secwatch.observer — SEC 8-K summary
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Issuer:     INTELLINETICS, INC. (INLX)
CIK:        0001081745
Form:       8-K
Filed at:   2025-05-13T23:59:59+00:00
Accession:  0001641172-25-009944
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intellinetics Q1 net loss widens to $0.17/share; SaaS revenue up 9.8%
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- Net loss of $727,565 ($0.17 per share) vs $174,714 ($0.04) in Q1 2024; operating loss widened to $684,559.
- Total revenue $4.25M, down 5.8% YoY; SaaS revenue grew 9.8% to $1.54M, professional services fell 13.2%.
- Adjusted EBITDA dropped to $76,589 from $673,362; ended quarter with ~$2.1M cash.
- Launched initial Purchase Order feature for Payables Automation; live reference accounts increased 50%.
- Expects 2025 revenue growth but Adjusted EBITDA to be less than half of 2024 due to investments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1081745/000164117225009944/0001641172-25-009944-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1081745/000164117225009944/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-009944

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