falls 8% to $3.9M; net loss widens to $1.2M; CEO sees double-digit SaaS growth
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1081745/000149315226023042/0001493152-26-023042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1081745/000149315226023042/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-023042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer