---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-010479"
form_type: "8-K"
ticker: "CXDO"
cik: "0001075736"
company_name: "Crexendo, Inc."
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T16:23:11.319034+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-23-010479
- form_type: 8-K
- ticker: CXDO
- cik: 0001075736
- company_name: Crexendo, Inc.
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1075736/000165495423010479/0001654954-23-010479-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1075736/000165495423010479/cxdo_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-010479
- JSON: https://secwatch.observer/filing/0001654954-23-010479.json
- Plain text: https://secwatch.observer/filing/0001654954-23-010479.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1075736/000165495423010479/0001654954-23-010479-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1075736/000165495423010479/0001654954-23-010479-index.htm

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