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Stock impact report

Intellinetics, Inc. Reports Second Quarter and Six-Month Results

Intellinetics, Inc. (INLX) 
NASDAQ:AMEX Investor Relations: intellinetics.com/investor-relations
Company Research Source: GlobeNewswire
Revenue Growth Over First Quarter COLUMBUS, OH , Aug. 14, 2019 (GLOBE NEWSWIRE) --  – Intellinetics, Inc. (OTCQB: INLX), a cloud-based document solutions provider, announced financial results for the three and six months ended June 30, 2019. 2019 Second Quarter Financial Highlights Total Revenue increased 24% sequentially from Q1 2019.Total Revenue increased 17% from Q2 2018.Software as a Service Revenue increased 30% from Q2 2018.Net Loss of $473,662.Adjusted EBITDA Loss of $163,720, a decrease of 58% from Q2 2018. 2019 Six Month Financial Highlights Total Revenue increased 8% from the same period in 2018.Software as a Service Revenue increased 21% from the same period in 2018.Net Loss of $1,143,515.Adjusted EBITDA Loss of $454,894, a decrease of 34% from the same period in 2018. Summary – 2019 Second Quarter Results Revenues for the three months ended June 30, 2019 were $640,608 as compared with $549,678 for the same period in 2018, and as compared with $515,38 Show less Read more
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