---
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"
generated_at: "2026-06-02T15:50:34.206112+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-005694
- JSON: https://secwatch.observer/filing/0001654954-24-005694.json
- Plain text: https://secwatch.observer/filing/0001654954-24-005694.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1075736/000165495424005694/0001654954-24-005694-index.htm

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