Intellinetics Inc. has reported its financial results for the six months ended June 30, 2025. The company experienced a 9.7% decrease in revenues, totaling $8.3 million compared to $9.1 million for the same period in 2024. This decline was primarily due to a 21.4% decrease in professional services revenues, which offset a growth of 11.2% in SaaS revenues. The net loss for the period was $1.3 million, a significant increase from the net loss of $99,664 reported during the same period last year. The loss from operations was $1.2 million, compared to an income from operations of $137,626 in the previous year. Total operating expenses rose by 17.8% to $6.8 million from $5.8 million, driven by structural investments in sales and marketing, as well as an increase in share-based compensation expense. For the second quarter specifically, Intellinetics reported a net loss of $567,590, contrasting with a net income of $75,050 for the same quarter in 2024. Adjusted EBITDA was reported at $27,573, down from $698,217 in the previous year. The company also experienced a loss from operations of $508,478 compared to an operating income of $172,106 in the second quarter of 2024. Looking ahead, Intellinetics has revised its 2025 outlook and now expects revenues to be lower than in 2024, driven by weakness in professional services in the first half of the year. However, the company anticipates growth in SaaS revenues and plans to maintain positive Adjusted EBITDA. The company expects its 2025 Adjusted EBITDA to be reduced by more than half compared to 2024, due to increased investments in sales and marketing aimed at generating returns in late 2025 and beyond.