Crexendo Q1 2024 revenue up 14% to $14.3M; GAAP net income of $434k

Crexendo, Inc.

2024-Q1 EPS reported $0.01 revenue$14,286,000

Total revenue $14.3M (+14% YoY); service revenue $7.8M, software solutions $5.1M (+25%), product $1.3M.
GAAP net income $434k ($0.01 diluted EPS) vs. net loss of $1.6M in Q1 2023.
Non-GAAP net income $1.9M ($0.06 diluted EPS) vs. $0.6M a year ago.
Adjusted EBITDA $2.0M vs. $0.7M; operating expenses decreased 2% to $13.8M.
Cash and equivalents $11.0M at March 31, 2024; third consecutive GAAP-profitable quarter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Crexendo, Inc. reported the first quarter ended March 31, 2024 results: revenue $14.3 million, net income $434,000, or $0.02 per basic common share and $0.01 per diluted common share, EPS $0.02 per basic common share and $0.01 per diluted common share.

Period: the first quarter ended March 31, 2024
Revenue: $14.3 million
Net income: $434,000, or $0.02 per basic common share and $0.01 per diluted common share
EPS: $0.02 per basic common share and $0.01 per diluted common share
Result: reported results

Exact text from the filing

size business, today announced financial results for the first quarter ended March 31, 2024. First Quarter Financial highlights: · Total revenue increased 14% year-over-year to $14.3 million · GAAP net income of $434,000, or $0.02 per basic common share and $0.01 per diluted common share · Non-GAAP net income of $1.9 million, or $0.07 per basic common share and $0.06

View on SEC.gov

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

Crexendo, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-24-005694

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.