Intellinetics, Inc. Files 10-Q for Q2 2024

TL;DR

Intellinetics 10-Q filed: Q2 2024 financials out. Check for software revenue trends.

AI Summary

Intellinetics, Inc. filed its 10-Q for the period ending June 30, 2024, reporting on its financial performance. The company, formerly known as Globalwise Investments Inc., is based in Columbus, Ohio, and operates in the prepackaged software industry. Key financial details and operational segments are outlined in this filing.

Why It Matters

This filing provides investors and stakeholders with an update on Intellinetics, Inc.'s financial health and operational status for the second quarter of 2024, crucial for investment decisions.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the specific financial performance and future outlook within the report could indicate underlying risks.

Key Numbers

• 20240630 — Reporting Period End Date (Indicates the end of the fiscal quarter for which the report is filed.)
• 20240813 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
• 001-41495 — SEC File Number (Unique identifier for the company's filings with the SEC.)

Key Players & Entities

• INTELLINETICS, INC. (company) — Filer
• GLOBALWISE INVESTMENTS INC (company) — Former Company Name
• 2190 DIVIDEND DRIVE (location) — Business and Mail Address
• COLUMBUS (location) — City
• OH (location) — State
• NV (location) — State of Incorporation

FAQ

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) — 988KB
• ex31-1.htm (EX-31.1) — 17KB
• ex31-2.htm (EX-31.2) — 17KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 7KB
• 0001493152-24-031586.txt ( ) — 5656KB
• inlx-20240630.xsd (EX-101.SCH) — 39KB
• inlx-20240630_cal.xml (EX-101.CAL) — 59KB
• inlx-20240630_def.xml (EX-101.DEF) — 178KB
• inlx-20240630_lab.xml (EX-101.LAB) — 370KB
• inlx-20240630_pre.xml (EX-101.PRE) — 304KB
• form10-q_htm.xml (XML) — 909KB

Financial Statements

Financial Statements. 4 Condensed Consolidated Balance Sheets as of June 30, 2024 (Unaudited) and December 31, 2023 4 Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2024 and 2023 (Unaudited) 5 Condensed Consolidated Statement of Stockholders' Equity for the three and six months ended June 30, 2024 and 2023 (Unaudited) 6 Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 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. 22 ITEM 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 30 ITEM 4.

Controls and Procedures

Controls and Procedures. 30 PART II OTHER INFORMATION 31 ITEM 1. Legal Proceedings. 31 ITEM 1A. Risk Factors. 31 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds. 31 ITEM 3. Defaults Upon Senior Securities. 31 ITEM 4. Mine Safety Disclosures. 31 ITEM 5. Other Information. 31 ITEM 6. Exhibits. 31

SIGNATURES

SIGNATURES 32 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