Intellinetics Inc (INLX) Q3 2024 Earnings Call Highlights: Revenue Growth and Strategic ... [Yahoo! Finance]
Intellinetics, Inc. (INLX)
NASDAQ:AMEX Investor Relations:
intellinetics.com/investor-relations
Company Research
Source: Yahoo! Finance
Intellinetics Inc ( INLX ) reported an 8% increase in total revenue for Q3 2024, reaching $4.6 million compared to $4.2 million in the same period last year. The company's payables automation solution, IPASS, is gaining strong customer acceptance and is expected to drive future business growth. Professional services revenue increased by 11.5% to $2.6 million, representing 56.7% of total revenue, up from 54.9% last year. Intellinetics Inc ( INLX ) has successfully reduced its long-term debt by $3.6 million since December 2022, primarily through prepayments. The company is actively investing in scaling its business, including hiring additional sales reps and expanding marketing efforts, which is expected to bring significant revenue opportunities in 2025. Consolidated gross margin slightly decreased by 20 basis points to 61.1% for Q3 2024, compared to 61.3% last year. Operating expenses increased by 37.3% to $3.1 million, driven by share-based compensation, sales and market
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INLX
News
- Intellinetics, Inc. (INLX) Reports Q3 Loss, Misses Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Intellinetics Grows 2024 Revenues 8.0% for Third Quarter of 2024Business Wire
- Intellinetics to Host Third Quarter 2024 Financial Results Conference Call on November 13Business Wire
- Intellinetics Expands Payables Automation Solutions Practice into K-12 Market Following Successful Pilot Program [Yahoo! Finance]Yahoo! Finance
- Intellinetics Expands Payables Automation Solutions Practice into K-12 Market Following Successful Pilot ProgramBusiness Wire
INLX
Sec Filings
- 12/9/24 - Form 4
- 11/13/24 - Form 8-K
- 11/13/24 - Form 10-Q
- INLX's page on the SEC website