Crexendo Q3 revenue beats estimates on strength in software solutions business

Crexendo

04/11/2025 21:08

Overview

Crexendo Q3 2025 revenue grows 12% yr/yr, beating analyst expectations

Adjusted net income for Q3 2025 beats analyst estimates, reflecting strong operational performance

Software solutions revenue grows 28%, highlighting platform strength

Outlook

Crexendo did not provide specific future financial guidance in the statement

Result Drivers

SOFTWARE SOLUTIONS GROWTH - 28% increase in software solutions revenue underscores platform strength and value to customers

SERVICE REVENUE INCREASE - 8% rise in service revenue reflects ongoing demand, with confidence in continued growth

AI AND CLOUD INVESTMENTS - Investments in AI-driven capabilities and Oracle Cloud Infrastructure are creating growth momentum

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$17.50 mln
$17 mln (7 Analysts)
Q3 Adjusted Net Income
Beat
$3 mln
$2.21 mln (6 Analysts)
Q3 Net Income
$1.50 mln
Q3 Adjusted EBITDA
Beat
$2.90 mln
$2.20 mln (6 Analysts)
Q3 EBITDA
$2.10 mln


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 22.4% above its November 3 closing price of $6.98

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nACS7tfzwa

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(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.)