secwatch.observer — SEC 8-K summary
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Issuer:     Crexendo, Inc. (CXDO)
CIK:        0001075736
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001654954-26-004361
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crexendo Q1 revenue up 29% to $20.7M; GAAP EPS $0.02, non-GAAP EPS $0.10
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- GAAP net income of $0.6M ($0.02 EPS) vs $1.2M ($0.04) YoY; non-GAAP net income $3.3M ($0.10) vs $2.7M ($0.10).
- Service revenue +29% to $10.6M; Software Solutions +12% to $7.7M; Product revenue +141% to $2.4M.
- Adjusted EBITDA rose to $3.2M from $2.7M; operating expenses up 36% to $20.3M.
- Cash used in investing $26.2M (ESI acquisition); cash balance fell to $7.2M from $31.4M at Dec 2025.
- ESI acquisition contributed one month, performing ahead of expectations; company reaffirms path to $100M annual revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075736/000165495426004361/0001654954-26-004361-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075736/000165495426004361/cxdo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-004361

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