secwatch.observer — SEC 8-K summary
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Issuer:     Crexendo, Inc. (CXDO)
CIK:        0001075736
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001654954-25-005142
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crexendo Q1 revenue up 12% to $16.1M; software solutions revenue surges 33%
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- GAAP net income of $1.2M ($0.04 EPS); non-GAAP net income of $2.6M ($0.09 basic EPS).
- Software solutions revenue grew 33% to $6.9M; gross margins expanded to 78% (up 500bps YoY).
- Telecom service revenue up 4% to $8.2M; product revenue declined 22% to $1.0M.
- Adjusted EBITDA of $2.6M vs $2.1M last year; cash increased to $21.2M from $18.2M.
- Surpassed 6 million platform users; Oracle Cloud Infrastructure transition on schedule.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075736/000165495425005142/0001654954-25-005142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075736/000165495425005142/cxdo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-005142

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