---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-22-015021"
form_type: "8-K"
ticker: "CXDO"
cik: "0001075736"
company_name: "Crexendo, Inc."
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T22:10:13.981357+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-22-015021
- form_type: 8-K
- ticker: CXDO
- cik: 0001075736
- company_name: Crexendo, Inc.
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1075736/000165495422015021/0001654954-22-015021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1075736/000165495422015021/cxdo_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-22-015021
- JSON: https://secwatch.observer/filing/0001654954-22-015021.json
- Plain text: https://secwatch.observer/filing/0001654954-22-015021.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1075736/000165495422015021/0001654954-22-015021-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.