Software firm Crexendo's Q2 revenue beats analyst expectations

Crexendo

05/08/2025 21:12

Overview

Crexendo Q2 revenue rises 13% yr/yr, beating analyst expectations

Non-GAAP net income for Q2 beats estimates, reaching $2.9 mln

Adjusted EBITDA for Q2 exceeds expectations

Outlook

Crexendo aims to accelerate telecom services revenue through profitable sales initiatives

Company plans to expand Oracle Cloud Infrastructure presence for future growth

Crexendo remains focused on strategic, accretive acquisitions to enhance growth

Company well-positioned for growth with robust cash position of $23.5 mln

Result Drivers

SOFTWARE SOLUTIONS - 31% growth in software solutions revenue drives overall revenue increase, per CEO Jeff Korn

STRATEGIC INITIATIVES - Closing international data centers and expanding Oracle Cloud Infrastructure presence to maintain cost discipline

CASH POSITION - Robust cash position of $23.5 mln supports continued growth and strategic investments

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$16.60 mln
$16.20 mln (6 Analysts)
Q2 Adjusted Net Income
Beat
$2.90 mln
$1.66 mln (6 Analysts)
Q2 Net Income
$1.20 mln
Q2 Adjusted EBITDA
Beat
$2.80 mln
$1.87 mln (6 Analysts)
Q2 EBITDA
$2 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 $8.00, about 26.6% above its August 4 closing price of $5.87

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nACSMDRX5a

(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.)