Document management firm Intellinetics Q3 revenue down, hurt by weakness in professional services
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Intellinetics reported a 12.8% year-over-year decline in Q3 2025 revenue, primarily due to a 28% drop in professional services. However, SaaS revenue grew by 14.6% year-over-year. The company expects lower overall revenues for 2025 compared to 2024 but anticipates Q4 2025 SaaS revenues to surpass Q4 2024. Adjusted EBITDA for 2025 is projected to be less than half of 2024. The average analyst rating is "buy" with a 12-month price target of $14.50, reflecting a potential upside from its current price of $11.00.
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