{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-24-005694","form_type":"8-K","ticker":"CXDO","cik":"0001075736","company_name":"Crexendo, Inc.","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.191270+00:00","generated_at":"2026-06-02T15:50:34.206112+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Crexendo Q1 2024 revenue up 14% to $14.3M; GAAP net income of $434k","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-24-005694","json":"https://secwatch.observer/filing/0001654954-24-005694.json","markdown":"https://secwatch.observer/filing/0001654954-24-005694.md","text":"https://secwatch.observer/filing/0001654954-24-005694.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1075736/000165495424005694/0001654954-24-005694-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1075736/000165495424005694/cxdo_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T15:50:34.206112+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":"7b7d2a464252537abf9224efa2d22d24d82008aa","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1075736/000165495424005694/0001654954-24-005694-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$14.3 million"},{"label":"Net income","value":"$434,000, or $0.02 per basic common share and $0.01 per diluted common share"},{"label":"EPS","value":"$0.02 per basic common share and $0.01 per 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"}