Latest news with #Intellinetics
Yahoo
2 days ago
- Business
- Yahoo
Intellinetics Inc (INLX) Q2 2025 Earnings Call Highlights: Navigating Challenges with Strategic ...
Release Date: August 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Intellinetics Inc (INLX) successfully renewed a five-year contract with its largest customer, with an additional five-year extension option. The company has rebuilt its backlog with orders that will restore transformation work to historical levels by the end of Q3. Intellinetics Inc (INLX) completed successful testing on a large microfilm conversion project, expected to add revenue in Q4 and beyond. The company has grown revenues at 12.6% in Q2 year-over-year, despite challenges in key vertical markets. Intellinetics Inc (INLX) has paid off $7.6 million in debt and earnouts, positioning itself to invest in sales, marketing, and development for future growth. Negative Points Total revenue for Q2 2025 decreased by 13.6% compared to the same period last year, primarily due to a reduction in professional services revenue. Operating expenses increased by 21.1% in Q2 2025, driven by investments in sales, marketing, and infrastructure. The company reported a net loss of $568,000 for Q2 2025, compared to a net income of $75,000 in the same period last year. Intellinetics Inc (INLX) expects 2025 revenues to be less than 2024 revenues due to weakness in professional services in the first half of the year. Adjusted EBITDA for Q2 2025 was significantly lower at $28,000 compared to $698,000 in the same period in 2024, due to reduced professional services and increased investment spending. Q & A Highlights Warning! GuruFocus has detected 3 Warning Signs with INLX. Q: In terms of the professional services ramping back up to historical levels, should we also model out that margins will be relatively healthy at historical levels or maybe even a little better than historical levels? A: Yes, we expect margins to be a little bit better than historical levels. The June 1 renewal, which includes a 5-year contract with an extension, comes with some price increases embedded, leading to anticipated margin improvement. (Respondent: CFO) Q: How many customers on the home builder side are live, and how many have paused but are expected to go live in the next 6 months? A: Currently, 80% of our customers are live, and the rest are moving aggressively towards live dates. The product has matured over the last year, and customers are satisfied, with many being referenceable. (Respondent: CEO) Q: From this point forward, should we expect double-digit growth in the fast line if nothing else out of the ordinary occurs? A: Yes, the pipeline is strong, and we haven't lost any business. We anticipate a strong fourth quarter, especially with the launch of our payables automation product into the K-12 market and other initiatives. (Respondent: CEO) Q: Has the pipeline for K-12 utilizing the IPA grown, and have more customers gone live? A: Yes, we now have four live customers in the K-12 market, up from three. We are also negotiating upsells and expanding our marketing efforts, expecting significant results in this sector. (Respondent: CEO) Q: Can you talk about any progress being made on entering new verticals or ERP verticals? A: We have a partner manager working diligently on this. We signed Spring Brook earlier in the year, and we are actively calling on new partners to expand our ecosystem. (Respondent: CEO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Business Wire
3 days ago
- Business
- Business Wire
Intellinetics Reports Second Quarter Results
COLUMBUS, Ohio--(BUSINESS WIRE)--Intellinetics, Inc. (NYSE American: INLX), a digital transformation solutions provider, announced financial results for the second quarter of 2025 and six months ended June 30, 2025. 2025 Second Quarter Highlights Software as a Service revenue increased 12.6% over the same period in 2024. IntelliCloud Payables Automation continued its commercialization. Management believes Payables Automation solutions will be the primary drivers of our SaaS growth going forward. Professional services revenue decreased 29.0% from the same period in 2024. We received new orders for work as of the time of this release, that substantially increases our backlog. Total Revenue decreased 13.6% from the same period in 2024. Gross profit decreased 9.2% from the same period in 2024, a function of volume, as gross margin percentage rates remained stable in all revenue lines. Net loss was $567,590, or $0.13 net loss per basic and fully diluted share, compared with a net income of $75,050, or $0.02 net income per basic and fully diluted share, for the same period in 2024. The change was due to infrastructure, including system security, and SAAS spending to promote growth. Adjusted EBITDA was $27,573, compared to $698,217 from the same period in 2024. All outstanding notes payable were prepaid in June. Ended the quarter with approximately $2.1 million in cash. , President & CEO of Intellinetics, stated, 'Our company suffered from a temporary reduction in our professional services revenue in our document conversion segment which was deeper and longer than we anticipated. This was caused by the timing of our June 1, 2025 renewal of our contract with our largest customer, which we announced June 2. The revenue shortfall in the quarter and first half of the year is significant, but I am happy to share that the recovery is underway now and that during this current quarter, Q3, production is returning to historical levels. We have orders in hand that will keep production at historical levels well into Q1 2026. Further, the renewed contract includes price increases that we expect to provide incremental gross margins the latter half of this year. We also have other positives to call out, including the fact that our margins across all revenue lines have remained stable, and that despite the professional services revenue shortfall, we were still able to achieve positive operating cash flow, as reported in our financial statements. Additionally, we were able to prepay all of our outstanding debt in June, improving our future cash flows and flexibility.' 'Despite market challenges, we have stayed laser-focused on growing our SaaS revenues,' said DeSocio. 'SaaS revenue rose 12.6% from Q2 2024 to Q2 2025. We have added headcount to drive additional SAAS revenue growth recently and we will continue to selectively hire. We are actively running targeted sales campaigns both within our existing partner ecosystems and to our direct customers, in K-12, Payables Automation, and Digital Transformation. These strategic investments are designed to drive strong sales growth in Q3, Q4, and into FY26.' 'Our plan is to drive our SAAS business much further, which can take our company to the next level. We believe material penetration of accounts with strategic partners over the next many years is eminently achievable. As reference accounts grow and share the story of driving efficiencies and a tremendous ROI, paired with executive visibility, the sales cycle within each ecosystem will shorten and accelerate. Our business model, which mostly revolves around making good ERP systems better, has an ultimately low cost of generating high value annual recurring revenue,' DeSocio concluded. Summary – 2025 Second Quarter Results Revenues for the three months ended June 30, 2025 were $4,010,813, a decrease of 13.6%, as compared with $4,641,593 for the same period in 2024. This net decrease was driven by a 29.0% decrease in professional services revenues more than offsetting SaaS revenue growth of 12.6%. Total operating expenses increased 14.3% to $3,235,035, compared to $2,830,873, driven by our initiatives in sales and marketing to grow the business, as well as corresponding initiatives in general and administrative costs to enhance our IT and control environment as part of SOC2 and preparing the organization for growth at scale. Additionally, for the second quarter share-based compensation increased $177,234 from 2024 to 2025. Loss from operations was $508,478 compared to income from operations of $172,106 in the first quarter last year. Intellinetics reported a net loss of $567,590 compared to net income of $75,050 for the same period in 2024. Basic and diluted net loss per share for the three months ended June 30, 2025 was $(0.13), compared to net income per basic and diluted share of $0.02 for the period ended June 30, 2024. Adjusted EBITDA was $27,573 compared to $698,217 in 2024. Summary – 2025 Year-to-Date Results Revenues for the six months ended June 30, 2025 were $8,258,158, a decrease of 9.7% compared to $9,148,677 for the same period in 2024. This net decrease was driven by a 21.4% decrease in professional services revenues more than offsetting SaaS revenue growth of 11.2%. Total operating expenses increased 17.8% to $6,788,794 compared to $5,764,997. In addition to structural investments for growth and scale, including sales and marketing expansion, share-based compensation expense increased $200,640. Loss from operations was $1,193,037, compared to income from operations of $137,626 last year. Intellinetics reported a net loss of $1,295,155, or $(0.31) per basic and diluted share compared to net loss of $99,664, or $(0.02) per basic and diluted share, for the same period in 2024. Adjusted EBITDA was $104,162 compared to $1,371,579 in 2024. 2025 Outlook Based on management's current plans and assumptions, the Company is revising its guidance and expects that 2025 revenues will be less than 2024 revenues, driven by weakness in professional services in the first half of the year, however, the Company expects to still grow SAAS revenues and maintain positive Adjusted EBITDA. The Company expects its 2025 Adjusted EBITDA to be reduced by more than half compared to fiscal year 2024, due to increased investments in sales and marketing intended to provide returns on those investments in late 2025 and beyond. Conference Call Intellinetics is holding a conference call to discuss these results on a live webcast at 4:30 p.m. ET today. Interested parties can access the webcast through the Intellinetics website at Investors can also dial in to the webcast by calling (877) 407-8133 (toll-free) or (201) 689-8040. A replay of the call can also be accessed via phone through September 13, 2025 by dialing (877) 660-6853 (toll-free) or (201) 612-7415 and using replay access code 13755361. About Intellinetics, Inc. Intellinetics, Inc. (NYSE American: INLX) is enabling the digital transformation. Intellinetics empowers organizations to manage, store and protect their important documents and data. The Company's flagship solution, the IntelliCloud ™ content management platform, delivers advanced security, compliance, workflow and collaboration features critical for highly regulated, risk-intensive markets. IntelliCloud connects documents to users and the processes they support anytime, anywhere to accelerate innovation and empower organizations to think and work in new ways. In addition, Intellinetics offers business process outsourcing (BPO), document and micrographics scanning services, and records storage. From highly regulated industries like Healthcare/Human Service Providers, K-12, Public Safety, and State and Local Governments, to businesses looking to move away from paper-based processes, Intellinetics is the all-in-one, compliant, document management solution. Intellinetics is headquartered in Columbus, Ohio. For additional information, please visit Cautionary Statement Statements in this press release which are not purely historical, including statements regarding future business and growth, increased production in professional services, increases in gross margins from price increases, increased sales and marketing efforts, future revenues, including the '2025 Outlook' for revenues and EBITDA; organic revenue growth from both new and existing customers; successful completion of existing orders; sales penetration with strategic distribution and reseller partners; customer returns on investment in our software solutions; market share, growth of our markets; sustainable profitability; the rollout and success of new products, including Payables Automation; continued growth of SaaS revenue; execution of our business plan, strategy, direction and focus; and other intentions, beliefs, expectations, representations, projections, plans or strategies regarding future growth, financial results, and other future events are forward-looking statements. The forward-looking statements involve risks and uncertainties including, but not limited to, the risks associated with the effect of changing economic conditions including inflationary pressures; the effect of tariff uncertainty on our customers; challenges with hiring and maintaining a stable workforce; reductions in governmental funding of public education; our ability to execute on our business plan and strategy including our transition to a SaaS-based company, customary risks attendant to acquisitions, trends in the products markets, variations in Intellinetics' cash flow or adequacy of capital resources, market acceptance risks, the success of Intellinetics' solutions providers, including human services, health care, and education, technical development risks, and other risks, uncertainties and other factors discussed from time to time in its reports filed with or furnished to the Securities and Exchange Commission, including in Intellinetics' most recent annual report on Form 10-K as well as subsequently filed reports on Form 8-K. Intellinetics cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Intellinetics disclaims any obligation and does not undertake to update or revise any forward-looking statements in this press release. Expanded and historical information is made available to the public by Intellinetics on its website at or at Non-GAAP Financial Measures Intellinetics uses non-GAAP Adjusted EBITDA as supplemental measures of our performance that are not required by, or presented in accordance with, accounting principles generally accepted in the United States (GAAP). A non-GAAP financial measure is a numerical measure of a company's financial performance that excludes or includes amounts so as to be different from the most directly comparable measure calculated and presented in accordance with GAAP in the statement of income, balance sheet or statement of cash flows of a company. Adjusted EBITDA: Adjusted EBITDA is not a measurement of financial performance under GAAP and should not be considered as an alternative to net income, operating income, or any other performance measure derived in accordance with GAAP, or as an alternative to cash flow from operating activities or a measure of our liquidity. Intellinetics urges investors to review the reconciliation of non-GAAP Adjusted EBITDA to the comparable GAAP Net Income, which is included in this press release, and not to rely on any single financial measure to evaluate Intellinetics' financial performance. We believe that Adjusted EBITDA is a useful performance measure and is used by us to facilitate a comparison of our operating performance on a consistent basis from period-to-period and to provide for a more complete understanding of factors and trends affecting our business than measures under GAAP can provide alone. We define 'Adjusted EBITDA' as earnings before interest expense, any income taxes, depreciation and amortization expense, non-cash portion of share-based compensation, note conversion and note or equity offer warrant or stock expense, gain or loss on debt extinguishment, change in fair value of contingent consideration, and transaction costs. Reconciliation of Net (Loss) Income to Adjusted EBITDA For the Six Months Ended June 30, 2025 2024 Net (loss) income - GAAP $ (1,295,155 ) $ (99,664 ) Interest expense, net 102,118 237,290 Depreciation and amortization 615,127 538,648 Share-based compensation 682,072 695,305 Adjusted EBITDA $ 104,162 $ 1,371,579 Expand INTELLINETICS, INC. and SUBSIDIARIES Condensed Consolidated Statements of Operations (unaudited) 2025 2024 2025 2024 Revenues: Software as a service $ 1,577,104 $ 1,400,591 $ 3,119,273 $ 2,805,744 Software maintenance services 330,459 353,966 665,650 711,949 Professional services 1,899,619 2,677,291 4,057,934 5,162,748 Storage and retrieval services 203,631 209,745 415,301 468,236 Total revenues 4,010,813 4,641,593 8,258,158 9,148,677 Cost of revenues: Software as a service 247,051 217,586 462,180 433,578 Software maintenance services 12,978 13,364 29,343 29,074 Professional services 964,448 1,345,666 2,004,454 2,634,794 Storage and retrieval services 59,779 61,998 166,424 148,608 Total cost of revenues 1,284,256 1,638,614 2,662,401 3,246,054 Gross profit 2,726,557 3,002,979 5,595,757 5,902,623 Operating expenses: General and administrative 2,272,221 2,025,796 4,704,255 4,154,289 Sales and marketing 655,372 530,439 1,469,412 1,072,060 Depreciation and amortization 307,442 274,638 615,127 538,648 Total operating expenses 3,235,035 2,830,873 6,788,794 5,764,997 (Loss) income from operations (508,478 ) 172,106 (1,193,037 ) 137,626 Interest expense, net (59,112 ) (97,056 ) (102,118 ) (237,290 ) Net (loss) income $ (567,590 ) $ 75,050 $ (1,295,155 ) $ (99,664 ) Basic net (loss) income per share: $ (0.13 ) $ 0.02 $ (0.31 ) $ (0.02 ) Diluted net (loss) income per share: $ (0.13 ) $ 0.02 $ (0.31 ) $ (0.02 ) Weighted average number of common shares outstanding - basic 4,251,689 4,229,518 4,213,389 4,171,570 Weighted average number of common shares outstanding - diluted 4,251,689 4,722,063 4,213,389 4,171,570 Expand INTELLINETICS, INC. and SUBSIDIARIES (Unaudited) June 30, December 31, 2025 2024 ASSETS Current assets: Cash $ 2,071,475 $ 2,489,236 Accounts receivable, net 771,802 1,111,504 Accounts receivable, unbilled 1,091,894 1,296,524 Parts and supplies, net 164,561 100,561 Prepaid expenses and other current assets 502,994 476,731 Total current assets 4,602,726 5,474,556 Property and equipment, net 1,195,766 1,093,867 Right of use assets, operating 1,539,922 1,894,866 Right of use assets, finance 201,369 237,741 Intangible assets, net 3,148,242 3,399,029 Goodwill 5,789,821 5,789,821 Other assets 680,539 685,076 Total assets $ 17,158,385 $ 18,574,956 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 564,394 $ 310,623 Accrued compensation 364,281 493,700 Accrued expenses 218,144 172,421 Lease liabilities, operating - current 865,916 842,468 Lease liabilities, finance - current 72,688 69,261 Deferred revenues 2,593,372 3,411,852 Notes payable - current - 781,936 Notes payable - related party - current - 515,512 Total current liabilities 4,678,795 6,597,773 Long-term liabilities: Lease liabilities, operating - net of current portion 769,116 1,161,404 Lease liabilities, finance - net of current portion 146,802 184,024 Total long-term liabilities 915,918 1,345,428 Total liabilities 5,594,713 7,943,201 Stockholders' equity: Common stock, $0.001 par value, 25,000,000 shares authorized; 4,473,130 and 4,249,735 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 4,473 4,250 Additional paid-in capital 34,495,592 32,268,743 Accumulated deficit (22,936,393 ) (21,641,238 ) Total stockholders' equity 11,563,672 10,631,755 Total liabilities and stockholders' equity $ 17,158,385 $ 18,574,956 Expand INTELLINETICS, INC. and SUBSIDIARIES Condensed Consolidated Statements of Cash Flows (unaudited) For the Six Months Ended June 30, 2025 2024 Cash flows from operating activities: Net loss $ (1,295,155 ) $ (99,664 ) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 615,127 538,648 Bad debt expense (recovery) 29,126 (143 ) Loss on disposal of fixed assets 10,202 547 Amortization of deferred financing costs 42,052 94,531 Amortization of right of use assets, financing 36,372 34,954 Share-based compensation 965,471 764,831 Changes in operating assets and liabilities: Accounts receivable 310,576 401,330 Accounts receivable, unbilled 204,630 (162,476 ) Parts and supplies (64,000 ) 16,346 Prepaid expenses and other current assets (26,263 ) 31,049 Accounts payable and accrued expenses 116,759 345,041 Operating lease assets and liabilities, net (13,896 ) (3,990 ) Deferred revenues (818,480 ) (172,623 ) Total adjustments 1,407,676 1,888,045 Net cash provided by operating activities 112,521 1,788,381 Cash flows from investing activities: Capitalization of internal use software (209,171 ) (198,051 ) Purchases of property and equipment (262,733 ) (200,715 ) Net cash used in investing activities (471,904 ) (398,766 ) Cash flows from financing activities: Proceeds from issuance of common stock 1,716,957 - Costs paid for issuance of common stock (118,629 ) - Principal payments on financing lease liability (33,795 ) (29,668 ) Payments to taxing authorities in connection with shares directly withheld from employees (283,399 ) (69,526 ) Exercise of stock warrants (12 ) - Repayment of notes payable (807,331 ) (825,000 ) Repayment of notes payable - related parties (532,169 ) - Net cash used in financing activities (58,378 ) (924,194 ) Net (decrease) increase in cash (417,761 ) 465,421 Cash - beginning of period 2,489,236 1,215,248 Cash - end of period $ 2,071,475 $ 1,680,669 Supplemental disclosure of cash flow information: Cash paid during the period for interest $ 74,425 $ 160,813 Cash paid during the period for income taxes $ 18,849 $ 12,999 Supplemental disclosure of non-cash financing activities: Right-of-use asset obtained in exchange for operating lease liability $ 43,430 $ - Right-of-use asset obtained in exchange for finance lease liability $ - $ 89,289 Expand
Business Wire
06-08-2025
- Business
- Business Wire
Intellinetics to Host Second Quarter 2025 Financial Results Conference Call on August 13
COLUMBUS, Ohio--(BUSINESS WIRE)--Intellinetics, Inc. (NYSE American: INLX), a digital transformation solutions provider, today announced that it will report its financial results for the second quarter of 2025, the period ended June 30, 2025, on Wednesday, August 13, 2025, after the close of the market. Management will discuss these results on a live webcast at 4:30 p.m. ET on that same day. Interested parties can access the webcast through the Intellinetics website at Investors can also dial in to the webcast by calling (877) 407-8133 (toll-free) or (201) 689-8040. A replay of the call can also be accessed via phone through September 13, 2025 by dialing (877) 660-6853 (toll-free) or (201) 612-7415 and using replay access code 13755361. About Intellinetics, Inc. Intellinetics, Inc. (NYSE American: INLX) is enabling the digital transformation. Intellinetics empowers organizations to manage, store and protect their important documents and data. Intellinetics' flagship solution, the IntelliCloud ™ content management platform, delivers advanced security, compliance, workflow and collaboration features critical for highly regulated, risk-intensive markets. IntelliCloud connects documents to users and the processes they support anytime, anywhere to accelerate innovation and empower organizations to think and work in new ways. In addition, Intellinetics offers business process outsourcing (BPO), document and micrographics scanning services, and records storage. From highly regulated industries like Healthcare/Human Service Providers, K-12, Public Safety, and State and Local Governments, to businesses looking to move away from paper-based processes, Intellinetics is the all-in-one, compliant, document management solution. Intellinetics is headquartered in Columbus, Ohio. For additional information, please visit
Yahoo
11-06-2025
- Business
- Yahoo
Intellinetics Expands Payables Automation Solutions Practice with Leading Canadian Homebuilder
Leverages AI-powered technology to revolutionize our customer's utility bill processing COLUMBUS, Ohio, June 11, 2025--(BUSINESS WIRE)--Intellinetics, Inc. (NYSE American: INLX), a digital transformation solutions provider, is pleased to announce that a leading Canadian-based homebuilder and land development company has signed a contract to implement its IntelliCloud™ Payables Automation System. The sale was driven by the new Automated Utility Invoice Coding module and represents $100K in Total Contract Value (TCV) with over $41K in annual SaaS revenue. The customer is scheduled to go live by July 31, 2025. For homebuilders and other organizations that receive many utility invoices, general ledger coding and processing can be a major drain on time, energy, and resources. With high invoice volumes, complex allocations, manual data entry risks, and siloed information, the process is often inefficient and prone to errors like double payment. The Automated Utility Invoice Coding module, introduced to the market in March 2025, harnesses licensed AI-powered technology to revolutionize utility bill coding with low or no-touch processing. The module automatically identifies the lot number and determines its status (model, spec, or completed) and then assigns accurate coding for utilities like gas, electric, water, HOA, and property tax. "We have had some great feedback since we introduced the Automated Utility Invoice Coding module during a webinar in March," said James F. DeSocio, President & CEO at Intellinetics. "In fact, another new customer told us they are already processing over 15,000 utility invoices a month through the system and over 80% are touchless! That's within 60 days of going live. Every month, the percentage of touchless invoices increases for the customer." "Despite the challenges affecting homebuilders, such as tariffs and interest, demand for our Payables Automation solutions continue to grow because our product saves them time and money," said DeSocio. "During times of economic uncertainty, investing in process efficiency becomes crucial because it strengthens a company's ability to adapt, reduce costs, and maintain profitability. By streamlining operations and identifying inefficiencies, businesses can become more agile and resilient, better positioning them for taking advantage in the upswing." Continued DeSocio, "As reference accounts grow and share their story that our solutions are cost-effective with a tangible return on investment, particularly in a downturn, we remain confident in our payables automation solution for generating significant SaaS revenue growth." About Intellinetics, Inc. Intellinetics, Inc. (NYSE American: INLX) is enabling the digital transformation. Intellinetics empowers organizations to manage, store and protect their important documents and data. Intellinetics' flagship solution, the IntelliCloud™ content management platform, delivers advanced security, compliance, workflow and collaboration features critical for highly regulated, risk-intensive markets. IntelliCloud connects documents to users and the processes they support anytime, anywhere to accelerate innovation and empower organizations to think and work in new ways. In addition, Intellinetics offers business process outsourcing (BPO), document and micrographics scanning services, and records storage. From highly regulated industries like Healthcare/Human Service Providers, K-12, Public Safety, and State and Local Governments, to businesses looking to move away from paper-based processes, Intellinetics is the all-in-one, compliant, document management solution. Intellinetics is headquartered in Columbus, Ohio. For additional information, please visit Cautionary Statement Statements in this press release which are not purely historical, including statements regarding future business and growth, Total Contract Value of any customer contract, go-live dates for any customer software implementation, demand for our software products, the cost-effectiveness of our products for our customers, return on investment association with purchasing our software, and generation of significant SaaS revenue growth, execution of our business plan, strategy, direction and focus; and other intentions, beliefs, expectations, representations, projections, plans or strategies regarding future growth, financial results, and other future events are forward-looking statements. The forward-looking statements involve risks and uncertainties including, but not limited to, the risk that we cannot secure a renewal of our largest customer contract through their competitive bidding process that is currently open as of the date of this release, the risks associated with the effect of changing economic conditions including inflationary pressures, challenges with hiring and maintaining a stable workforce, our ability to execute on our business plan and strategy, trends in the products markets, variations in Intellinetics' cash flow or adequacy of capital resources, market acceptance risks, the success of Intellinetics' solutions providers, including human services, health care, and education, technical development risks, and other risks, uncertainties and other factors discussed from time to time in its reports filed with or furnished to the Securities and Exchange Commission, including in Intellinetics' most recent annual report on Form 10-K as well as subsequently filed reports on Form 8-K. Intellinetics cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Intellinetics disclaims any obligation and does not undertake to update or revise any forward-looking statements in this press release. Expanded and historical information is made available to the public by Intellinetics on its website at or at Non-GAAP Financial Measures Intellinetics uses the metric of Total Contract Value as a key performance indicator that is not required by, or presented in accordance with, accounting principles generally accepted in the United States (GAAP). Total Contract Value does not have the effect of excluding, including, or adjusting an otherwise GAAP financial measure, and as such, is not a non-GAAP financial measure. Total Contract Value: Estimated total future revenues from a particular contracted project. This refers to contracts or projects that have been awarded by our customers, and it presumes the provision of all software, subscription services, and/or professional services, with no termination of any awarded contracts. There can be no guarantee that all work will be completed during any fiscal period, or that the contracts will not be terminated before all the estimated future revenues are earned, received, and/or recognized. Total Contract Value is a performance measure that the Company believes provides useful information to its management and investors as it allows the Company to better track the Company's current sales performance, without any adjustment to exclude revenues that will not be earned, received, or recognized until future periods. Total Contract Value may refer to new sales in any of our revenue categories, including SaaS, perpetual software licenses, maintenance, storage and retrieval, and professional services, to new or existing customers. Total Contract Value is not a substitute for total revenue. There is no GAAP measure that is comparable to Total Contract Value, so the Company has not reconciled the Total Contract Value to any GAAP measure. View source version on Contacts Investor Contact: Joe Spain, CFOIntellinetics, Inc.614.921.8170investors@
National Post
11-06-2025
- Business
- National Post
Intellinetics Expands Payables Automation Solutions Practice with Leading Canadian Homebuilder
Article content COLUMBUS, Ohio — Intellinetics, Inc. ( NYSE American: INLX), a digital transformation solutions provider, is pleased to announce that a leading Canadian-based homebuilder and land development company has signed a contract to implement its IntelliCloud™ Payables Automation System. The sale was driven by the new Automated Utility Invoice Coding module and represents $100K in Total Contract Value (TCV) with over $41K in annual SaaS revenue. The customer is scheduled to go live by July 31, 2025. Article content For homebuilders and other organizations that receive many utility invoices, general ledger coding and processing can be a major drain on time, energy, and resources. With high invoice volumes, complex allocations, manual data entry risks, and siloed information, the process is often inefficient and prone to errors like double payment. The Automated Utility Invoice Coding module, introduced to the market in March 2025, harnesses licensed AI-powered technology to revolutionize utility bill coding with low or no-touch processing. The module automatically identifies the lot number and determines its status (model, spec, or completed) and then assigns accurate coding for utilities like gas, electric, water, HOA, and property tax. Article content 'We have had some great feedback since we introduced the Automated Utility Invoice Coding module during a webinar in March,' said James F. DeSocio, President & CEO at Intellinetics. 'In fact, another new customer told us they are already processing over 15,000 utility invoices a month through the system and over 80% are touchless! That's within 60 days of going live. Every month, the percentage of touchless invoices increases for the customer.' Article content 'Despite the challenges affecting homebuilders, such as tariffs and interest, demand for our Payables Automation solutions continue to grow because our product saves them time and money,' said DeSocio. 'During times of economic uncertainty, investing in process efficiency becomes crucial because it strengthens a company's ability to adapt, reduce costs, and maintain profitability. By streamlining operations and identifying inefficiencies, businesses can become more agile and resilient, better positioning them for taking advantage in the upswing.' Article content Continued DeSocio, 'As reference accounts grow and share their story that our solutions are cost-effective with a tangible return on investment, particularly in a downturn, we remain confident in our payables automation solution for generating significant SaaS revenue growth.' Article content About Intellinetics, Inc. Article content Intellinetics, Inc. (NYSE American: INLX) is enabling the digital transformation. Intellinetics empowers organizations to manage, store and protect their important documents and data. Intellinetics' flagship solution, the IntelliCloud™ content management platform, delivers advanced security, compliance, workflow and collaboration features critical for highly regulated, risk-intensive markets. IntelliCloud connects documents to users and the processes they support anytime, anywhere to accelerate innovation and empower organizations to think and work in new ways. In addition, Intellinetics offers business process outsourcing (BPO), document and micrographics scanning services, and records storage. From highly regulated industries like Healthcare/Human Service Providers, K-12, Public Safety, and State and Local Governments, to businesses looking to move away from paper-based processes, Intellinetics is the all-in-one, compliant, document management solution. Intellinetics is headquartered in Columbus, Ohio. For additional information, please visit Cautionary Statement Statements in this press release which are not purely historical, including statements regarding future business and growth, Total Contract Value of any customer contract, go-live dates for any customer software implementation, demand for our software products, the cost-effectiveness of our products for our customers, return on investment association with purchasing our software, and generation of significant SaaS revenue growth, execution of our business plan, strategy, direction and focus; and other intentions, beliefs, expectations, representations, projections, plans or strategies regarding future growth, financial results, and other future events are forward-looking statements. The forward-looking statements involve risks and uncertainties including, but not limited to, the risk that we cannot secure a renewal of our largest customer contract through their competitive bidding process that is currently open as of the date of this release, the risks associated with the effect of changing economic conditions including inflationary pressures, challenges with hiring and maintaining a stable workforce, our ability to execute on our business plan and strategy, trends in the products markets, variations in Intellinetics' cash flow or adequacy of capital resources, market acceptance risks, the success of Intellinetics' solutions providers, including human services, health care, and education, technical development risks, and other risks, uncertainties and other factors discussed from time to time in its reports filed with or furnished to the Securities and Exchange Commission, including in Intellinetics' most recent annual report on Form 10-K as well as subsequently filed reports on Form 8-K. Intellinetics cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Intellinetics disclaims any obligation and does not undertake to update or revise any forward-looking statements in this press release. Expanded and historical information is made available to the public by Intellinetics on its website at or at Article content Non-GAAP Financial Measures Article content Intellinetics uses the metric of Total Contract Value as a key performance indicator that is not required by, or presented in accordance with, accounting principles generally accepted in the United States (GAAP). Total Contract Value does not have the effect of excluding, including, or adjusting an otherwise GAAP financial measure, and as such, is not a non-GAAP financial measure. Article content Total Contract Value Article content : Estimated total future revenues from a particular contracted project. This refers to contracts or projects that have been awarded by our customers, and it presumes the provision of all software, subscription services, and/or professional services, with no termination of any awarded contracts. There can be no guarantee that all work will be completed during any fiscal period, or that the contracts will not be terminated before all the estimated future revenues are earned, received, and/or recognized. Total Contract Value is a performance measure that the Company believes provides useful information to its management and investors as it allows the Company to better track the Company's current sales performance, without any adjustment to exclude revenues that will not be earned, received, or recognized until future periods. Total Contract Value may refer to new sales in any of our revenue categories, including SaaS, perpetual software licenses, maintenance, storage and retrieval, and professional services, to new or existing customers. Total Contract Value is not a substitute for total revenue. There is no GAAP measure that is comparable to Total Contract Value, so the Company has not reconciled the Total Contract Value to any GAAP measure. Article content Article content Article content Article content Contacts Article content Investor Contact: Article content Article content Article content Article content
