Q2 2026 Intellinetics Inc Earnings Call Transcript
Key Points
- SaaS revenue grew 4.2% year-over-year in Q2 2026, driven by new payables automation customers.
- Software bookings improved in the first half of 2026, and pipeline coverage strengthened exiting Q2.
- The company launched a new website, providing a stronger foundation for demand generation.
- Management has improved forecasting visibility, sales pipeline management, and project oversight, leading to better operating discipline.
- The company has no debt as of June 30, 2026, and maintains a solid cash position of $1.7 million.
- Total revenue decreased 1.6% year-over-year in Q2 2026, impacted by lower professional services volume and project timing in Document Services.
- Professional services revenue declined 5.8% in Q2 and 10.3% in the first half of 2026 due to reduced scanning project activity and lower backlog.
- Consolidated gross margin decreased 162 basis points in Q2, driven by a product mix shift in document scanning and conversion projects.
- Net loss widened to $1.1 million in Q2 2026 from $600,000 in the prior year, with adjusted EBITDA declining to $371,000 from $28,000.
- Operating expenses increased 14.7% in Q2, driven by higher variable compensation, increased engineering personnel, and a $229,000 rise in share-based compensation.
Greetings. Welcome to Intellinetics second quarter 2026 earnings call. (Operator Instructions) Please note, this conference is being recorded.
I will now turn the conference over to Joe Spain, CFO. Thank you. You may begin.
Thank you. Good afternoon, everyone. I am pleased to welcome you to the Intellinetics 2026 second quarter conference call. Before we begin, I would -- forward-looking statements regarding Intellinetics, Inc. that are not historical facts. These forward-looking statements are based on current expectations and beliefs of management, and they are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Intellinetics, Inc., undertakes no duty to update any forward-looking statements.
For more information about factors that may cause actual results to differ materially from forward-looking statements, please refer to the press release issued today as well as risks
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