Crexendo announces third quarter 2023 results

Phoenix, az / accesswire / november 9, 2023 / 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 third quarter ended september 30, 2023. third quarter financial highlights: total revenue increased 52% year-over-year to $13.9 million gaap net income of $1.7 million, or $0.07 per basic common share and $0.06 per diluted common share non-gaap net income of $3.3 million, or $0.13 per basic common share and $0.12 per diluted common share financial results for the third quarter of 2023 (in thousands, except per share data) consolidated total revenue for the third quarter of 2023 increased 52%, or $4.7 million, to $13.9 million compared to $9.1 million for the third quarter of 2022.
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