Intellinetics, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 04:06 pm EST
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Intellinetics, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 4.25 million compared to USD 3.86 million a year ago. Net income was USD 0.209331 million compared to USD 0.217536 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to USD 0.05 a year ago.
For the nine months, revenue was USD 12.69 million compared to USD 9.98 million a year ago. Net income was USD 0.457628 million compared to net loss of USD 0.176757 million a year ago. Basic earnings per share from continuing operations was USD 0.11 compared to basic loss per share from continuing operations of USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to diluted loss per share from continuing operations of USD 0.05 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. 
