INLX$4.15+1.72%
Intellinetics, Inc.
Sector: Services-Prepackaged SoftwareIndustry: Software - ApplicationCountry: USExchange: NYSE
Mkt Cap:$18.65M
Float & O/S:2.97M / 4.49M
Inst Own:10.5%
DilutionScan read 31 of INTELLINETICS, INC.'s SEC filings and found 5 warrant series, 1 ATM program and 1 shelf registration on file for INLX. The latest dilution event on file is ATM sales on Jun 30, 2026. Analysis updated Oct 7, 2026.
Signal8 Summary
INLX
Shrinking micro-cap with tightening liquidity
- Business
- MixedRevenue down 8%, net loss $1.9M, but gross margin 66%
- Stock risk
- Elevated$20.7M micro-cap, cash $1.7M, 23.9% overhead dilution
Snapshot
Intellinetics is a small document-management software company whose revenue slipped 8% to $16.6M in FY 2025, with a net loss of $1.9M.
What's Happening Right Now
- : Matthew Chretien retired as CEO effective Sep 1, 2026 with Alison Forsythe taking over; the board finalized his separation agreement (three months' severance, ongoing consulting role) on Sep 15, 2026, and also renamed Joseph Spain as CFO, Secretary and Treasurer.
- : Q2 2026 revenue fell 1.6% to $3.9M with a net loss of $1.09M, cash dropped to $1.71M, the company reported a $1.3M working capital deficit, and operating cash flow turned negative for the six months, though management says it has a $1M credit line and about $8.2M left on its ATM program.
- : Intellinetics reported Q2 2026 net loss of $1.1M (vs $0.6M a year earlier) as SaaS growth was offset by declining professional services revenue, though management reiterated expectations for double-digit SaaS growth in fiscal 2026.
- : Sold $1.80M of stock / $1.62M net / 146K shares through its at-the-market program, as stated for Jan 1, 2025 to Dec 31, 2025.
- : Sold $1.72M of stock / $1.55M net / 140K shares through its at-the-market program, as stated for Jan 1, 2025 to Jun 30, 2025.
- : Registered $12.87M of securities for sale on Form S-3.
