Intellinetics Says "Based On Management's Current Plans And Assumptions, The Company Reiterated Expectations That It Will Grow Revenues On A YoY Basis For The Fiscal Year 2024, And Revised Expectations For Adjusted EBITDA To Decline Modestly Compared To 2023"
Portfolio Pulse from Benzinga Newsdesk
Intellinetics has reiterated its expectations for revenue growth on a year-over-year basis for fiscal year 2024, but has revised its expectations for Adjusted EBITDA to decline modestly compared to 2023. The company is increasing its sales and marketing investments to drive future growth.
August 13, 2024 | 8:08 pm
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Intellinetics expects revenue growth in FY 2024 but has revised its expectations for Adjusted EBITDA to decline modestly due to increased investments in sales and marketing.
The news indicates that while Intellinetics expects revenue growth, the increased investments in sales and marketing will lead to a modest decline in Adjusted EBITDA. This mixed outlook may result in a neutral short-term impact on the stock price as investors weigh the potential for future growth against the near-term decline in profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100