secwatch.observer — SEC 8-K summary
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Issuer:     Crexendo, Inc. (CXDO)
CIK:        0001075736
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0001654954-24-002643
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075736/000165495424002643/0001654954-24-002643-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075736/000165495424002643/cxdo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-002643

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