Intellinetics, Inc. (OTCMKTS:INLX – Get 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:INLX – Get 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
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:INLX – Get 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
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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