By Connor Hart
Shares of Intellinetics climbed after the company notched higher sales in the fourth quarter and said it expects its marketing efforts to begin yielding results this year.
The stock rose 6.3% to $11.80 in after-hours trading Monday. Shares ended the regular session unchanged at $11.10 and are up 45% in the past year.
The provider of digital-transformation solutions swung to a net loss of about $54,000, or 1 cent a share, in the recent quarter, compared with a profit of about $62,000, or 2 cents a share, a year earlier.
Higher operating expenses, driven by increased sales and marketing costs, as well as other structural investments, prompted the loss, the company said.
Total revenue rose 2.1% to $4.3 million.
Software as a service, or SaaS, revenue climbed 12%, while fees from professional services edged 0.3% higher.
Intellinetics expects to grow revenue on a year-over-year basis in 2025. Continued sales and marketing spend is forecast to result in lower adjusted Ebitda--or earnings before interest, taxes, depreciation and amortization--but these investments are intended to provide returns in late 2025 and beyond, the company said.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
March 24, 2025 18:57 ET (22:57 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。