Intellinetics Reports First Quarter Financial Results
Intellinetics reported Q1 2026 revenue of $3.9 million, an 8% decline year-over-year driven by a 14.3% drop in professional services revenue. The company posted a net loss of $1.2 million ($0.27 per share), widening from a $0.7 million loss in the prior year, with gross margins contracting by 307 basis points. Operating expenses rose 4.4% to $3.7 million, including $430,000 in non-recurring CEO transition costs associated with the recent leadership change.
Key figures
- Revenue
- 3909182
- Guidance
- Double-digit year-over-year SaaS growth for fiscal 2026
- Revenue Yoy
- -8.0%
- Net loss
- 1177853
- Gross profit
- 2482059
- Saas revenue
- 1543847
- Gross profit yoy
- -12.2%
- Saas revenue yoy
- 0.1%
- Operating expenses
- 3664611
- Cash end of quarter
- 2076124
- Ceo transition costs
- 430130
- Operating expenses yoy
- 4.4%
- Gross margin contraction bps
- 307
- Professional services revenue
- 1850163
- Professional services revenue yoy
- -14.3%
AI analysis
Red flags5 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.