Intellinetics, Inc.

Greetings and welcome to the IntelliNetics fourth quarter and full year 2025 earnings conference call. At this time, all participants are in listen-only mode. A question and answer session will follow the formal presentation. You may be placed into question queue at any time by pressing star one on your telephone keypad. As a reminder, this conference is being recorded. It's now my pleasure to turn the floor over to Roger Grabner, Director of Marketing. Please go ahead, Roger.

fourth quarter conference call. Before we begin, I would like to remind listeners that during this conference call, comments made by management may include 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 risk and uncertainties that could cause such statements to differ materially from actual forward event or results. Intellinex 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 risk and uncertainties included in the section under the caption, Risk Factors and Management's Discussion and Analysis of Financial Conditions and Results of Operations, an Intellinex annual report on Form 10-K filed earlier today. Also, please note that on the call today, management will discuss the non-GAAP financial measures of adjusted EBITDA. Non-GAAP financial measures are not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP and may differ from non-GAAP financial measures presented by other companies. A reconciliation between GAAP and non-GAAP measures can be found in the press release issued today. With all that said, I would like to now turn the call over to Alison Forsyth, IntelliNetics President and CEO. Alison, the call is yours.

Thanks, Roger. Good afternoon, everyone, and thank you for joining us. Since stepping into the CEO role in mid-February, I've spent my time getting close to the business, meeting with the team, reviewing our operations, and assessing our opportunities and where we need to improve execution. What I see is a company with strong foundational assets and established SaaS customer base, differentiated technology, and meaningful opportunities in vertical markets where secure document and workflow automation remain critical. In 2025, under the leadership of my predecessor, the company continued to grow SaaS revenue while also strengthening our document management business, including securing an important contractual win with our largest customer. While total revenue reflects variability in professional services activity, SAS continued to grow and represents an increasing share of our overall business. Our software platform is the core of the business and the primary driver of growth and long-term value creation. Looking ahead, we are focused on improving execution, sharpening our go-to-market approach, and accelerating SAS revenue while bringing greater consistency to our document management business. Now, turning to results. For the fourth quarter, total revenue increased modestly year over year, driven by continued SAS growth that more than offset a slight decline in professional services. Gross margin improved as the mix of software revenue continued to increase. For the full year, revenue declined compared with 2024, primarily reflecting variability in services activity earlier in the year. Despite that, SAS revenue grew at a double-digit rate and continues to represent an increasing share of the overall business. Adjusted EBITDA declined year over year, reflecting both the revenue mix shift and investments we've been making in sales, marketing, and infrastructure to support future growth. 2025 reflected continued SAS growth and an improving revenue mix, while also highlighting clear opportunities to strengthen execution. With that, I'll turn it over to Joe to walk through the financials in more detail.