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Crexendo Inc (CXDO)
NASDAQ:CXDO
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.05Last Year’s EPS
$0.06Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -12.88%
|Next Earnings Date:Mar 11, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance with significant revenue growth, profitability, and cash flow improvements. There were substantial achievements in international expansion and strategic wins, despite challenges in product margins, increased operating expenses, and a decline in net income. Overall, the positive aspects outweighed the negatives.Company Guidance
In the third quarter of 2024 earnings call for Crexendo (CXDO), the company provided optimistic guidance, highlighting their substantial growth and strategic investments. Crexendo reported a 13% year-over-year revenue increase, reaching $15.6 million, with the software division alone seeing a 25% growth. The company maintained GAAP profitability for the fifth consecutive quarter, achieving a GAAP net income of $1.2 million and a non-GAAP net income of $5.7 million for the first nine months of 2024. Their backlog grew to $77.4 million, signaling strong future demand. Crexendo is investing in Oracle Cloud Infrastructure and an advanced accounting system to bolster their competitive edge, particularly in Europe, where they anticipate significant growth. They continue to focus on migrating customers to their VIP system, which is expected to result in cost savings by closing six data centers. Looking forward, Crexendo anticipates maintaining double-digit organic growth, with strategic acquisitions poised to enhance their EBITDA further.Strong Revenue Growth
Consolidated revenue grew 13% year-over-year, with the software division experiencing a remarkable 25% growth.
Profitability and Cash Flow
GAAP profitability for the fifth consecutive quarter, non-GAAP net income for the 24th consecutive quarter, and cash flow increased to $15.5 million, up 200% year-over-year.
Successful User Group Meeting
Largest user group meeting to date, featuring new AI offerings and significant excitement and support from licensees.
International Expansion
Achieved international wins in Australia and Africa, with robust growth expected in Europe due to Oracle Cloud Infrastructure investments.
Strategic Wins and New Logos
8 new logos in the quarter, with significant wins from former Cisco and Microsoft clients transitioning to Crexendo.
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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 |
|---|---|---|---|
| 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% |
| Mar 05, 2024 | $5.36 | $5.94 | +10.82% |
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 Mar 11, 2025, TBA Not Confirmed.
What is Crexendo Inc (CXDO) earnings time?
Crexendo Inc (CXDO) earnings time is at Mar 11, 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 2024 (Q4) is $0.05.
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