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.
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