Intellinetics (INLX) Q2 2026 Earnings Call Transcript

Intellinetics (INLX) posted a Q2 2026 net loss of $1.1 million, nearly double the $0.6 million loss in the prior-year period, as total revenue slipped 1.6% to $3.9 million. The decline stemmed from lower document services project volume, though SaaS revenue climbed 4.2% year-over-year. Adjusted EBITDA turned negative in the quarter, reversing earlier profitability.

Management highlighted a strategic pivot toward recurring revenue, projecting double-digit SaaS growth for fiscal 2026. Software margins remained solid despite the top-line pressure, signaling the company's shift away from lower-margin project work. The transformation centers on operational discipline and expanding the subscription base.

The widening loss and negative adjusted EBITDA mark a near-term profitability setback even as the SaaS segment shows momentum. The revenue mix is shifting, but the transition is carrying execution risk.