Intellinetics Reports Q2 Earnings with Mixed Revenue Performance
Intellinetics (INLX) reported second-quarter results for fiscal 2026, showing a slight decline in total revenue to $3.9 million from $4.0 million year-over-year due primarily to reduced scanning project volume in its Document Services segment. However, SaaS revenue grew by 4.2% to $1.6 million as new payables automation customers contributed positively. The company experienced a net loss of $1.1 million for the quarter compared to $0.6 million in the prior-year period, with adjusted EBITDA turning negative at -$371,096 versus a profit last year. Management attributed this decline to lower gross profits and higher operating expenses driven by increased general administrative costs. Despite these challenges, Intellinetics remains optimistic about its full fiscal 2026 outlook, forecasting double-digit SaaS growth for the year as it continues strategic transformation efforts focused on expanding recurring revenue.
Topics: net loss operating expenses revenue SaaS growth