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Intellinetics CSO Matthew Chretien to retire Sept 1; 8-K/A corrects title
Matthew Chretien, Chief Strategy Officer, will retire and resign as Secretary and CSO effective Sept 1, 2026.
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Intellinetics CEO Matthew Chretien retires effective Sept 1; separation agreement pending
Matthew Chretien, CEO, retires and resigns as Secretary and Chief Strategy Officer effective Sept 1, 2026.
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Intellinetics Q2 net loss widens to $1.1M; SaaS revenue up 4.2% to $1.6M
Q2 revenue $3.9M, down 1.6% YoY; SaaS revenue $1.6M up 4.2%, professional services down 5.8%.
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Intellinetics shareholders elect directors, approve equity plan amendments at 2026 annual meeting
All five director nominees elected: Taglich, Guttilla, Jaworski, Seid, Bernier, each with >1.85M votes for.
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Intellinetics Q1 revenue falls 8% to $3.9M; net loss widens to $1.2M; CEO sees double-digit SaaS growth
Total revenue $3.9M, down 8% YoY; SaaS revenue flat at $1.5M (+0.1%).
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Intellinetics FY2025 net loss widens to $1.87M; SaaS revenue up 11.3% but total revenue down 8%
Net loss of $1,872,895 ($0.44/share) vs $546,215 ($0.13/share) in FY2024; Q4 net loss of $207,975.
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Intellinetics appoints Alison Forsythe as CEO, secures $1M JPMorgan line of credit
Alison Forsythe appointed President and CEO effective Feb 17, 2026; previously CEO of Humanyze.
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Intellinetics CEO James DeSocio to retire effective Feb 27, 2026; succession plan underway
CEO James DeSocio resigns as President, CEO, and Director effective Feb 27, 2026; Board reduced to 5 from 6.
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Intellinetics Q3 revenue down 12.8% YoY; SaaS revenue up 14.6%
Q3 revenue $4.0M (-12.8% YoY); net loss $369,765 ($0.08 loss per share) vs $392,850 loss last year.
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Intellinetics Q2 net loss $0.13/share; revenue down 13.6% YoY; SaaS up 12.6%; revises 2025 guidance lower
Net loss $567,590 ($0.13 per share) vs net income $75K ($0.02) in Q2 2024.
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Intellinetics prepays $1.37M notes, expects debt-free balance sheet by June 30
Prepaid $1,373,740 ($1,339,500 principal + $34,240 interest) on notes due Dec 2025 without penalty.
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Intellinetics awarded $42.75M five-year contract with State of Michigan
Contract runs June 1, 2025 to May 30, 2030, with optional 5-year extension.
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Intellinetics enters $10M ATM offering with Lucid Capital Markets
At-the-market offering of up to $10M of common stock through Lucid Capital Markets.
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Intellinetics Q1 net loss widens to $0.17/share; SaaS revenue up 9.8%
Net loss of $727,565 ($0.17 per share) vs $174,714 ($0.04) in Q1 2024; operating loss widened to $684,559.
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Intellinetics appoints CFO Joseph Spain as additional COO, no pay change
CFO Joseph D. Spain appointed to also serve as COO effective May 6, 2025.
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Intellinetics grants 25,000 restricted shares to top three executives
CEO James F. DeSocio receives 10,000 restricted shares; CSO Chretien and CFO Spain each receive 7,500.
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Intellinetics corrects Q4 and FY 2024 adjusted EBITDA upward in amended 8-K
Corrected Q4 2024 Adjusted EBITDA to $600,766 from originally reported $531,241.
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Intellinetics FY2024 revenue up 7% to $18.0M; net loss $546K vs prior year net income
Full-year revenue $18.02M (+6.7% YoY); SaaS revenue $5.69M (+10.8%).
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Director Roger Kahn resigns from Intellinetics board effective Feb 18, 2025
Resignation effective immediately; Kahn cited demands of primary occupation as reason.
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Intellinetics Q3 2024 revenue up 8% to $4.59M; net loss of $0.09/share vs prior year profit of $0.05
Total revenue $4.59M (+8% YoY); SaaS revenue $1.40M (+8.5%); professional services $2.60M (+11.5%).
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Intellinetics presents at MicroCap Rodeo Fall Conference 2024; slide deck filed
Chairman Michael N. Taglich led the presentation at the MicroCap Rodeo Fall Conference on October 16, 2024.
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Intellinetics Q2 revenue up 9% to $4.64M; net income falls to $0.02 EPS; lowers EBITDA guidance
Total revenue $4,641,593 (+9.0% YoY); SaaS +9.6%, professional services +15.8%.
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Intellinetics stockholders elect directors, approve 2024 equity plan, ratify auditor
All six director nominees elected with ~1.78M-1.72M votes for; broker non-votes 168,869.
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Director William Cooke retires; Michael Taglich appointed interim Chairman of Intellinetics.
William Cooke will retire and not stand for reelection at the 2024 Annual Stockholder Meeting on June 20, 2024.
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Intellinetics Q1 revenue up 7.7% to $4.5M, net loss $174K vs prior-year profit; revises EBITDA guidance lower
Total revenue $4.507M, up 7.7% YoY, fully organic; SaaS revenue up 13.5% to $1.405M.
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Intellinetics FY2023 revenue $16.9M (+20.5%), SaaS revenue $5.1M (+27.8%), net income $519K; plans $500K debt prepayment
Full-year revenue $16.9M (+20.5% YoY); SaaS revenue $5.1M (+27.8%).
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Intellinetics amends notes, extends maturity option to Dec 2025; grants 80k restricted shares to execs
Note amendment allows individual holders to extend maturity from March 30, 2025 to Dec 31, 2025; 12% interest continues.
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Intellinetics Q3 2023 revenue up 10% to $4.25M; net income flat at $209k
Total revenue $4.25M (+10% YoY); SaaS revenue $1.29M (+6.8%); professional services $2.33M (+16.2%).
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Intellinetics appoints Michael Taglich to board; Taglich holds ~18% stake
Michael Taglich appointed to Board effective Oct 27, 2023, filling a vacancy from May 2023.
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Intellinetics presents at LD Micro Main Event XVI; no material new info disclosed
Presentation led by CEO James F. DeSocio at investor conference dated October 4, 2023.
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Intellinetics Q2 revenue up 25% YoY to $4.26M; net income $0.03 EPS vs ($0.09)
Q2 revenue $4.26M, up 24.7% fully organic; SaaS revenue rose 10.3%.
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Intellinetics stockholders elect all six director nominees at 2023 annual meeting
All six director nominees elected each with >1.6M votes; 1,787,566 shares present (quorum).
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Intellinetics Q1 revenue up 55% YoY to $4.19M; net income positive, SaaS revenue doubles
Total revenue $4,186,833, up 55% from $2,703,512 in Q1 2022.
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Intellinetics directors Chretien and D'Orazio to leave board; Chretien stays as CSO
Matthew L. Chretien will not stand for reelection; term ends June 22, 2023.
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Intellinetics presents at Taglich Brothers conference; no material updates disclosed
CEO James F. DeSocio and CFO Joseph Spain to present at Taglich Brothers 19th Annual Investment Conference on May 1, 2023.
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Intellinetics reports 2022 revenue up 22%, SaaS revenue up 179% to $4.0M
Full-year total revenue $14.02M (up 22% YoY); SaaS revenue $4.02M (179% YoY).
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Intellinetics presents at Microcap Rodeo Winter Wonderland Conference on Feb 22, 2023
CEO James F. DeSocio and CFO Joseph Spain lead the virtual investor conference presentation.
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Board member Sophie Pibouin resigns; CEO, CFO, CSO get salary increases
Sophie Pibouin resigned from board and its Compensation and Nominating/Governance committees due to new full-time job, effective date TBD.
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Intellinetics prepays $1M of 12% notes, offers holders maturity extension to Aug 2023
Prepaid $1,000,000 (50% of outstanding principal) on its 12% subordinated promissory notes on Dec 1, 2022.
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Intellinetics amends earnout terms for Graphic Sciences acquisition: $700k payment accelerated to Jan 2, 2023
Final earnout payment fixed at $700,000, down from maximum of $833,333 under original agreement.
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Intellinetics adds John Guttilla to board as independent director and audit committee chair
John Guttilla elected to board on Nov 10, 2022, bringing total directors to seven.
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Intellinetics Q3 revenue +22% to $3.9M; SaaS revenue +244%; Adj. EBITDA +48% to $799K
Total revenue $3.9M, up 22% YoY; SaaS revenue surged 244% from acquisition and organic growth.
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Intellinetics cancels and reschedules annual meeting due to insufficient quorum
Annual meeting set for Aug 17, 2022 cancelled; rescheduled for early November 2022.
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Intellinetics Q2 revenue up 17% to $3.42M; net loss $374K on acquisition costs
Total revenue $3.42M (+17% YoY); SaaS revenue surged 208% YoY, led by Yellow Folder acquisition.
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Intellinetics adjourns annual meeting to Aug 17, 2022 due to lack of quorum
Only 38% of outstanding shares voted; quorum requires a majority.
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Intellinetics annual meeting adjourned without quorum; 29% voted, reconvene July 19
June 22 annual meeting lacked quorum; no business conducted; adjourned to July 19, 2022.
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Intellinetics files Yellow Folder financials; Q1 2022 revenue $803k, net income $279k; acquisition price ~$6.5M
Yellow Folder Q1 2022 revenue $803,613, net income $278,889 (up 20% from $666,858 and $257,573 year-ago).
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Intellinetics Q1 net loss $20K; SaaS revenue up 33%; Adj EBITDA up 18%
Total revenue $2.70M (+3% YoY); SaaS revenue $1.16M (+33% YoY).
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Intellinetics presents at Taglich Brothers investor conference; no material new details disclosed
CEO James F. DeSocio and CFO Joseph Spain led presentation at Taglich Brothers 18th Annual Investor Conference on May 2, 2022.
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Intellinetics grants 136,245 stock options to three executives at $6.08; ups CFO salary to $175k
CEO James DeSocio receives 77,854 incentive stock options; CSO Chretien 19,464; CFO Spain 38,927.