Crexendo, Inc. (CXDO) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Service revenue	19.5	17.1	14.5		10.5	8.8	7.6
Product revenue	2.9	2.3	1.8		1.4	1.3	1.5
Total revenue	37.6	28.1	16.4	14.4	11.9	10.2	9.1	7.8
Total revenue growth	33.7%	71.4%	13.5%	21.2%	16.9%	11.7%	16.6%	3.0%
Operating expenses:
Cost of service revenue	6.7	5.1	3.8		3.1	2.7	3.0
Cost of product revenue	1.6	1.5	1.1	4.4	0.7	0.5	0.6	3.6
Selling and marketing	11.7	8.3	4.2	3.9	3.4	2.8	2.5	2.4
General and administrative	12.9	10.6	5.1	4.2	4.1	4.1	4.9	5.9
Research and development	4.0	1.4	1.2	0.9	0.8	0.8	0.8	0.8
Total operating expenses	74.9	30.9	15.4	13.3	12.1	10.9	11.9	12.7
Loss from operations	-37.4	-2.8	1.0	1.1	-0.2	-0.7	-2.8	-4.8
Operating margin	-99.6%	-10.0%	6.0%	7.9%	-1.7%	-7.2%	-30.3%	-61.9%

Other income/(expense):
Interest expense	-0.1	-0.1	-0.1	0.0	0.0	-0.2	-0.1	0.0
Other income/(expense), net	-1.3	0.0		0.0	0.0	0.0	0.1	0.3
Total other income/(expense), net	-1.3	0.0	0.9	0.0	0.0	-0.2	0.1	0.3
Income tax benefit/(provision)	0.8	0.5	6.0	0.0
Net loss	-35.4	-2.4	7.9	1.1	-0.2	-0.9	-2.8	-4.5

Earnings per common share:
Basic	($1.54)	($0.12)	$0.50	$0.08	($0.02)	($0.07)	($0.21)	($0.35)
Diluted	($1.54)	($0.12)	$0.46	$0.07	($0.02)	($0.07)	($0.21)	($0.35)

Weighted-average common shares outstanding:

Diluted1	22.9	20.3	17.4	15.6	14.3	13.9	13.4	13.0