{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-24-002643","form_type":"8-K","ticker":"CXDO","cik":"0001075736","company_name":"Crexendo, Inc.","filed_at":"2024-03-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.301917+00:00","generated_at":"2026-06-05T03:20:55.994341+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Crexendo reports Q4 revenue up 24% to $14.2M; FY revenue up 42% to $53.2M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-24-002643","json":"https://secwatch.observer/filing/0001654954-24-002643.json","markdown":"https://secwatch.observer/filing/0001654954-24-002643.md","text":"https://secwatch.observer/filing/0001654954-24-002643.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1075736/000165495424002643/0001654954-24-002643-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1075736/000165495424002643/cxdo_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T03:20:55.994341+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1cb910b9149dcd8437702840438d90034415ca5e","claim":"Crexendo, Inc. reported fourth quarter 2023 results: net income $0.1 million, EPS $0.00 per basic and diluted common share.","evidence_excerpt":"Fourth quarter revenue increased 24% year-over-year to $14.2 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1075736/000165495424002643/0001654954-24-002643-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter 2023"},{"label":"Net income","value":"$0.1 million"},{"label":"EPS","value":"$0.00 per basic and diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"1cb910b9149dcd8437702840438d90034415ca5e","claim":"Crexendo, Inc. reported fourth quarter 2023 results: net income $0.1 million, EPS $0.00 per basic and diluted common share.","evidence_excerpt":"The Company reported net income of $0.1 million for the fourth quarter of 2023, or $0.00 per basic and diluted common share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1075736/000165495424002643/0001654954-24-002643-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter 2023"},{"label":"Net income","value":"$0.1 million"},{"label":"EPS","value":"$0.00 per basic and diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"256db88b1b6d8a75203f45248e1b6990f25de75e","claim":"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.","evidence_excerpt":"Total revenue for the year increased 42% year-over-year to $53.2 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1075736/000165495424002643/0001654954-24-002643-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Revenue","value":"$53.2 million"},{"label":"Net income","value":"$(0.4) million"},{"label":"EPS","value":"$(0.01) loss per basic and diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}