---
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"
generated_at: "2026-06-05T03:20:55.994341+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-002643
- JSON: https://secwatch.observer/filing/0001654954-24-002643.json
- Plain text: https://secwatch.observer/filing/0001654954-24-002643.txt

## Key facts
- Earnings Releases
  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
  source text: Fourth quarter revenue increased 24% year-over-year to $14.2 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1075736/000165495424002643/0001654954-24-002643-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1075736/000165495424002643/0001654954-24-002643-index.htm
- Earnings Releases
  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
  source text: Total revenue for the year increased 42% year-over-year to $53.2 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1075736/000165495424002643/0001654954-24-002643-index.htm

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