---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-006017"
form_type: "8-K"
ticker: "CXDO"
cik: "0001075736"
company_name: "Crexendo, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T07:59:59.776999+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Crexendo Q1 revenue up 53% to $12.5M; non-GAAP net income $625k

## Summary
- Total revenue $12.5M (+53% YoY); service revenue $7.2M (+63%), software solutions $4.1M (+26%).
- GAAP net loss $(1.6)M ($0.06 loss/share); non-GAAP net income $625k ($0.02/share).
- Adjusted EBITDA $749k vs. $302k in Q1 2022; cash and equivalents $3.7M at March 31, 2023.
- Allegiant Networks acquisition contributed $3.1M to revenue and $2.6M to service revenue in the quarter.
- CEO cites strong organic growth in Software Solutions and focus on profitability and expense cuts.

## SEC filing metadata
- accession: 0001654954-23-006017
- form_type: 8-K
- ticker: CXDO
- cik: 0001075736
- company_name: Crexendo, Inc.
- filed_at: 2023-05-09T23:59:59+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/1075736/000165495423006017/0001654954-23-006017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1075736/000165495423006017/cxdo_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-006017
- JSON: https://secwatch.observer/filing/0001654954-23-006017.json
- Plain text: https://secwatch.observer/filing/0001654954-23-006017.txt

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