INTELLINETICS, INC. Files 2023 Annual Report on Form 10-K

AI Summary

INTELLINETICS, INC. (INLX) filed a Annual Report (10-K) with the SEC on March 28, 2024. Intellinetics, Inc. reported its 2023 fiscal year results on March 28, 2024. The company's primary business is providing software and related services. Key segments include Sale of Software, Software as a Service (SaaS), Software Maintenance, Professional Services, and Storage and Retrieval Services. The filing details financial data for the fiscal years ending December 31, 2023, and December 31, 2022. Intellinetics, Inc. is incorporated in Nevada and headquartered in Columbus, Ohio.

Why It Matters

For investors and stakeholders tracking INTELLINETICS, INC., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Intellinetics' financial health, operational segments, and strategic direction for the fiscal year 2023, crucial for investors and stakeholders to assess performance and future prospects. The detailed segment reporting and financial data allow for a year-over-year comparison, highlighting trends in revenue streams like SaaS and professional services, which are key indicators of the company's growth and market position.

Risk Assessment

Risk Level: medium — INTELLINETICS, INC. shows moderate risk based on this filing. The company operates in the software and services industry, which is subject to rapid technological changes and competitive pressures, as indicated by the various service segments and the need for ongoing software development.

Analyst Insight

Investors should analyze the revenue growth across different service segments, particularly SaaS and professional services, to understand the company's market traction and future revenue potential.

Revenue Breakdown

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-03-28 — Filing Date (Date of submission)
• 7372 — SIC Code (Industry classification)
• NV — State of Incorporation (Legal domicile)

Key Players & Entities

• INTELLINETICS, INC. (company) — Filer name
• INLX (company) — Ticker symbol
• 2023-12-31 (date) — Fiscal year end
• 2024-03-28 (date) — Filing date
• Columbus, OH (location) — Business address city and state
• 7372 (sic_code) — Standard Industrial Classification
• GLOBALWISE INVESTMENTS INC (company) — Former company name
• 2000-09-28 (date) — Date of name change

FAQ

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K filing.
• 2024-03-28: Filing Date — Date the 10-K was officially submitted to the SEC.

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share INLX NYSE American Secu

Filing Documents

• form10-k.htm (10-K) — 1532KB
• ex4-6.htm (EX-4.6) — 6KB
• ex21-1.htm (EX-21.1) — 5KB
• ex23-1.htm (EX-23.1) — 4KB
• ex31-1.htm (EX-31.1) — 12KB
• ex31-2.htm (EX-31.2) — 12KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 7KB
• 0001493152-24-011731.txt ( ) — 7533KB
• inlx-20231231.xsd (EX-101.SCH) — 59KB
• inlx-20231231_cal.xml (EX-101.CAL) — 75KB
• inlx-20231231_def.xml (EX-101.DEF) — 262KB
• inlx-20231231_lab.xml (EX-101.LAB) — 468KB
• inlx-20231231_pre.xml (EX-101.PRE) — 383KB
• form10-k_htm.xml (XML) — 1132KB

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 8 Item 1B. Unresolved Staff Comments 21 Item 1C. Cybersecurity 21 Item 2.

Properties

Properties 21 Item 3.

Legal Proceedings

Legal Proceedings 22 Item 4. Mine Safety Disclosure 22 Part II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 22 Item 6. [Reserved] 23 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 34 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 34 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 35 Item 9A.

Controls and Procedures

Controls and Procedures 35 Item 9B. Other Information 36 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 36 Part III Item 10. Directors, Executive Officers and Corporate Governance 36 Item 11.

Executive Compensation

Executive Compensation 36 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 36 Item 13. Certain Relationships and Related Transactions, and Director Independence 36 Item 14. Principal Accounting Fees and Services 36 Part IV Item 15. Exhibits, Financial Statement Schedules 37

Signatures

Signatures 38 i CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K and the documents incorporated into this report by reference contain, and we may from time to time make, forward-looking releases, in other reports and filings and otherwise. Forward-looking statements are all statements other than statements of historical facts, including statements that refer to plans, intentions, objectives, goals, targets, strategies, hopes, beliefs, projections, prospects, expectations or other characterizations of future events or performance, and assumptions underlying the foregoing. The words "may," "could," "should," "would," "will," "project," "intend," "continue," "believe," "anticipate," "estimate," "forecast," "expect," "plan," "potential," "opportunity," "scheduled," "goal," "target," and "future," variations of such words, and other comparable terminology and similar expressions and references to future periods are often, but not always, used to identify forward-looking statements. Examples of forward-looking statements include, among other things, statements about the following: the effects on our business, financial condition and results of operations of current and future economic, business, market and regulatory conditions, including the current global inflation, economic downturn, and other economic and market conditions, and their effects on our customers and their capital spending and ability to finance purchases of our products, services, technologies and systems; our prospects, including our future business, revenues, recurring revenues, expenses, net income, earnings per share, margins, profitability, cash flow, cash position, liquidity, financial condition and results of operations, backlog of orders and revenue, our targeted growth rate, our goals for future revenues and earni

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View this 10-K filing on SEC EDGAR