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Crexendo Inc (CXDO)
NASDAQ:CXDO
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.06Last Year’s EPS
0.06Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 04, 2025
|% Change Since: -5.89%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong positive sentiment with record-breaking revenue growth, sustained profitability, and strategic expansions both domestically and internationally. While there are challenges and uncertainties in the competitive landscape, Crexendo's strategic positioning and operational efficiencies provide a solid foundation for continued success.Company Guidance
During the Crexendo Fourth Quarter and Yearend 2024 Earnings Call, the company provided detailed guidance and metrics showcasing strong growth. Crexendo reported a 15% increase in total revenue for Q4, amounting to $16.2 million, and a 14% increase for the full year to $60.8 million. The software solutions segment saw significant growth, with a 32% increase in Q4 revenue and a 30% increase for the year. The company maintained a GAAP profitability streak for the sixth consecutive quarter, with a net income of $507,000 for Q4 and $1.7 million for the year. Non-GAAP net income was $2 million for the quarter and $7.7 million for the year. Crexendo's cash reserves nearly doubled to $18.2 million, and the remaining performance obligation, or backlog, grew by 34% to $85.6 million. The company emphasized its competitive advantages, such as a flexible sessions-based pricing model, and highlighted disruptions in the market due to Microsoft's Metaswitch division sale, positioning Crexendo for further market share gains. Looking ahead, Crexendo anticipates continued double-digit growth, driven by strategic investments in engineering, service, and support, particularly in Europe.Strong Revenue Growth
Revenue increased by 14% for the year to $60.8 million, with a fourth quarter revenue increase of 15% to $16.2 million.
Record Profitability
Crexendo achieved GAAP profitability for the sixth consecutive quarter and non-GAAP net income for the 25th consecutive quarter. Net income for the year was $1.7 million, with non-GAAP net income of $7.7 million.
Software Solutions Segment Success
The software solutions revenue increased by 30% for the year, reaching $23.4 million, and the segment experienced a 32% growth in the fourth quarter.
International Expansion
The company saw a 39% organic increase in international revenues, particularly in the European Union, Australia, and the first new licensee in Africa.
Awards and Recognition
Crexendo received the 2024 North American Strategy Leadership Award and was recognized by Deloitte Technology Fast 500 as one of the fastest-growing companies in North America.
Operational Efficiency
Cash and cash equivalents increased to $18.2 million from $10.3 million the previous year, and the company reported substantial cost savings from transitioning to a colocation facility and closing legacy data centers.
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CXDO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CXDO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 04, 2025 | $5.77 | $7.16 | +24.09% |
| Nov 06, 2024 | $5.98 | $5.25 | -12.21% |
| Aug 06, 2024 | $4.02 | $3.90 | -2.99% |
| May 07, 2024 | $4.65 | $3.94 | -15.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Crexendo Inc (CXDO) report earnings?
Crexendo Inc (CXDO) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Crexendo Inc (CXDO) earnings time?
Crexendo Inc (CXDO) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CXDO EPS forecast?
CXDO EPS forecast for the fiscal quarter 2025 (Q1) is 0.06.
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