INTELLINETICS, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.6M | $18.0M | $16.9M | $14.0M | $11.5M | $8.3M | $2.5M | $2.4M |
| Cost of Revenue | $5.6M | $6.6M | $6.3M | $5.1M | $4.5M | $3.3M | $567.8K | $742.4K |
| Gross Profit | $11.0M | $11.4M | $10.6M | $8.9M | $6.9M | $5.0M | $2.0M | $1.6M |
| Gross Margin | 66.0% | 63.1% | 62.6% | 63.6% | 60.6% | 60.5% | 77.6% | 68.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | $293.1K | $467.4K | $359.8K |
| SG&A Expense | $8.7M | $8.0M | $6.5M | $4.9M | $4.0M | $3.5M | $2.1M | $2.1M |
| Operating Income | $-1.8M | $-173.5K | $1.1M | $827.3K | $965.0K | $-2.0M | $-1.2M | $-1.5M |
| Operating Margin | -10.8% | -1.0% | 6.6% | 5.9% | 8.4% | -24.7% | -45.5% | -61.9% |
| Interest Expense | $84.3K | $372.7K | $588.2K | $803.3K | $452.1K | $637.7K | $980.7K | $865.5K |
| Pretax Income | — | — | — | $24.0K | $1.4M | $-2.4M | $-2.1M | — |
| Income Tax Expense | — | — | — | — | — | $-188.3K | — | — |
| Net Income | $-1.9M | $-546.2K | $519.3K | $24.0K | $1.4M | $-2.2M | $-2.1M | $-2.3M |
| Net Margin | -11.3% | -3.0% | 3.1% | 0.2% | 11.8% | -26.7% | -84.1% | -98.3% |
| EPS (Basic) | $-0.44 | $-0.13 | $0.13 | $0.01 | $0.48 | $-0.91 | $-5.76 | $-6.60 |
| EPS (Diluted) | $-0.44 | $-0.13 | $0.11 | $0.01 | $0.44 | $-0.91 | $-5.76 | $-6.60 |
| Shares Outstanding (Basic) | 4.3M | 4.2M | 4.1M | 3.8M | 2.8M | 2.4M | 370.5K | 354.6K |
| Shares Outstanding (Diluted) | 4.3M | 4.2M | 4.7M | 4.3M | 3.1M | 2.4M | 370.5K | 354.6K |
| Dividends Per Share | — | — | — | — | — | — | — | — |