Successful Contract Renewal
Intellinetics renewed a 5-year contract with their largest customer, with an additional 5-year extension option, providing a stable revenue horizon.
SaaS Revenue Growth
SaaS revenue grew by 12.6% in Q2 compared to the previous year, driven by early successes in payables automation.
Improved Gross Margin
Consolidated gross margin increased by 328 basis points to 68%, a result of a favorable revenue mix and reduced professional services volume.
Debt Elimination
The company paid off $7.6 million in debt and earnouts, improving its financial standing.
Positive Customer Feedback
High customer satisfaction in the homebuilding market, with 80% of customers live and the rest moving towards live dates.