Crexendo, Inc. — Earnings Quality Grade C
CXDO · Communication Services
Some red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 26 days, change +0 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 12.0%, CFFO 47.9%. Cash follows revenue
Expense Quality
Inventory 15.5% vs COGS 9.4%. Normal
CapEx growth -33.3% vs revenue 12.0%. Normal
SG&A/Gross Profit = 75.7%, exceeds 70%
Gross margin 62.9%, change +0.9pp. Stable
Cash Flow Quality
CFFO/NI = 1.83. Profits backed by cash
FCF $0.0B, FCF/NI = 1.83
Accruals ratio = -5.4%. Low accruals
Cash $0.0B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 43% of equity
Debt/EBITDA = 0.1x. Healthy
Other assets -34.9% vs revenue 12.0%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -9% YoY. Normal
Manipulation Score
M-Score = -2.66 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25