secwatch.observer — SEC 8-K summary
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Issuer:     Crexendo, Inc. (CXDO)
CIK:        0001075736
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001654954-24-005694
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075736/000165495424005694/0001654954-24-005694-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075736/000165495424005694/cxdo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-005694

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