CXDO Q2 2023 Earnings — Crexendo, Inc. Revenue & Financial Results | Market Cap Arena

CXDOCrexendo, Inc.

$220M

Q2 2023 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$13M+43.2% YoY

Gross Profit

$7M58.4% margin

Operating Income

-$517,000-4.1% margin

Net Income

-$545,000-4.3% margin

EPS (Diluted)

$-0.02

QoQ Revenue Growth

+1.4%

Cash Flow

Operating Cash Flow

$881,000

Free Cash Flow

$798,000

Stock-Based Comp.

$855,000

Balance Sheet

Total Assets

$54M

Total Liabilities

$13M

Stockholders' Equity

$41M

Cash & Equivalents

$4M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$13M	$9M	+43.2%
Gross Profit	$7M	$6M	+25.3%
Operating Income	-$517,000	-$852,000	+39.3%
Net Income	-$545,000	-$896,000	+39.2%

Revenue Segments

Cloud Telecommunications Service

$13M100%