secwatch.observer — SEC 8-K summary
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Issuer:     Crexendo, Inc. (CXDO)
CIK:        0001075736
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001654954-22-015021
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075736/000165495422015021/0001654954-22-015021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075736/000165495422015021/cxdo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-015021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer