Crexendo announces first quarter 2024 results

Phoenix, az / accesswire / may 7, 2024 / crexendo, inc. (nasdaq:cxdo), an award-winning premier provider of cloud communication platform and services, video collaboration and managed it services designed to provide enterprise-class cloud solutions to any size business, today announced financial results for the first quarter ended march 31, 2024. first quarter financial highlights: total revenue increased 14% year-over-year to $14.3 million gaap net income of $434,000, or $0.02 per basic common share and $0.01 per diluted common share non-gaap net income of $1.9 million, or $0.07 per basic common share and $0.06 per diluted common share financial results for the first quarter of 2024 total revenue: consolidated total revenue for the first quarter of 2024 increased 14%, or $1.8 million, to $14.3 million compared to $12.5 million for the first quarter of 2023.
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