Quarterly ResultMay 14, 2026, 04:07 PM
Intellinetics Q1 Revenue $3.9M, Net Loss $1.2M
AI Summary
Intellinetics, Inc. reported its financial results for the first quarter ended March 31, 2026. The company experienced an 8.0% year-over-year decrease in total revenue to $3.9 million, primarily due to a decline in professional services revenue. Intellinetics posted a net loss of $1.2 million, or ($0.27) per share, which included approximately $430,000 in non-recurring CEO transition costs. Despite the current quarter's performance, new President & CEO Alison Forsythe expressed confidence in achieving double-digit year-over-year SaaS growth for fiscal 2026.
Key Highlights
- Total revenue decreased 8.0% year over year to $3.9 million.
- Net loss was $1.2 million, or ($0.27) per basic and diluted share.
- SaaS revenue increased 0.1% year over year to $1.5 million.
- Professional services revenue decreased 14.3% year over year.
- Adjusted EBITDA loss was $287,650, compared to a $76,589 profit in Q1 2025.
- Operating expenses included $430,130 in non-recurring CEO transition costs.
- Cash at quarter end was approximately $2.1 million.
- Management expects double-digit year-over-year SaaS growth for fiscal 2026.