INTELLINETICS, INC. INLX
is a Nevada holding company incorporated in 1997, with two wholly-owned subsidiaries: (i) Intellinetics Ohio and (ii) Graphic Sciences.
as a result of a reverse merger and recapitalization. On March 2, 2020, Intellinetics purchased Graphic Sciences, Inc.
are 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. Our digital transformation products and services are provided through two
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.6M | $18.0M | $16.9M | $14.0M | $11.5M | $8.3M | $2.5M | $2.4M | $2.6M | $2.6M |
| Cost of revenue | $5.6M | $6.6M | $6.3M | $5.1M | $4.5M | $3.3M | $567.8K | $742.4K | $760.5K | $709.8K |
| Gross profit | $11.0M | $11.4M | $10.6M | $8.9M | $6.9M | $5.0M | $2.0M | $1.6M | $1.9M | $1.9M |
| R&D | — | — | — | — | — | $293.1K | $467.4K | $359.8K | $412.4K | $386.3K |
| SG&A | $8.7M | $8.0M | $6.5M | $4.9M | $4.0M | $3.5M | $2.1M | $2.1M | $2.2M | $2.1M |
| Total operating expenses | $12.7M | $11.5M | $9.5M | $8.1M | $6.0M | $7.0M | $3.1M | $3.1M | $3.0M | $3.3M |
| Operating income | -$1.8M | -$173.5K | $1.1M | $827.3K | $965.0K | -$2.0M | -$1.2M | -$1.5M | -$1.2M | -$1.4M |
| Interest expense | $84.3K | $372.7K | $588.2K | $803.3K | $452.1K | $637.7K | $980.7K | $865.5K | $609.9K | $206.3K |
| Pre-tax income | — | — | — | $24.0K | $1.4M | -$2.4M | -$2.1M | — | — | — |
| Income tax | — | — | — | — | — | $188.3K | — | — | — | — |
| Net income | -$1.9M | -$546.2K | $519.3K | $24.0K | $1.4M | -$2.2M | -$2.1M | -$2.3M | -$1.4M | -$1.6M |
| EPS, basic | -0.44 | -0.13 | 0.13 | 0.01 | 0.48 | -0.91 | — | — | — | — |
| EPS, diluted | -0.44 | -0.13 | 0.11 | 0.01 | 0.44 | -0.91 | -5.76 | -6.60 | -0.08 | -0.09 |
| Shares, diluted (wtd. avg.) | $4.3M | $4.2M | $4.7M | $4.3M | $3.1M | $2.4M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | $2.5M | $1.2M | $2.7M | $1.8M | $1.9M | $404.2K | — | — | — |
| Receivables | $1.2M | $1.1M | $1.9M | $1.1M | $1.2M | $792.4K | $329.6K | $135.7K | $295.8K | $259.5K |
| Inventory | $173.3K | $100.6K | $110.3K | $73.2K | $76.7K | $79.8K | $4.2K | — | — | — |
| Total current assets | $5.2M | $5.5M | $5.0M | $4.9M | $3.7M | $3.5M | $872.1K | $1.4M | $1.6M | $1.1M |
| Property, plant and equipment | $1.1M | $1.1M | $924.3K | $1.1M | $1.1M | $698.8K | $6.9K | $9.1K | $14.8K | $18.8K |
| Goodwill | $5.8M | $5.8M | $5.8M | $5.8M | $2.3M | $2.3M | — | — | — | — |
| Other intangibles | $2.9M | $3.4M | $3.9M | $4.4M | $968.5K | $1.2M | — | — | — | — |
| Total assets | $17.3M | $18.6M | $19.0M | $19.9M | $12.0M | $10.3M | $986.6K | $1.4M | $1.6M | $1.1M |
| Accounts payable | $284.7K | $310.6K | $194.5K | $370.3K | $181.5K | $141.8K | $160.9K | $308.1K | $405.2K | $767.2K |
| Short-term debt | — | — | — | — | — | — | — | — | $875.0K | $360.5K |
| Total current liabilities | $5.1M | $6.6M | $4.4M | $6.0M | $3.6M | $3.6M | $7.3M | $1.2M | $2.6M | $2.0M |
| Long-term debt | — | — | — | $3.3M | $2.0M | $2.8M | $3.5M | $3.5M | $1.2M | $585.8K |
| Total liabilities | $5.9M | $7.9M | $9.3M | $11.4M | $9.3M | $9.2M | $7.4M | $5.9M | $4.3M | $3.1M |
| Retained earnings | -$23.5M | -$21.6M | -$21.1M | -$21.6M | -$21.6M | -$23.0M | -$20.8M | -$18.7M | -$16.3M | -$15.0M |
| Total equity | $11.4M | $10.6M | $9.8M | $8.6M | $2.7M | $1.2M | -$6.4M | -$4.5M | -$2.6M | -$2.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $933.9K | $3.9M | $784.7K | $2.0M | $1.4M | $125.0K | -$982.2K | -$1.2M | -$1.1M | -$1.3M |
| Depreciation and amortisation | $325.9K | $269.0K | $255.7K | $229.6K | $413.9K | $296.9K | $7.7K | $9.0K | $11.8K | $10.7K |
| Stock-based compensation | $1.3M | $1.5M | $464.5K | — | — | — | — | — | — | — |
| Capital expenditure | $354.4K | $439.2K | $111.2K | $201.0K | $552.2K | $76.9K | $5.5K | $3.4K | $12.6K | $6.9K |
| Investing cash flow | -$824.0K | -$827.8K | -$548.1K | -$7.0M | -$590.5K | -$4.1M | -$5.5K | -$3.4K | -$12.6K | -$6.9K |
| Financing cash flow | -$70.8K | -$1.8M | -$1.7M | $5.9M | -$954.7K | $5.5M | $303.2K | $1.1M | $1.6M | $840.4K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-020649.
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