Crexendo Q2 2023 revenue up 43% YoY to $12.7M; GAAP net loss narrows to $0.02/share

Crexendo, Inc.

2023-Q2 EPS reported -$0.08 revenue$25,161,000

Total revenue increased 43% YoY to $12.7M; service revenue rose 60% to $7.3M.
GAAP net loss of $545K ($0.02/share) vs. $896K loss ($0.04) in Q2 2022.
Non-GAAP net income of $1.1M ($0.04/share) vs. $512K ($0.02) a year ago.
Adjusted EBITDA nearly doubled to $1.2M from $626K; cash balance $4.2M.
Company completed sale of Tempe property, reducing debt and adding ~$2M cash.

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 0.95

Crexendo, Inc. reported six months ended June 30, 2023 results: revenue $25,161, net income net loss of $(2,127), EPS $(0.08) loss per basic and diluted common share.

Period: six months ended June 30, 2023
Revenue: $25,161
Net income: net loss of $(2,127)
EPS: $(0.08) loss per basic and diluted common share
Result: reported results

Exact text from the filing

Consolidated total revenue for the six months ended June 30, 2023 increased 48%, or $8,157, to $25,161 compared to $17,004 for the six months ended June 30, 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Crexendo, Inc. reported second quarter ended June 30, 2023 results: revenue $12,670, net income loss of $(545), EPS $(0.02) per basic and diluted common share.

Period: second quarter ended June 30, 2023
Revenue: $12,670
Net income: loss of $(545)
EPS: $(0.02) per basic and diluted common share
Result: reported results

Exact text from the filing

Financial Results for the Second Quarter of 2023 (in thousands, except per share data) Consolidated total revenue for the second quarter of 2023 increased 43%, or $3,824, to $12,670 compared to $8,846 for the second quarter of 2022. Consolidated service revenue for the second quarter of 2023 increased 60%, or $2,752, to $7,308 compared to $4,556 for the

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Crexendo, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-23-010479

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