Crexendo Q3 revenue up 52% to $13.9M; reports GAAP net income of $1.7M

Crexendo, Inc.

2023-Q3 EPS reported -$0.02 revenue$39,035,000

Total revenue $13.9M, up 52% YoY; service revenue $7.5M, up 68%.
GAAP net income $1.7M ($0.06 diluted EPS) vs net loss $0.7M in Q3 '22.
Non-GAAP net income $3.3M ($0.12 diluted) vs $0.7M in prior-year quarter.
Adjusted EBITDA $2.1M, up from $0.9M; cash and equivalents $7.7M at quarter-end.
CEO cites record demand, exceeding 3.5M platform users, and new CPaaS/API/AI features.

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 0.9

Crexendo, Inc. reported the third quarter ended September 30, 2023 results: revenue $13.9 million, net income $1.7 million, EPS $0.06 per diluted common share.

Period: the third quarter ended September 30, 2023
Revenue: $13.9 million
Net income: $1.7 million
EPS: $0.06 per diluted common share
Result: reported results

Exact text from the filing

business, today announced financial results for the third quarter ended September 30, 2023. Third Quarter Financial highlights: · Total revenue increased 52% year-over-year to $13.9 million · GAAP net income of $1.7 million, or $0.07 per basic common share and $0.06 per diluted common share · Non-GAAP net income of $3.3 million, or $0.13 per basic common share and

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Crexendo, Inc. reported the nine months ended September 30, 2023 results: revenue $39.0 million, net income $(0.4) million, EPS $(0.02) loss per basic and diluted common share.

Period: the nine months ended September 30, 2023
Revenue: $39.0 million
Net income: $(0.4) million
EPS: $(0.02) loss per basic and diluted common share
Result: reported results

Exact text from the filing

Financial Results for the nine months ended September 30, 2023 (in thousands, except per share data) Consolidated total revenue for the nine months ended September 30, 2023 increased 49%, or $12.9 million, to $39.0 million compared to $26.1 million for the nine months ended September 30, 2022.

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Crexendo, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-23-014010

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