INTELLINETICS, INC. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Intellinetics, Inc. reported a slight increase in revenue and net income for Q1 2024 compared to Q1 2023.</b>

AI Summary

INTELLINETICS, INC. (INLX) filed a Quarterly Report (10-Q) with the SEC on May 14, 2024. Revenue for the three months ended March 31, 2024, was $10,204,000. Revenue for the three months ended March 31, 2023, was $10,081,000. Net income for the three months ended March 31, 2024, was $1,037,000. Net income for the three months ended March 31, 2023, was $1,003,000. Total assets as of March 31, 2024, were $47,834,000.

Why It Matters

For investors and stakeholders tracking INTELLINETICS, INC., this filing contains several important signals. The company's financial performance in Q1 2024 shows modest growth, indicating stability in its core business operations. The filing provides detailed segment revenue, offering insights into which product/service lines are driving growth or experiencing changes.

Risk Assessment

Risk Level: low — INTELLINETICS, INC. shows low risk based on this filing. The company has a history of consistent revenue and net income, with no significant negative trends or events reported in this filing that would suggest high risk.

Analyst Insight

Monitor Intellinetics' ability to sustain revenue growth and manage operating expenses in upcoming quarters.

Financial Highlights

revenue

10,204,000

total Assets

47,834,000

net Income

1,037,000

Revenue Breakdown

Key Numbers

• 10,204,000 — Revenue (Three months ended March 31, 2024)
• 10,081,000 — Revenue (Three months ended March 31, 2023)
• 1,037,000 — Net Income (Three months ended March 31, 2024)
• 1,003,000 — Net Income (Three months ended March 31, 2023)
• 47,834,000 — Total Assets (As of March 31, 2024)
• 47,077,000 — Total Assets (As of December 31, 2023)

Key Players & Entities

• INTELLINETICS, INC. (company) — Filer name
• 2024-03-31 (date) — Period of report
• 2024-05-14 (date) — Filed as of date
• COLUMBUS (location) — Business address city
• OH (location) — Business address state
• NV (location) — State of incorporation

FAQ

Key Dates

• 2024-03-31: Quarterly period end — Financial results for Q1 2024

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value INLX NYSE American Indi

Filing Documents

• form10-q.htm (10-Q) — 799KB
• ex31-1.htm (EX-31.1) — 11KB
• ex31-2.htm (EX-31.2) — 11KB
• ex32-1.htm (EX-32.1) — 4KB
• ex32-2.htm (EX-32.2) — 4KB
• 0001493152-24-019215.txt (&nbsp;) — 5053KB
• inlx-20240331.xsd (EX-101.SCH) — 39KB
• inlx-20240331_cal.xml (EX-101.CAL) — 61KB
• inlx-20240331_def.xml (EX-101.DEF) — 174KB
• inlx-20240331_lab.xml (EX-101.LAB) — 323KB
• inlx-20240331_pre.xml (EX-101.PRE) — 265KB
• form10-q_htm.xml (XML) — 789KB

Financial Statements

Financial Statements. 4 Condensed Consolidated Balance Sheets as of March 31, 2024 (Unaudited) and December 31, 2023 4 Condensed Consolidated Statements of Operations for the three months ended March 31, 2024 and 2023 (Unaudited) 5 Condensed Consolidated Statement of Stockholders' Equity for the three months ended March 31, 2024 and 2023 (Unaudited) 6 Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2024 and 2023 (Unaudited) 7 Notes to Condensed Consolidated Financial Statements (Unaudited) 8 ITEM 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations. 21 ITEM 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 29 ITEM 4.

Controls and Procedures

Controls and Procedures. 29 PART II OTHER INFORMATION 30 ITEM 1. Legal Proceedings. 30 ITEM 1A. Risk Factors. 30 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds. 30 ITEM 3. Defaults Upon Senior Securities. 30 ITEM 4. Mine Safety Disclosures. 30 ITEM 5. Other Information. 30 ITEM 6. Exhibits. 30

SIGNATURES

SIGNATURES 31 2 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q and the documents incorporated into this report by reference contain forward-looking statements. In addition, from time to time we may make additional forward-looking statements in presentations, at conferences, in press 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 earnings, and our expectations about rea

View Full Filing

View this 10-Q filing on SEC EDGAR