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CXDO — Crexendo News Story

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Crexendo Inc Q4 revenue slightly misses estimates

Overview

Software tech firm's Q4 revenue slightly missed analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Company highlights strategic acquisition of ESI to accelerate growth

Outlook

Crexendo did not provide specific future revenue or EPS guidance in press release

Result Drivers

SOFTWARE SOLUTIONS GROWTH - Software solutions revenue increased 18% in Q4

PRODUCT REVENUE DECLINE - Product revenue decreased 6% in Q4

Company press release: ID:nACSdVr4Ha

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 RevenueSlight Miss*$18.10 mln$18.13 mln (6 Analysts)
Q4 Adjusted EPSBeat$0.09$0.08 (6 Analysts)
Q4 Adjusted Net IncomeBeat$2.80 mln$2.31 mln (5 Analysts)
Q4 Net Income$1.20 mln
Q4 Adjusted EBITDABeat$2.80 mln$2.52 mln (6 Analysts)
Q4 EBITDA$2 mln
*Applies to a deviation of less than 1%; not applicable for per-share numbers. Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the it services & consulting peer group is "buy" Wall Street's median 12-month price target for Crexendo Inc is $9.00, about 40.4% above its March 2 closing price of $6.41 The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 20 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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