secwatch.observer — SEC 8-K summary
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Issuer:     Crexendo, Inc. (CXDO)
CIK:        0001075736
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001654954-23-014010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075736/000165495423014010/0001654954-23-014010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075736/000165495423014010/cxdo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-014010

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