secwatch.observer — SEC 8-K summary
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Issuer:     Crexendo, Inc. (CXDO)
CIK:        0001075736
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001654954-23-010479
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075736/000165495423010479/0001654954-23-010479-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075736/000165495423010479/cxdo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-010479

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