Crexendo Q2 revenue $14.7M (+16% YoY); net income $0.6M, vs loss of $0.5M

Crexendo, Inc.

2024-Q2 EPS reported $0.03 revenue$28,971,000

EPS $0.02 vs ($0.02) YoY; non-GAAP EPS $0.08 basic, $0.07 diluted; non-GAAP net income $2.1M (+91%).
Service revenue $8.1M (+10% YoY); software solutions revenue $5.3M (+35% YoY); product revenue $1.3M (-10%).
Adjusted EBITDA $2.2M vs $1.2M YoY; operating expenses +7% to $14.1M.
Cash and cash equivalents $13.6M at June 30, 2024, vs $10.3M at Dec 31, 2023.
Operating cash flow $2.5M vs $(0.7)M used in prior-year period.

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