Intellinetics, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 04:01 pm EDT
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Intellinetics, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 3.42 million compared to USD 2.91 million a year ago. Net loss was USD 0.374167 million compared to net income of USD 0.192447 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to basic earnings per share from continuing operations of USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.09 compared to diluted earnings per share from continuing operations of USD 0.06 a year ago.
For the six months, revenue was USD 6.12 million compared to USD 5.54 million a year ago. Net loss was USD 0.394293 million compared to net income of USD 1.04 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to basic earnings per share from continuing operations of USD 0.37 a year ago. Diluted loss per share from continuing operations was USD 0.11 compared to diluted earnings per share from continuing operations of USD 0.33 a year ago.
Intellinetics, Inc. is a holding company. The Company is a document services and software solutions company serving both the small-to-medium business and governmental sectors with their digital transformation and process automation initiatives. It operates through two segments: Document Management and Document Conversion. The Document Management segment consists of solutions involving its software platform, allowing customers to capture and manage their documents across operations such as scanned hard-copy documents and digital documents, including those from Microsoft Office 365, digital images, audio, video, and emails. The Document Conversion segment provides assistance to customers as a part of their overall document strategy to convert documents from one medium to another, predominantly paper to digital, including migration to its software solutions, as well as long-term storage and retrieval services. Its flagship software platforms include IntelliCloud, and YellowFolder.
INTELLINETICS, INC. 
