Exhibit 99.1 Intellinetics Grows 2024 First Quarter Revenues 7.7%, Grows SaaS Revenue 13.5% COLUMBUS, OH – May 14, 2024 – Intellinetics, Inc. (NYSE American: INLX), a digital transformation solutions provider, announced financial results for the three months ended March 31, 2024, the first quarter of 2024. 2024 First Quarter Financial Highlights | | | For the Quarter ended March 31, | | | | --- | --- | --- | --- | --- | | | 2024 | | 2023 | | | Revenues: | | | | | | Sale of software | $ | 5,779 | $ | 15,293 ...

Financial Data and Key Metrics Changes - For the year ended December 31, 2023, the company grew revenue more than 20% and increased SaaS revenue by nearly 28% [10] - Net income for Q4 was $62,000 compared to net income of $201,000 for the same period last year [19] - Full year net income was $519,000 compared to $24,000 in 2022, with earnings per share of $0.13 compared to $0.01 per share last year [41] Business Line Data and Key Metrics Changes - Professional services revenue increased 4.7% to $2.2 million for the quarter from $2.1 million for the same period last year [17] - SaaS maintenance and BPO professional services all grew, with SaaS revenue growing faster than operating expenses, enabling consistent profitability [15] - Total revenue for 2023 increased 20.5% to $16.9 million as compared to $14 million last year, with SaaS revenue increasing 27.8% [32] Market Data and Key Metrics Changes - The K-12 operations now have 591 K-12 districts generating significant SaaS revenue, which more than doubles the presence in this vertical market since the acquisition of Yellow Folder in April 2022 [26] - The company closed 353 contracts in 2023, with an estimated total contract value of $7.7 million [26] Company Strategy and Development Direction - The company plans to invest in its IPAS solution and expand cross-selling efforts in 2024, viewing it as a significant growth catalyst [3][12] - The 2024 budget includes an incremental $400,000 of spend towards accelerating IPAS, focusing on additional sales headcount and enhancing the delivery team [14] - The company aims to double its SaaS revenue over the next four to five years through the IPAS offering [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong momentum and stable baseline with consistent profitability and cash generation [3] - The company expects to grow revenues and adjusted EBITDA on a year-over-year basis for the fiscal year 2024 [42] - Management highlighted the importance of making early adopters of IPAS happy to set the stage for wholesale adoption in select ERP ecosystems [43] Other Important Information - Consolidated gross margin increased 98 basis points to 64.9% for Q4 this year compared to 63.9% last year, driven by a better revenue mix [17] - Operating expenses increased 17% to $2.5 million for Q4 2023 compared to $2.2 million in 2022, largely due to equity compensation expenses [18] Q&A Session Summary Question: Can you talk about deal size compared to your base offerings? - The average sale size for the K-12 offering is between $3,000 to $8,000, while the IPAS offering deals are north of $35,000 on annual recurring revenue [45] Question: Are you migrating within Constellation into different verticals? - The plan is to pursue both existing Constellation customers and new verticals, with a focus on expanding the customer base [46] Question: Do you still anticipate new districts coming online at a pace of 15 to 20 districts a quarter? - Yes, the company continues to expect that pace [48]

Revenue Growth - Total revenue for 2023 was $16,886,381, representing a 20.5% increase compared to $14,016,928 in 2022[10] - SaaS revenue grew by 28% year-over-year, reaching $5,133,215 in 2023, up from $4,017,409 in 2022[4] - The acquisition of Yellow Folder contributed $3,613,764 in revenue for 2023, up from $2,460,474 in 2022[10] - Total revenues for the twelve months ended December 31, 2023, reached $16,886,381, up from $14,016,928 in 2022, indicating a growth of approximately 20.5%[27] - Software as a service revenue increased to $5,133,215 in 2023 from $4,017,409 in 2022, reflecting a growth of about 27.8%[27] - Recurring revenues for the three months ended December 31, 2023, totaled $2,646,580, compared to $2,413,747 in 2022, marking an increase of approximately 9.7%[22] Net Income and Profitability - Net income for 2023 was $519,266, or $0.13 per basic share, compared to $24,027, or $0.01 per basic share in 2022[10] - Net income for the twelve months ended December 31, 2023, was $519,266, compared to $24,027 in 2022, representing a significant increase[27] - Basic net income per share for 2023 was $0.13, up from $0.01 in 2022, indicating a substantial improvement[27] - The company reported a gross profit of $10,563,955 for the twelve months ended December 31, 2023, compared to $8,909,158 in 2022, an increase of about 18.5%[27] Expenses and Financial Health - Total operating expenses for 2023 increased by 17.0% to $9,456,486, compared to $8,081,837 in 2022[10] - Adjusted EBITDA increased by 13.7% to $2,744,649 in 2023, compared to $2,413,901 in 2022[10] - Depreciation and amortization expenses rose to $974,527 in 2023 from $722,197 in 2022, indicating a 35% increase[29] - Bad debt expense increased to $77,211 in 2023 from $42,129 in 2022, reflecting a rise of approximately 83%[29] Cash Flow and Liquidity - The company’s cash balance decreased to $1,215,248 as of December 31, 2023, from $2,696,481 in 2022, indicating a decline in liquidity[25] - Net cash provided by operating activities decreased to $784,659 in 2023 from $1,988,778 in 2022, a decline of approximately 60%[29] - Net cash used in investing activities was $548,077 in 2023, down from $6,960,594 in 2022, showing a reduction of about 92%[29] - Net cash used in financing activities was $1,717,815 in 2023, compared to a net cash provided of $5,915,667 in 2022, indicating a shift of approximately $7.6 billion[29] - Cash at the end of the period decreased to $1,215,248 in 2023 from $2,696,481 in 2022, a decline of about 55%[29] Debt and Future Outlook - The company ended 2023 with less than $1.8 million in debt, net of cash[5] - The company plans to prepay $500,000 of long-term debt and expects to have no net debt by the end of 2024[12] - Management expects revenue and EBITDA growth on a year-over-year basis for fiscal year 2024[11] Assets and Liabilities - Total current assets decreased to $5,004,375 as of December 31, 2023, from $4,893,039 in 2022[25] - Total liabilities decreased to $9,275,539 as of December 31, 2023, compared to $11,374,340 in 2022, showing a reduction of approximately 18.4%[25] - Accounts receivable showed a significant change, with a decrease of $806,503 in 2023 compared to an increase of $81,227 in 2022[29] - Deferred revenues decreased to $173,744 in 2023 from $486,885 in 2022, a decline of about 64%[29] - Cash paid during the period for interest was $418,790 in 2023, down from $496,805 in 2022, a decrease of approximately 16%[29] Product Development - The IntelliCloud™ Payables Automation System (IPAS) was commercially launched, with two customers live and seven more signed[5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41495 INTELLINETICS, INC. (Exact name of registrant as specified in its charter) Nevada 87-0613716 (State or other jurisdiction of i ...

Intellinetics, Inc. (NYSE:INLX) Q3 2023 Results Conference Call November 14, 2023 4:30 PM ET Company Participants Tom Baumann - FNK IR Jim DeSocio - President and CEO Joe Spain - CFO Conference Call Participants Howard Halpern - Taglich Brothers Operator Good day, ladies and gentlemen, and welcome to the Intellinetics' Third Quarter 2023 Earnings Call. Our host for today's call is Tom Baumann with FNK IR. [Operator Instructions] I would now like to turn the call over to your host. Mr. Baumann, the floor is ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________________to _________________________ Commission file number: 001-41495 INTELLINETICS, INC. (Exact name of registrant as specified in its charter ...

Intellinetics, Inc. (NYSE:INLX) Q2 2023 Earnings Conference Call August 14, 2023 4:30 PM ET Company Participants Tom Baumann - FNK IR James DeSocio - President & CEO Joseph Spain - CFO Conference Call Participants Operator Greetings, and welcome to Intellinetics Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________________to _________________________ Commission file number: 001-41495 INTELLINETICS, INC. (Exact name of registrant as specified in its charter) Nev ...

Intellinetics, Inc. (NYSE:INLX) Q1 2023 Earnings Conference Call May 15, 2023 4:30 PM ET Company Participants Tom Baumann – FNK IR Jim DeSocio – President and Chief Executive Officer Joe Spain – Chief Financial Officer Conference Call Participants Howard Halpern – Taglich Operator Good day, ladies and gentlemen, and welcome to the Intellinetics’ First Quarter 2023 Earnings Call. At this time all participants are in a listen-only mode and the floor will be opened for questions and comments following the pres ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________________to _________________________ | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | C ...