Intellinetics, Inc. ( (INLX) ) has released its Q2 earnings. Here is a breakdown of the information Intellinetics, Inc. presented to its investors.
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Intellinetics, Inc. is a digital transformation solutions provider specializing in document management and data protection, serving highly regulated industries such as healthcare, education, and government sectors. The company is headquartered in Columbus, Ohio.
In the second quarter of 2025, Intellinetics reported a decrease in total revenue by 13.6% compared to the same period in 2024, primarily due to a significant drop in professional services revenue. However, the company saw a 12.6% increase in its Software as a Service (SaaS) revenue, reflecting its strategic focus on expanding this segment.
Key financial metrics for the quarter include a net loss of $567,590 compared to a net income of $75,050 in the previous year. The company’s adjusted EBITDA also saw a substantial decline from $698,217 in 2024 to $27,573 in 2025. Despite these challenges, Intellinetics managed to prepay all outstanding notes payable, ending the quarter with $2.1 million in cash.
Looking ahead, Intellinetics’ management remains focused on driving SaaS revenue growth and expects to maintain positive adjusted EBITDA for the year. The company anticipates a recovery in professional services revenue and plans to continue investing in sales and marketing to support future growth.