CXDO Q1 2023 Earnings — Crexendo, Inc. Revenue & Financial Results | Market Cap Arena

CXDOCrexendo, Inc.

$220M

Q1 2023 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$12M+53.1% YoY

Gross Profit

$7M59.4% margin

Operating Income

-$2M-12.6% margin

Net Income

-$2M-12.7% margin

EPS (Diluted)

$-0.06

QoQ Revenue Growth

+9.2%

Cash Flow

Operating Cash Flow

-$2M

Free Cash Flow

-$2M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$54M

Total Liabilities

$13M

Stockholders' Equity

$41M

Cash & Equivalents

$4M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$12M	$8M	+53.1%
Gross Profit	$7M	$5M	+56.5%
Operating Income	-$2M	-$1M	-13.0%
Net Income	-$2M	-$1M	-29.7%

Revenue Segments

Cloud Telecommunications Service

$12M100%