secwatch.observer — SEC 8-K summary
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Issuer:     Crexendo, Inc. (CXDO)
CIK:        0001075736
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001654954-24-013832
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crexendo Q3 revenue up 13% to $15.6M, but net income drops to $0.1M from $1.7M
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- Revenue of $15.6M (+13% YoY); software solutions revenue $5.9M (+25% YoY).
- GAAP net income of $0.1M ($0.01 basic EPS) vs $1.7M ($0.07) in Q3 2023.
- Non-GAAP net income $1.6M ($0.06) vs $3.3M ($0.13); Adj. EBITDA $1.7M vs $2.1M.
- Cash $15.5M at Sep 30 vs $10.3M at Dec 31, 2023; operating cash flow $4.1M YTD.
- Management guides double-digit revenue growth continuing through Q4 2024 into 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075736/000165495424013832/0001654954-24-013832-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075736/000165495424013832/cxdo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-013832

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