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Company Overview Intellinetics is a Nevada holding company incorporated in 1997, with two wholly-owned subsidiaries: (i) Intellinetics Ohio and (ii) Graphic Sciences. Intellinetics Ohio was incorporated in 1996, and on February 10, 2012, Intellinetics Ohio became the sole operating subsidiary of Intellinetics as a result of a reverse merger and recapitalization.
The business is unprofitable at the operating level (-10.79% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 8.0% YoY. Margins deteriorated 9.8pp alongside, both lines moving the wrong way.
Free cash flow declined 83% versus the prior year, cash generation momentum has weakened. ROIC dropped from -1.07% to -10.90%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$16M
▼ -8.0% YoY
Net Income (TTM)
-$2M
▼ -242.9% YoY
Op. Margin
-14.08%
▼ -9.8pp YoY
ROIC
-13.98%
▼ -9.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$474K
▼ -83.1% YoY
Op. Cash Flow (TTM)
$732K
▼ -75.8% YoY
Net Debt
-$660K
Net Cash Position
Cash & Equiv.
$2M
5Y CAGR: +15.0%
5Y CAGR: +64.5%
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