Intellinetics (AMEX:INLX) held its first-quarter earnings conference call on Thursday. Below is the complete transcript from the call.
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Access the full call at https://event.choruscall.com/mediaframe/webcast.html?webcastid=YhpDYNdb
Summary
Intellinetics reported a total revenue decline of 8% to $3.9 million for Q1 2026 compared to $4.2 million in the same period last year.
SaaS revenue remained stable at approximately $1.5 million, while professional services revenue decreased by 14.3% to $1.9 million.
Consolidated gross margin decreased by 307 basis points to 63.5%, primarily due to lower professional services volume and project mix.
Operating expenses increased by 4.4%, influenced by one-time CEO transition costs totaling $430,000.
Net loss for Q1 was $1.2 million, with a loss per share of $0.27, impacted by reduced professional services revenue and transition costs.
Intellinetics has no debt as of March 31, 2026, and maintains $2.1 million in cash.
Management aims for double-digit year-over-year SaaS growth for fiscal 2026, focusing on improving execution and operational discipline.
Full Transcript
OPERATOR
Greetings. Welcome to Intellinetics first quarter 2026 earnings call. At this time all participants are in a listen only mode. Should you need assistance during the conference, please press the star key followed by zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to Joe Spain, Chief Financial Officer. Thank you. You may begin.
Joe Spain (Chief Financial Officer)
Thank you. Good afternoon everyone. I am pleased to welcome you to the Intellinetics 2026 first quarter conference call. Before we begin, I would like to remind listeners that during this conference call, comments made by management may include forward looking statements regarding Intellinetics Inc. That are not historical facts. These forward looking statements are based on the current expectations and beliefs of management and they are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Intellinetics Inc. Undertakes no duty to update any forward looking statements. For more information about factors that may cause actual results to differ materially from forward looking statements, please refer to the press release issued today as well as risks and uncertainties included in the section under the caption Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations in Intelnetics Annual report on Form 10K or the quarterly report on Form 10Q filed today. Also, please note that on the call today management will discuss the non GAAP financial measure adjusted ebitda. Non GAAP financial measures are not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP and may be different from non GAAP financial measures presented by other companies. A reconciliation between GAAP and non GAAP …
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