Crexendo, Inc. — Form 8-K
Filed November 3, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
Crexendo reported Q3 2026 revenue of $25.2M (up 44% YoY) and GAAP net income of $1.1M ($0.03/share). The company acquired ESI for $26.2M in cash, with $7.4M in stock consideration, funded via $4.9M in new debt and existing cash. Service revenue surged 75% to $15.1M; software solutions grew 2% to $7.7M. Cash declined from $31.4M (Dec 2025) to $22.8M (Sept 2026). Non-GAAP net income was $4.0M ($0.12/share); adjusted EBITDA $4.0M vs. $2.9M prior year.
Why this rating
Revenue +44% and platform logos +14% YTD are strong; ESI acquisition material at ~$26M (~26% of current market cap). Cash burn risk—$8.5M decline nine-month to-date—offsets growth. Profitability maintained but margin pressured by 49% operating expense increase.
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