AI Earnings Predictions for Intellinetics Inc. (INLX)

EX-99.1

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EX-99.1

Exhibit 99.1

Intellinetics Reports First Quarter Financial Results

COLUMBUS,

OH – May 14, 2026 – Intellinetics, Inc. (NYSE American: INLX), a digital transformation solutions provider, announced

financial results for the three months ended March 31, 2026, the first quarter of 2026.

2026 First Quarter Financial Highlights

●Software as a Service (SaaS) revenue increased 0.1% year over year to $1.5 million.

●Professional services revenue decreased 14.3% year over year.

●Total revenue decreased 8.0% year over year to $3.9 million, driven by the decline in professional services revenue.

●Gross profit decreased 12.2% year over year, with gross profit margin decreasing 307 basis points due to decreased professional services margins, driven by project mix.

●Net loss of $1.2 million, or ($0.27) per basic and fully diluted share, compared to net loss of $0.7 million, or ($0.17) per basic and fully diluted share, for the same period in 2025.

○Operating expenses in Q1 2026 include approximately $430,000 in non-recurring CEO transition costs.

●Adjusted EBITDA loss of $287,650, compared to $76,589 Adjusted EBITDA profit from the same period in 2025.

●Cash at quarter end was approximately $2.1 million.

Alison Forsythe, President & CEO of Intellinetics, stated: “I am now 90 days into the role as CEO of Intellinetics and I feel even more confident in our ability to grow our SaaS business. Our products offer great value to the user, are highly sticky within customer workflows, and address attractive market opportunities. Based on what I have seen in my first 90 days, I believe we can deliver double digit year over year SaaS growth in 2026 over 2025.”

“Having joined Intellinetics in mid-February, my initial focus has been on evaluating the business, meeting with employees, customers, and partners, and assessing our operational and go-to-market priorities. While first quarter results reflect variability in professional services revenue and margins, my early assessment confirms the conclusions reached during the extensive diligence process completed before I accepted this role: Intellinetics has a differentiated technology platform, long-standing customer relationships, and significant opportunities to expand our SaaS and software business in targeted vertical markets.”

“In my first several weeks with the Company, it has become increasingly clear that there are significant opportunities to improve execution, operational consistency, predictability, and overall go-to-market effectiveness across the organization. We are moving quickly to strengthen alignment, improve operating discipline, and better position the business for scalable long-term growth.”

“Our software platform and recurring revenue business remain the core of our long-term strategy. Looking ahead, our focus is centered on accelerating SaaS growth, improving execution consistency and predictability, and aligning investments and resources around our highest-priority growth opportunities.”

Summary – 2026 First Quarter Results

Revenues for the three months ended March 31, 2026 were $3,909,182, a decrease of 8.0%, as compared with $4,247,345 for the same period in 2025. This decrease was primarily due to a 14.3% decline in professional services revenue.

Total operating expenses increased 4.4% to $3,664,611, compared to $3,511,759 for the same period in 2025, driven by increases in general and administrative expense of 9.1%, due to non-recurring expenses in Q1 related to our CEO transition, totaling $430,130, including severance costs and share-based compensation for our retiring CEO, overlapping compensation expenses for our prior and current CEO in the quarter, and recruiting costs for our new CEO, partially offset by reduced share-based compensation expense for other employees. Loss from operations was $1,182,552 compared to loss from operations of $684,559 in the first quarter last year, primarily due to the lower professional services revenues and non-recurring CEO transition costs.

Intellinetics reported net loss of $1,177,853 compared to net loss of $727,565 for the same period in 2025. Basic and diluted net loss per share for the three months ended March 31, 2026 was $0.27, compared to $0.17 net loss per basic and diluted share for the first quarter 2025. Adjusted EBITDA loss was $287,650 compared to Adjusted EBITDA profit of $76,589 in 2025.

For the quarters ended March 31,

2026 2025

Revenues:

Software as a service $1,543,847 $1,542,169

Software maintenance services 296,393 335,191

Professional services 1,850,163 2,158,315

Storage and retrieval services 218,779 211,670

Total revenues 3,909,182 4,247,345

2026 Outlook

Management remains focused on accelerating SaaS growth and currently expects double-digit year-over-year SaaS growth for fiscal 2026.

Conference Call

Intellinetics is holding a conference call to discuss these results on a live webcast at 4:30 p.m. ET today. Interested parties can access th

EX-99.1

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EX-99.1

Exhibit 99.1

Intellinetics Reports Fourth Quarter and Full Year 2025 Financial Results

COLUMBUS,

OH – March 30, 2026 – Intellinetics, Inc. (NYSE American: INLX), a digital transformation solutions provider, announced

financial results for the three and 12 months ended December 31, 2025.

2025 Fourth Quarter Financial Highlights

●Software as a Service (SaaS) revenue increased 8.4% year over year to $1.6 million.

●Professional services revenue decreased 1.8% year over year.

●Total revenue increased 1.0% year over year to $4.3 million, as SaaS growth more than offset a modest decline in professional services revenue.

●Gross profit increased 3.9% year over year, with gross profit margin increasing 184 basis points due to a favorable revenue mix.

●Net loss of $207,975, or ($0.05) per basic and fully diluted share, compared to net loss of $53,701, or ($0.01) per basic and fully diluted share, for the same period in 2024.

●Adjusted EBITDA of $260,749, compared to $531,241 from the same period in 2024.

●Cash at quarter end was approximately $2.5 million.

2025 Full-Year Financial Highlights

●SaaS revenue increased 11.3% year over year to $6.3 million.

●Professional services revenue decreased 18.7% year over year.

●Total revenue was $16.6 million, reflecting lower professional services activity.

●Gross profit decreased 3.7% year over year, a function of volume, and gross profit margin increased 295 basis points due to a favorable revenue mix.

●Net loss of $1,872,895, or ($0.44) per basic and fully diluted share, compared to net loss of $546,215, or ($0.13) per basic and fully diluted share, for the same period in 2024.

●Adjusted EBITDA was $469,694, compared to $2,382,357 in the prior year.

Fiscal year 2025 reflected continued progress in Intellinetics’ software-led business, with SaaS revenue continuing to grow and representing an increasing share of overall revenue. Total revenue declined compared to 2024, driven primarily by variability in professional services activity. During the year, the Company also strengthened its document management business, including securing a significant contractual win with its largest customer.

The Company continued to build its foundation for long-term growth by expanding its SaaS footprint, investing in go-to-market capabilities, and refining its focus on vertical markets where demand for secure document and workflow automation solutions remains strong.

Management believes these efforts position Intellinetics to improve revenue predictability, expand margins over time, and accelerate sustainable growth.

Alison Forsythe, President & CEO of Intellinetics, stated: “In 2025, under the leadership of my predecessor, Intellinetics continued to grow SaaS revenue while also strengthening our document management business, including a critical contractual win with our largest customer.

“I did my homework before accepting the role as CEO, and after spending my first weeks closely evaluating the business, it is even clearer that we have strong foundational assets—an established SaaS customer base, differentiated technology, and attractive vertical market opportunities. At the same time, there is a clear opportunity to improve execution, sharpen our go-to-market approach, and operate with greater discipline across both our software and document management businesses.

“Our software platform is the core of our business and the primary driver of our long-term growth. Looking ahead to 2026, our focus is on accelerating SaaS revenue and increasing recurring software revenue. We are aligning our organization, investments, and operating priorities around that objective while bringing greater consistency to our document management business. Together, these efforts position Intellinetics for more consistent performance and long-term value creation.”

Summary – 2025 Fourth Quarter Results

Revenues for the three months ended December 31, 2025 were $4,323,843, an increase of 1.0%, as compared with $4,280,071 for the same period in 2024. This increase was primarily due to an 8.4% increase in SaaS revenue, partially offset by a 1.8% decrease in professional services fees.

Total operating expenses increased 11.2% to $3,096,090, compared to $2,784,991 for the same period in 2024, driven by increases in sales and marketing expense of 14.4% and general and administrative expense of 11.2%. Loss from operations was $216,308 compared to loss from operations of 12,920 in the fourth quarter last year, primarily due to the sales and marketing increase and other security and infrastructure investments.

Intellinetics reported net loss of $207,975 compared to net loss of $53,701 for the same period in 2024. Basic and diluted net loss per share for the three months ended December 31, 2025 was $0.05, compared to $0.01 net loss per basic and diluted share for the period ended December 31, 2024. Adjusted EBITDA was $260,749 compared to $531,241 in 2024.

For the quarters

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 12, 2025

INTELLINETICS,

INC.

(Exact name of Registrant as specified in its charter)

Nevada

001-41495

87-0613716

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S

Employer

Identification No.)

2190 Dividend Dr., Columbus, Ohio

43228

(Address of principal executive offices)

(Zip code)

Registrant’s telephone number, including area code: (614) 388-8908

Intellinetics, Inc.

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.001 par value

INLX

NYSE

American

Securities registered pursuant to Section 12(g) of the Act: Common Stock, $0.001 par value

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On November 12, 2025, the Company issued a press release announcing its financial results for the fiscal quarter ended September 30, 2025. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

The information reported under this Item 2.02 of Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.

Name of Exhibit

99.1

Press release issued by Intellinetics, Inc., on November 12, 2025.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

INTELLINETICS,

INC.

By: /s/ James F. DeSocio

James F. DeSocio

President and Chief Executive Officer

Dated: November 12, 2025