secwatch.observer — SEC 8-K summary
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Issuer:     Crexendo, Inc. (CXDO)
CIK:        0001075736
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001654954-24-010583
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075736/000165495424010583/0001654954-24-010583-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075736/000165495424010583/cxdo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-010583

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