Intellinetics Shares Fall on 3Q Revenue Decline

Dow Jones11-18

By Elias Schisgall

 

Shares of Intellinetics slid after the software company posted a decline in third-quarter revenue driven by low demand for professional services.

The stock was down 19% at $7.30 in after-hours trading on Monday. Shares ended the market session down less than 1%, and for the year the stock has fallen 34%.

The company posted a third-quarter loss of $370,000, or 8 cents a share, compared with a loss of $393,000, or 9 cents a share, one year earlier.

Revenue fell to $4 million, from $4.6 million a year earlier. Revenue from software-as-a-service increased 15%, to $1.6 million, while revenue from professional services declined to $1.9 million from $2.6 million a year earlier.

Chief Executive James DeSocio said spending on professional services was recovering after a slump, adding that the company had orders that would have production at historical levels into the second quarter.

DeSocio is bullish on software-as-a-service sales. He said customers in the homebuilding and K-12 education markets are beginning to recover from headwinds earlier in the year.

"These markets appear ready to spend again," DeSocio said.

 

Write to Elias Schisgall at elias.schisgall@wsj.com

 

(END) Dow Jones Newswires

November 17, 2025 18:08 ET (23:08 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment