Crexendo reports Q4 revenue up 24% to $14.2M; FY revenue up 42% to $53.2M

Crexendo, Inc.

Q4 GAAP net income $0.1M ($0.00 EPS) vs loss of $1.33 in Q4 2022; non-GAAP net income $1.6M ($0.06 EPS).
FY 2023 GAAP net loss $(0.4)M ($(0.01) EPS); non-GAAP net income $6.6M ($0.24 diluted EPS).
Cash and equivalents $10.3M at year-end, up from $5.5M; operating cash flow $3.5M.
Platform surpassed 4 million end users (36% surge in 2023); earned Frost & Sullivan 2024 award.
CEO Jeff Korn states acquisition strategy paused in 2023 but anticipates at least one acquisition in 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Crexendo, Inc. reported fourth quarter 2023 results: net income $0.1 million, EPS $0.00 per basic and diluted common share.

Period: fourth quarter 2023
Net income: $0.1 million
EPS: $0.00 per basic and diluted common share
Result: reported results

Exact text from the filing

Fourth quarter revenue increased 24% year-over-year to $14.2 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Crexendo, Inc. reported fourth quarter 2023 results: net income $0.1 million, EPS $0.00 per basic and diluted common share.

Period: fourth quarter 2023
Net income: $0.1 million
EPS: $0.00 per basic and diluted common share
Result: reported results

Exact text from the filing

The Company reported net income of $0.1 million for the fourth quarter of 2023, or $0.00 per basic and diluted common share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Crexendo, Inc. reported full year 2023 results: revenue $53.2 million, net income $(0.4) million, EPS $(0.01) loss per basic and diluted common share.

Period: full year 2023
Revenue: $53.2 million
Net income: $(0.4) million
EPS: $(0.01) loss per basic and diluted common share
Result: reported results

Exact text from the filing

Total revenue for the year increased 42% year-over-year to $53.2 million.

View on SEC.gov

21 earnings releases filed in the last 30 days. Browse all earnings releases →

Crexendo, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-24-002643

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