Q2 2023 EPS Estimates for Intellinetics, Inc. (OTCMKTS:INLX) Cut by Analyst

Intellinetics, Inc. (OTCMKTS:INLXGet Rating) – Taglich Brothers reduced their Q2 2023 earnings estimates for shares of Intellinetics in a research note issued on Monday, November 21st. Taglich Brothers analyst H. Halpern now anticipates that the company will earn $0.02 per share for the quarter, down from their prior forecast of $0.04. The consensus estimate for Intellinetics’ current full-year earnings is ($0.14) per share. Taglich Brothers also issued estimates for Intellinetics’ Q3 2023 earnings at $0.06 EPS.

Intellinetics (OTCMKTS:INLXGet Rating) last announced its earnings results on Monday, November 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. Intellinetics had a positive return on equity of 3.49% and a negative net margin of 1.18%. The company had revenue of $3.86 million for the quarter, compared to analyst estimates of $3.60 million.

Intellinetics Stock Performance

Shares of INLX opened at $3.97 on Wednesday. The company has a market cap of $16.16 million, a price-to-earnings ratio of 21.42 and a beta of 0.40. The firm has a fifty day moving average of $3.90 and a 200-day moving average of $4.31. Intellinetics has a 1 year low of $3.25 and a 1 year high of $11.94. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.79.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Intellinetics stock. Virtu Financial LLC acquired a new position in shares of Intellinetics, Inc. (OTCMKTS:INLXGet Rating) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,161 shares of the company’s stock, valued at approximately $39,000. Virtu Financial LLC owned 0.25% of Intellinetics at the end of the most recent quarter.

Intellinetics Company Profile

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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, audios, videos, and emails.

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Earnings History and Estimates for Intellinetics (OTCMKTS:INLX)

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