Intellinetics Reports Q3 2026 Revenue Growth and Improved EBITDA Amid Revised SaaS Guidance
Intellinetics (INLX) reported third-quarter revenue of $4.03 million, a slight increase of 0.7% year-over-year, driven by growth in SaaS and storage services. The company achieved an improved net loss of $0.2 million compared to $0.4 million in the prior year and returned to positive adjusted EBITDA of $145,000. Gross margins expanded significantly to 67.1%, aided by more profitable document scanning projects. Despite these improvements in profitability, management issued a cautious outlook for fiscal 2026, revising SaaS revenue guidance from double-digit growth expectations down to single-digit growth. CEO Alison Forsythe noted that current growth rates are below company targets, citing delays in customer deployments and the timing of bookings converting into recognized revenue as primary headwinds.
Topics: gross margin expansion net loss reduction revenue growth SaaS revenue