Crexendo Q3 revenue $9.1M (+3% YoY), GAAP loss $(0.03)/share, closes Allegiant acquisition

Crexendo, Inc.

2022-Q3 EPS reported -$0.13 revenue$26,112,000

Q3 revenue $9.1M (+3% YoY); GAAP net loss $(696K) or $(0.03)/share; non-GAAP net income $713K or $0.03/share.
Adjusted EBITDA $938K vs $1.0M in Q3 2021; cash and equivalents $4.8M at Sep 30, 2022.
Closed accretive acquisition of Allegiant Networks (MSP), adding midwest presence and data centers.
CEO cites revenue high-water mark, plans for more accretive acquisitions without substantial debt.
Nine-month revenue $26.1M (+37% YoY), largely from software segment acquisition in June 2021.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Crexendo, Inc. reported third quarter ended September 30, 2022 results: revenue $9.1 million, net income $(696,000), EPS $(0.03).

Period: third quarter ended September 30, 2022
Revenue: $9.1 million
Net income: $(696,000)
EPS: $(0.03)
Result: reported results

Exact text from the filing

Today, the Company reported financial results for the third quarter ended September 30, 2022. Third Quarter Financial highlights: · Total revenue increased 3% year-over-year to $9.1 million. · GAAP net loss of $(696,000) or a $(0.03) loss per basic and diluted common share.

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21 earnings releases filed in the last 30 days. Browse all earnings releases →

Crexendo, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-22-015021

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