New Risk • Jun 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 56% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (US$24.1m market cap). Reported Earnings • May 17
First quarter 2026 earnings released: US$0.27 loss per share (vs US$0.17 loss in 1Q 2025) First quarter 2026 results: US$0.27 loss per share (further deteriorated from US$0.17 loss in 1Q 2025). Revenue: US$3.91m (down 8.0% from 1Q 2025). Net loss: US$1.18m (loss widened 62% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 133 percentage points per year, which is a significant difference in performance. Announcement • May 08
Intellinetics, Inc. to Report Q1, 2026 Results on May 14, 2026 Intellinetics, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 14, 2026 Announcement • May 05
Intellinetics, Inc., Annual General Meeting, Jun 25, 2026 Intellinetics, Inc., Annual General Meeting, Jun 25, 2026. Location: 2190 dividend drive, ohio 43228, columbus United States Board Change • Apr 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. President, CEO & Director Alison Forsythe was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 31
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: US$0.43 loss per share (further deteriorated from US$0.13 loss in FY 2024). Revenue: US$16.6m (down 8.0% from FY 2024). Net loss: US$1.87m (loss widened 243% from FY 2024). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 134 percentage points per year, which is a significant difference in performance. Announcement • Mar 24
Intellinetics, Inc. to Report Q4, 2025 Results on Mar 30, 2026 Intellinetics, Inc. announced that they will report Q4, 2025 results After-Market on Mar 30, 2026 Announcement • Jan 13
Intellinetics, Inc. Expands Offering in K-12 Market Intellinetics, Inc. announced a successful launch of a solution which expands its footprint in the K-12 Education vertical market. Powered by AI, the Intelligent Data Processing solution virtually eliminates all paper and manual steps in the scanning, capture, indexing, and filing of a school district's AP Invoices and automates the approval process while improving transparency and audit capabilities. Administrative staff realize an immediate time savings following the extremely short implementation period, usually just a couple of weeks. The solution is an advanced capture tool that leverages the intellectual property of out Intellinetics' content management and payments automation solutions, without the complexity of the general ledger coding, and is fully agnostic to any end point GL or ERP system. Following effective new marketing and messaging, and leveraging strong partner channel relationships and customer testimonials, the pre-launch marketing campaign culminated in a webinar in October conducted in partnership with Software Unlimited Inc. (SUI), a major software developer of fund accounting solutions tailored to meet the state specific reporting requirements for K-12 schools. The webinar was attended by 67 different school districts and drove sales of 24 orders in the weeks that followed, adding numerous opportunities to the pipeline. Reported Earnings • Nov 14
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: US$0.084 loss per share (improved from US$0.093 loss in 3Q 2024). Revenue: US$4.00m (down 13% from 3Q 2024). Net loss: US$369.8k (loss narrowed 5.9% from 3Q 2024). Revenue missed analyst estimates by 7.3%. Earnings per share (EPS) exceeded analyst estimates by 20%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 132 percentage points per year, which is a significant difference in performance. Announcement • Nov 06
Intellinetics, Inc. to Report Q3, 2025 Results on Nov 12, 2025 Intellinetics, Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 12, 2025 Recent Insider Transactions • Oct 10
Independent Chairman recently sold US$393k worth of stock On the 7th of October, Michael Taglich sold around 36k shares on-market at roughly US$11.00 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Price Target Changed • Aug 19
Price target decreased by 12% to US$14.50 Down from US$16.50, the current price target is provided by 1 analyst. New target price is 60% above last closing price of US$9.05. Stock is down 0.4% over the past year. The company is forecast to post a net loss per share of US$0.50 next year compared to a net loss per share of US$0.13 last year. Reported Earnings • Aug 14
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: US$0.13 loss per share (down from US$0.018 profit in 2Q 2024). Revenue: US$4.01m (down 14% from 2Q 2024). Net loss: US$567.6k (down US$642.6k from profit in 2Q 2024). Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) exceeded analyst estimates by 19%. Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Announcement • Aug 14
Intellinetics, Inc. Revises Its Earnings Guidance for the Fiscal Year 2025 Intellinetics, Inc. revised its earnings guidance for the fiscal year 2025. For the year company expects that 2025 revenues will be less than 2024 revenues, driven by weakness in professional services in the first half of the year. Announcement • Aug 07
Intellinetics, Inc. to Report Q2, 2025 Results on Aug 13, 2025 Intellinetics, Inc. announced that they will report Q2, 2025 results After-Market on Aug 13, 2025 Board Change • Jul 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Russell Bernier was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions Derivative • Jun 26
President exercised options and sold US$83k worth of stock On the 23rd of June, James DeSocio exercised 25.00k options at around US$4.00, then sold 9k of the shares acquired at an average of US$12.88 per share and kept the remainder. For the year to December 2018, James' total compensation was 51% salary and 49% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, James' direct individual holding has decreased from 61.02k shares to 58.06k. Company insiders have collectively bought US$75k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Jun 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 8.3% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$2.1m net loss next year). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (US$54.0m market cap). Major Estimate Revision • Jun 11
Consensus EPS estimates fall by 39% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$19.0m to US$18.1m. Losses expected to increase from US$0.38 per share to US$0.53. Software industry in the US expected to see average net income growth of 21% next year. Consensus price target down from US$17.50 to US$16.50. Share price rose 2.5% to US$12.30 over the past week. New Risk • Jun 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 8.3% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$2.1m net loss next year). Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (US$58.5m market cap). New Risk • Jun 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$1.4m net loss next year). Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (US$61.5m market cap). Announcement • May 29
Intellinetics, Inc. has filed a Follow-on Equity Offering in the amount of $10 million. Intellinetics, Inc. has filed a Follow-on Equity Offering in the amount of $10 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Reported Earnings • May 15
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: US$0.17 loss per share (further deteriorated from US$0.042 loss in 1Q 2024). Revenue: US$4.25m (down 5.8% from 1Q 2024). Net loss: US$727.6k (loss widened 316% from 1Q 2024). Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 89%. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. Announcement • May 14
Intellinetics, Inc. Provides Earnings Guidance for the Year 2025 Intellinetics, Inc. provided earnings guidance for the year 2025. For the year, company expected that it will grow revenues on a year-over-year basis . Announcement • May 07
Intellinetics, Inc. to Report Q1, 2025 Results on May 13, 2025 Intellinetics, Inc. announced that they will report Q1, 2025 results After-Market on May 13, 2025 Announcement • May 01
Intellinetics, Inc., Annual General Meeting, Jun 18, 2025 Intellinetics, Inc., Annual General Meeting, Jun 18, 2025. Location: 2190 dividend drive, columbus, ohio 43228, United States Major Estimate Revision • Apr 02
Consensus EPS estimates fall by 217% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.12 to -US$0.38 per share. Revenue forecast unchanged at US$19.0m. Software industry in the US expected to see average net income growth of 19% next year. Consensus price target down from US$19.00 to US$17.50. Share price rose 17% to US$14.28 over the past week. New Risk • Apr 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 18% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$908k net loss in 2 years). Market cap is less than US$100m (US$52.9m market cap). Reported Earnings • Mar 25
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: US$0.13 loss per share (down from US$0.13 profit in FY 2023). Revenue: US$18.0m (up 6.7% from FY 2023). Net loss: US$546.2k (down 205% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 32%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Announcement • Mar 25
Intellinetics, Inc. Provides Revenue Guidance for the Year 2025 Intellinetics, Inc. announced that based on management's current plans and assumptions, the Company expects that it will grow revenues on a year-over-year basis for the fiscal year 2025. Announcement • Mar 18
Intellinetics, Inc. to Report Q4, 2024 Results on Mar 24, 2025 Intellinetics, Inc. announced that they will report Q4, 2024 results After-Market on Mar 24, 2025 Announcement • Feb 25
Intellinetics, Inc. to Showcase Latest Version of Payables Automation Solution at NAHB International Builders' Show Intellinetics, Inc. announced it will be sharing the latest innovations of its IntelliCloud™ Payables Automation Solution (IPAS) at the 2025 International Builders’ Show (IBS), the larger annual light construction show sponsored by the National Association of Home Builders. The show takes place from February 25 to 27, 2025 at the Las Vegas Convention Center. The company will be joining technology experts from Constellation HomeBuilder Systems in their booth W3755 to demonstrate the future of AP management for the modern homebuilder. Visitors will see the latest updates on automated PO matching with KPI dashboards and discover how to harness AI-powered technology to revolutionize utility bill coding and processing. On February 18, 2025, Constellation HomeBuilder Systems announced the availability of NX™, their new ERP platform for residential homebuilders and land developers. Key company representatives will be on hand to discuss how IPAS investment and change management efforts will be preserved and rolled forward into NX. Board Change • Feb 24
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. President, CEO & Director Jim DeSocio is the most experienced director on the board, commencing their role in 2017. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 22
Intellinetics, Inc. Announces Resignation of Roger “Ari” Kahn as Board of Directors On February 18, 2025, Roger “Ari” Kahn notified Intellinetics, Inc. of his resignation from the board of directors of the Company, with immediate effect. Mr. Kahn serves as a member of the Audit Committee and Chair of the Nominating and Corporate Governance Committee of the Board. Mr. Kahn’s resignation is due to the demands of his primary occupation, and not as a result of any disagreement with the Company. Recent Insider Transactions • Dec 10
Independent Director recently bought US$51k worth of stock On the 5th of December, John Guttilla bought around 4k shares on-market at roughly US$14.50 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$125k more in shares than they have sold in the last 12 months. Major Estimate Revision • Dec 04
Consensus EPS estimates fall by 171% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.07 to -US$0.19 per share. Revenue forecast unchanged at US$17.9m. Software industry in the US expected to see average net income growth of 18% next year. Consensus price target up from US$11.85 to US$19.00. Share price fell 5.5% to US$14.51 over the past week. New Risk • Dec 03
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$431k Forecast net loss in 1 year: US$586k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$586k net loss next year). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Market cap is less than US$100m (US$61.5m market cap). Reported Earnings • Nov 15
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: US$0.093 loss per share (down from US$0.051 profit in 3Q 2023). Revenue: US$4.59m (up 8.0% from 3Q 2023). Net loss: US$392.9k (down 288% from profit in 3Q 2023). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 7.3% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Announcement • Nov 14
Intellinetics, Inc. Reiterates Earnings Guidance for the Fiscal Year 2024 Intellinetics, Inc. reiterated earnings guidance for the fiscal year 2024. Based on management's current plans and assumptions, Intellinetics reiterated expectations that it will grow revenues on a year-over-year basis for the fiscal year 2024, and reiterated its guidance provided last quarter that it expects its investments in sales and marketing will cause Adjusted EBITDA to decline compared to 2023 levels. Announcement • Nov 07
Intellinetics, Inc. to Report Q3, 2024 Results on Nov 13, 2024 Intellinetics, Inc. announced that they will report Q3, 2024 results During-Market on Nov 13, 2024 Announcement • Oct 17
Intellinetics Expands Payables Automation Solutions Practice into K-12 Market Following Successful Pilot Program Intellinetics, Inc. announced the expansion of its IntelliCloud Payable Automation Solution (IPAS) into the K-12 market in partnership with Software Unlimited, Inc. (SUI), a major software developer and publisher of solutions for the K-12 market. The expansion follows the successful completion of a pilot program with Clear Creek Amana Community School District (CCACSD). Intellinetics IPAS for K-12 virtually eliminates all paper and manual steps in the scanning, capture, indexing, and filing of a school district’s AP Invoices and automates the approval process while improving transparency and audit capabilities. The IntelliCloud Capture as a Service (CaaS) feature processes invoices sent to email inboxes and uses AI to determine invoice type, analyze and extract key fields on the document, and files the invoice automatically and securely into IntelliCloud, Intellinetics’ flagship electronic document management platform, branded as K12Docs for SUI customers, for fingertip viewing. Once invoices have been categorized according to the school district’s criteria, they are automatically routed to the respective departments for approval. Each department is instantly notified that invoices have arrived and are ready to be coded and approved. Major Estimate Revision • Aug 21
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$18.5m to US$18.1m. Now expected to report a loss of US$0.07 per share instead of US$0.08 per share profit previously forecast. Software industry in the US expected to see average net income growth of 16% next year. Consensus price target of US$11.85 unchanged from last update. Share price rose 9.8% to US$9.30 over the past week. New Risk • Aug 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Market cap is less than US$100m (US$37.1m market cap). New Risk • Aug 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.0% Last year net profit margin: 4.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (US$37.6m market cap). Announcement • Aug 07
Intellinetics, Inc. to Report Q2, 2024 Results on Aug 13, 2024 Intellinetics, Inc. announced that they will report Q2, 2024 results After-Market on Aug 13, 2024 Announcement • Jun 13
Intellinetics, Inc. Announces Board Changes Intellinetics, Inc. notified that William Cooke will retire and not stand for reelection as a director of the Company at the 2024 Annual Stockholder Meeting. His term as a director will expire on the date of the Company’s 2024 Annual Stockholder Meeting, scheduled for June 20, 2024. His resignation as a director was not due to a disagreement with the Company. The Company thanks Mr. Cooke for his service since 2021 as a director and Chairman of the Board. The Board has appointed Michael Taglich as an interim Chairman. Recent Insider Transactions • Jun 02
Independent Director recently bought US$66k worth of stock On the 29th of May, John Guttilla bought around 10k shares on-market at roughly US$6.60 per share. This transaction increased John's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$69k more in shares than they have sold in the last 12 months. Major Estimate Revision • May 23
Consensus EPS estimates fall by 53% The consensus outlook for fiscal year 2024 has been updated. 2024 consensus EPS estimate fell from US$0.17 to US$0.08. Revenue forecast reaffirmed at US$18.5m. Net income forecast to grow 117% next year vs 23% growth forecast for Software industry in the US. Consensus price target of US$11.85 unchanged from last update. Share price fell 16% to US$6.91 over the past week. Reported Earnings • May 16
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: US$0.042 loss per share (down from US$0.028 profit in 1Q 2023). Revenue: US$4.51m (up 7.6% from 1Q 2023). Net loss: US$174.7k (down 255% from profit in 1Q 2023). Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Announcement • May 16
Intellinetics, Inc. Reiterates Revenue Guidance for the Year 2024 Intellinetics, Inc. announced that based on management's current plans and assumptions, the Company reiterated expectations that it will grow revenues on a year-over-year basis for the fiscal year 2024. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$8.25, the stock trades at a forward P/E ratio of 49x. Average trailing P/E is 45x in the Software industry in the US. Total returns to shareholders of 101% over the past three years. Announcement • May 09
Intellinetics, Inc. to Report Q1, 2024 Results on May 14, 2024 Intellinetics, Inc. announced that they will report Q1, 2024 results After-Market on May 14, 2024 New Risk • May 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Market cap is less than US$100m (US$29.6m market cap). Announcement • May 01
Intellinetics, Inc., Annual General Meeting, Jun 20, 2024 Intellinetics, Inc., Annual General Meeting, Jun 20, 2024, at 15:00 US Eastern Standard Time. Location: 2190 Dividend Drive, Columbus, Ohio 43228 Columbus United States Agenda: To elect seven directors, each to hold office for a term of one year and until his or her successor is duly elected and qualified; To adopt and approve the Intellinetics, Inc. 2024 Equity Incentive Plan (the “2024 Plan”); To ratify the appointment of GBQ Partners LLC (“GBQ”) as an independent registered public accounting firm for the fiscal year ending December 31, 2024; and To transact such other business as may properly come before the Annual Meeting or any adjournments or postponements of the Annual Meeting. Major Estimate Revision • Apr 04
Consensus EPS estimates fall by 43% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$18.9m to US$18.5m. EPS estimate also fell from US$0.30 per share to US$0.17 per share. Net income forecast to grow 51% next year vs 21% growth forecast for Software industry in the US. Consensus price target up from US$8.75 to US$11.85. Share price fell 31% to US$6.10 over the past week. New Risk • Apr 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risk Market cap is less than US$100m (US$25.1m market cap). Reported Earnings • Apr 01
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: US$0.13 (up from US$0.006 in FY 2022). Revenue: US$16.9m (up 21% from FY 2022). Net income: US$519.3k (up US$495.2k from FY 2022). Profit margin: 3.1% (up from 0.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 27%. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Announcement • Mar 29
Intellinetics, Inc. Reiterates Revenue Guidance for the Fiscal Year 2024 Intellinetics, Inc. reiterated revenue guidance for the fiscal year 2024. Based on management's current plans and assumptions, the company reiterated expectations that it will grow revenues on a year-over-year basis for the fiscal year 2024. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to US$7.64, the stock trades at a forward P/E ratio of 29x. Average trailing P/E is 45x in the Software industry in the US. Total returns to shareholders of 84% over the past three years. Announcement • Mar 22
Intellinetics, Inc. to Report Q4, 2023 Results on Mar 28, 2024 Intellinetics, Inc. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Mar 28, 2024 Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$7.93, the stock trades at a forward P/E ratio of 30x. Average trailing P/E is 47x in the Software industry in the US. Total returns to shareholders of 91% over the past three years. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$7.30, the stock trades at a forward P/E ratio of 28x. Average trailing P/E is 43x in the Software industry in the US. Total returns to shareholders of 46% over the past three years. New Risk • Feb 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$28.5m market cap). Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$6.20, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 52x in the Software industry in the US. Total returns to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$6.24, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 51x in the Software industry in the US. Total returns to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to US$5.07, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 50x in the Software industry in the US. Total returns to shareholders of 31% over the past three years. Major Estimate Revision • Nov 23
Consensus EPS estimates increase by 15% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from US$0.13 to US$0.15. Revenue forecast steady at US$16.8m. Net income forecast to grow 77% next year vs 16% growth forecast for Software industry in the US. Consensus price target up from US$8.00 to US$8.75. Share price rose 3.8% to US$4.11 over the past week. New Risk • Nov 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 31% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (US$16.1m market cap). Announcement • Nov 08
Intellinetics, Inc. to Report Q3, 2023 Results on Nov 14, 2023 Intellinetics, Inc. announced that they will report Q3, 2023 results After-Market on Nov 14, 2023 Board Change • Nov 07
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director John Guttilla was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Nov 03
Intellinetics Names Michael N. Taglich to Board of Directors Intellinetics, Inc. announced that the Board of Directors has named Michael N. Taglich, an Intellinetics shareholder, to the Intellinetics Board as a Director. Mr. Taglich is an accomplished investor with more than two decades of experience serving on the Boards of small-cap companies, both public and private. He is the President of Taglich Brothers, Inc., a NY based broker dealer. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$4.75, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 43x in the Software industry in the US. Total returns to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$3.34, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 43x in the Software industry in the US. Total returns to shareholders of 13% over the past three years. Reported Earnings • Aug 16
Second quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2023 results: EPS: US$0.033 (up from US$0.092 loss in 2Q 2022). Revenue: US$4.26m (up 25% from 2Q 2022). Net income: US$135.7k (up US$509.9k from 2Q 2022). Profit margin: 3.2% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Aug 08
Intellinetics, Inc. to Report Q2, 2023 Results on Aug 14, 2023 Intellinetics, Inc. announced that they will report Q2, 2023 results After-Market on Aug 14, 2023 Price Target Changed • May 25
Price target decreased by 11% to US$8.00 Down from US$9.00, the current price target is provided by 1 analyst. New target price is 110% above last closing price of US$3.80. Stock is down 24% over the past year. The company is forecast to post earnings per share of US$0.13 for next year compared to US$0.0064 last year. Reported Earnings • May 17
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: US$0.028 (up from US$0.007 loss in 1Q 2022). Revenue: US$4.19m (up 55% from 1Q 2022). Net income: US$112.6k (up US$132.7k from 1Q 2022). Profit margin: 2.7% (up from net loss in 1Q 2022). Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 132% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • May 09
Intellinetics, Inc. to Report Q1, 2023 Results on May 15, 2023 Intellinetics, Inc. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on May 15, 2023 Announcement • May 06
Intellinetics, Inc. Announces Board Changes Intellinetics, Inc. notified that Matthew L. Chretien will not stand for reelection as a director of the Company at the 2023 Annual Stockholder Meeting. His term as a director will expire on the date of the Company’s 2023 Annual Stockholder Meeting, scheduled for June 22, 2023. His resignation as a director was not due to a disagreement with the Company. Mr. Chretien will continue his employment with the Company as Chief Strategy Officer and Secretary, and the Company thanks Mr. Chretien for his service as director. On April 29, 2023, the Company was notified that Rye D’Orazio will not stand for reelection as a director of the Company at the 2023 Annual Stockholder Meeting. His term as a director will expire on the date of the Company’s 2023 Annual Stockholder Meeting, scheduled for June 22, 2023. His resignation as a director was not due to a disagreement with the Company. The Company thanks Mr. D’Orazio for his service since 2006 as a director of the Company and its predecessor corporation, Intellinetics, Inc. of Ohio. Price Target Changed • Mar 30
Price target increased by 16% to US$9.00 Up from US$7.75, the current price target is provided by 1 analyst. New target price is 124% above last closing price of US$4.02. Stock is down 22% over the past year. The company is forecast to post earnings per share of US$0.13 for next year compared to US$0.0064 last year. Reported Earnings • Mar 28
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: US$0.006 (down from US$0.48 in FY 2021). Revenue: US$14.0m (up 22% from FY 2021). Net income: US$24.0k (down 98% from FY 2021). Profit margin: 0.2% (down from 12% in FY 2021). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 134% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jan 22
Intellinetics, Inc. Announces Resignation of Sophie Pibouin from the Board of Directors On January 16, 2023, Sophie Pibouin notified Intellinetics, Inc., a Nevada corporation (the “Company”), of her resignation from the board of directors of the Company (the “Board”) with an effective date as yet to be determined. Ms. Pibouin also serves as a member of the Compensation Committee and Nominating and Corporate Governance Committee of the Board. Ms. Pibouin’s resignation is due to her acceptance of a new full-time position, and not as a result of any disagreement with the Company. Buying Opportunity • Jan 03
Now 20% undervalued Over the last 90 days, the stock is up 7.2%. The fair value is estimated to be US$5.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Earnings per share has grown by 127%. Buying Opportunity • Dec 16
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be US$5.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Earnings per share has grown by 127%. Announcement • Dec 06
Intellinetics, Inc. Announces New Release of YellowFolder Intellinetics, Inc. announced the latest version of its K-12 purpose-built YellowFolder records management product with new and enhanced features for user experience, document scanning, and collaboration to further increase the productivity and ROI for existing customers and accelerate the acquisition of new K-12 school districts making the move from paper to digital and beyond. Some of the highlights of YellowFolder: New Scan & Upload Tools: New user interface with a simple process to associate a person or persons to scanned documents with scanning now supported on Mac and PC using TWAIN compatible local scanners. Enhanced YellowFolder Upload Dashboard: Shows Uploads in Process, Information Required, Verification Required and Uploads in Complete status expandable showing batches with documents using local system file names. Improved Collaboration: The viewing, sharing, and downloading of an entire Student’s Records can be done in just a few mouse clicks. Announcement • Nov 17
Intellinetics, Inc. Appoints John Guttilla to Board of Directors Intellinetics, Inc. announced that the shareholders have elected John Guttilla, a proven audit, tax accounting, and financial professional to its Board of Directors as an Independent Director. Mr. Guttilla is an additional director, bringing the total directors to seven, and will chair the audit committee. Mr. Guttilla, 66, is a financial services partner in Marcum LLP’s Saddle Brook, NJ, office. He has more than 35 years of experience in both tax consulting and auditing for both public and private companies, with specific experience in industries such as brokerage, private equity, forex trading, manufacturing, printing, hospitality, consumer products, real estate, and professional services. He has served as an Audit Committee Chairman for several Public Companies, since 2005. He joined Marcum in 2022 after a merger with RotenbergMeril, where he served as a member of the firm’s management committee since 1988. Mr. Guttilla is a CPA, and is licensed in New York and New Jersey. He also is a member of the New York State Society Stock Brokerages. He has passed the NASD Series 27 examination for financial and operations principals, and he was awarded the AICPA Certificate of Educational Achievement in Business Valuation. Reported Earnings • Nov 16
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: US$0.053 (down from US$0.10 in 3Q 2021). Revenue: US$3.86m (up 22% from 3Q 2021). Net income: US$217.5k (down 27% from 3Q 2021). Profit margin: 5.6% (down from 9.3% in 3Q 2021). Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Nov 02
Intellinetics, Inc. to Report Q3, 2022 Results on Nov 14, 2022 Intellinetics, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 14, 2022 Announcement • Nov 01
Intellinetics, Inc. Launches New Accounts Payable Automation Solution at Constellation Homebuilder Systems’ Build Smarter 2022 Conference Intellinetics, Inc. announced its new product launch as a Presenter and Platinum sponsor at the Build Smarter 2022 Conference in Chicago from November 7-9, 2022. Intellinetics will showcase its IntelliCloud™ Payables Automation System (IPAS) that automates the entire invoice-to-pay-to-reconciliation AP process. Intellinetics collaborated with Constellation HomeBuilder Systems to create a seamless AP automation module that is completely integrated with Constellation’s NEWSTAR Enterprise ERP software for land developers and home builders. IPAS utilizes patented artificial intelligence and machine learning technologies to eliminate the costly manual steps in GL-coding, workflows and approvals, data entry, and filing. 
