Intellinetics, Inc. (INLX) Misses Q1 EPS by 10c, provides outlook

Intellinetics, Inc. (OTC: INLX) reported Q1 EPS of ($0.04), $0.10 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $4.51 million versus the consensus estimate of $4.43 million.

2024 Outlook

Based on management\'s current plans and assumptions, the Company reiterated expectations that it will grow revenues on a year-over-year basis for the fiscal year 2024. Regarding Adjusted EBITDA, the Company is revising its guidance in expectation that Adjusted EBITDA for 2024 will be at or slightly less than 2023 levels.

For earnings history and earnings-related data on Intellinetics, Inc. (INLX) click here.

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