---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-014010"
form_type: "8-K"
ticker: "CXDO"
cik: "0001075736"
company_name: "Crexendo, Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:02:25.963331+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-23-014010
- form_type: 8-K
- ticker: CXDO
- cik: 0001075736
- company_name: Crexendo, Inc.
- filed_at: 2023-11-09T23:59:59+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/1075736/000165495423014010/0001654954-23-014010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1075736/000165495423014010/cxdo_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-014010
- JSON: https://secwatch.observer/filing/0001654954-23-014010.json
- Plain text: https://secwatch.observer/filing/0001654954-23-014010.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1075736/000165495423014010/0001654954-23-014010-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1075736/000165495423014010/0001654954-23-014010-index.htm

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