Intellinetics Inc (AMEX:INLX)
$ 12.8426 -0.3274 (-2.49%) Market Cap: 54.34 Mil Enterprise Value: 57.02 Mil PE Ratio: 0 PB Ratio: 5.20 GF Score: 49/100
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Q3 2024 Intellinetics Inc Earnings Call Transcript

Nov 13, 2024 / 09:30 PM GMT
Release Date Price: $14.85 (+2.91%)

Key Points

Positve
  • Intellinetics Inc (INLX) reported an 8% increase in total revenue for Q3 2024, reaching $4.6 million compared to $4.2 million in the same period last year.
  • The company's payables automation solution, IPASS, is gaining strong customer acceptance and is expected to drive future business growth.
  • Professional services revenue increased by 11.5% to $2.6 million, representing 56.7% of total revenue, up from 54.9% last year.
  • Intellinetics Inc (INLX) has successfully reduced its long-term debt by $3.6 million since December 2022, primarily through prepayments.
  • The company is actively investing in scaling its business, including hiring additional sales reps and expanding marketing efforts, which is expected to bring significant revenue opportunities in 2025.
Negative
  • Consolidated gross margin slightly decreased by 20 basis points to 61.1% for Q3 2024, compared to 61.3% last year.
  • Operating expenses increased by 37.3% to $3.1 million, driven by share-based compensation, sales and marketing investments, and higher general and administrative expenses.
  • Net loss for Q3 2024 was $393,000, compared to a net income of $209,000 in the same period last year.
  • Adjusted EBITDA for the quarter decreased to $479,000 from $709,000 in the same period in 2023.
  • The company's increased investments in sales and marketing are expected to temporarily reduce EBITDA, with a positive impact anticipated in the future.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

INLX.A - Intellinetics Inc
Q3 2024 Intellinetics Inc Earnings Call
Nov 13, 2024 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to Intelenet third quarter, 2024 financial results conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Joe Spain. Thank you, Joe. You may begin.

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Unidentified_2 [2]
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Thank you and good afternoon everyone. I am filling in for Ir today. So I am pleased to welcome you to the
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