Taglich Brothers Equities Analysts Decrease Earnings Estimates for Intellinetics, Inc. (OTCMKTS:INLX)

Intellinetics, Inc. (OTCMKTS:INLX) – Equities research analysts at Taglich Brothers reduced their Q3 2024 earnings per share (EPS) estimates for shares of Intellinetics in a report issued on Monday, August 19th. Taglich Brothers analyst H. Halpern now anticipates that the company will earn $0.01 per share for the quarter, down from their previous forecast of $0.06. The consensus estimate for Intellinetics’ current full-year earnings is $0.13 per share. Taglich Brothers also issued estimates for Intellinetics’ Q1 2025 earnings at ($0.01) EPS, Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.04 EPS and Q4 2025 earnings at $0.02 EPS.

Intellinetics (OTCMKTS:INLX) last released its earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Intellinetics had a net margin of 4.09% and a return on equity of 7.71%. The firm had revenue of $4.64 million for the quarter, compared to analyst estimates of $4.61 million.

Intellinetics Price Performance

Shares of OTCMKTS INLX opened at $9.09 on Wednesday. The company has a market capitalization of $37.40 million, a PE ratio of 151.50 and a beta of 0.35. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. Intellinetics has a twelve month low of $3.13 and a twelve month high of $10.99. The firm has a fifty day simple moving average of $7.43 and a 200 day simple moving average of $7.50.

Insiders Place Their Bets

In other Intellinetics news, Director John C. Guttilla bought 10,000 shares of the stock in a transaction on Wednesday, May 29th. The stock was acquired at an average cost of $6.60 per share, for a total transaction of $66,000.00. Following the completion of the acquisition, the director now owns 18,405 shares in the company, valued at approximately $121,473. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.36% of the company’s stock.

Intellinetics Company Profile

Intellinetics, Inc designs, develops, tests, markets, and licenses document services and software solutions in the United States. The company operates in two segments, Document Management and Document Conversion. Its software platform allows its customers to capture and manage documents across operations, such as scanned hard-copy documents and digital documents, including Microsoft Office 365, digital images, audio, videos, and emails.