World News: 13:30 GMT Wednesday 14th August 2019. [Intellinetics, Inc. via Globe Newswire via SPi World News]
COLUMBUS, OH , Aug. 14, 2019 (GLOBE NEWSWIRE) -- – Intellinetics, Inc. (), a cloud-based document solutions provider, announced financial results for the three and six months ended June 30, 2019.
“As an example, our value-add strengths include the workflow engines within our solutions, which we believe are superior to basic cloud storage products. Whether it is our unique Auditshield function, which highlights documents which are missing, or the powerful, rules-based workflow engine driving our Incident Case Management System, the word is getting out that these tools are making a difference for our customers.” DeSocio concluded.
A non-GAAP financial measure is a numerical measure of a company's financial performance that excludes or includes amounts so as to be different from the most directly comparable measure calculated and presented in accordance with GAAP in the statement of income, balance sheet or statement of cash flows of a company. Adjusted EBITDA is not a measurement of financial performance under GAAP and should not be considered as an alternative to net income, operating income, or any other performance measure derived in accordance with GAAP, or as an alternative to cash flow from operating activities or a measure of our liquidity. Intellinetics urges investors to review the reconciliation of non-GAAP Adjusted EBITDA to the comparable GAAP Net Loss, which is included in this press release, and not to rely on any single financial measure to evaluate Intellinetics’ financial performance.
We believe that Adjusted EBITDA is a useful performance measure and is used by us to facilitate a comparison of our operating performance on a consistent basis from period-to-period and to provide for a more complete understanding of factors and trends affecting our business than measures under GAAP can provide alone. We define “Adjusted EBITDA” as earnings before interest expense, any income taxes, depreciation and amortization expense, and other non-cash expenses such as share-based compensation, note conversion warrant expense and other financing related transaction costs.
Globe Newswire: 13:30 GMT Wednesday 14th August 2019
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