Intellinetics Inc
intellinetics.comIntellinetics Inc (NYSE American: INLX) is a document services and software solutions company that provides digital transformation and process automation products to small-to-medium businesses and government entities. Revenue comes from two segments: Software, which generates subscription, maintenance, and implementation fees from a cloud-based document management platform, and Document Services, which earns transactional fees from converting paper and microfilm records to digital formats. Government contracts, including K-12 education, represented approximately 78% of net revenues in FY2025 and 80% in FY2024, making customer concentration a defining feature of the business. The two largest clients accounted for roughly 39% and 4% of revenues in FY2025, with the largest being a state government. The majority of software-as-a-service and maintenance revenues are annual contracts invoiced at renewal, creating a recurring revenue base with seasonality favoring the third quarter due to government fiscal calendars. Net cash provided by operating activities was $933,871 in FY2025, down from $3,858,160 in FY2024. Operating expenses increased 10.2% in FY2025, driven by investments in sales, marketing, security, and product development.
Products & Services
Software segment: cloud-based document management platform with modules for image processing, optical character recognition, accounts payable automation, records management, workflow routing, and extended components including e-forms and email archiving. Document Services segment: paper scanning, microfilm-to-digital conversion, micrographics, large-format scanning, indexing, and long-term storage and retrieval services.
Revenue Model
Recurring subscription and maintenance fees from annual software contracts, one-time implementation fees, and transactional document conversion service fees. Most SaaS and maintenance contracts are invoiced and collected at the start of each renewal period.
Customers & Markets
Primary end markets are state and local government entities and K-12 school districts, representing approximately 78% of net revenues in FY2025. Secondary vertical markets include construction and homebuilding. Solutions sold directly to end-users and through channel partners and resellers.
Geographic Exposure
Operations include corporate offices and document services warehouses; Document Services operations located in Madison Heights. Filing does not specify revenue breakdown by geography beyond the domestic government and commercial customer base.
Financial Snapshot
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