Crexendo, Inc. WKN: A1JA84 ISIN: US2265521078 Kürzel: IGC Forum: Aktien User: Solix

$CXDO Crexendo reports Q4 EPS 6c, consensus 5c Reports Q4 revenue $16.2M, consensus $15.64M. "Crexendo delivered another outstanding performance in the fourth quarter and full year of 2024, with double-digit revenue growth, GAAP profitability, and strong cash flow. These results are due to the continued efforts of our team, who continue to deliver strong efforts and results. I am extremely excited by our results across the board. We are seeing tremendous growth in our software solutions segment, which grew 30% year over year fueled by many opportunities being created by our two largest competitors in that sector, Cisco and Microsoft, not focusing on and enhancing that part of their business. In fact, Microsoft recently announced the sale of its Metaswitch platform division, causing further instability and concern in the industry. This disruption plays to our strengths-a highly stable, adaptable platform backed by a long history of reliability. We believe this continued upheaval presents a significant opportunity for us. Additionally, we are seeing strong momentum in our telecom services sales, with continued growth driven by the integration of artificial intelligence applications designed to support small, mid-size, and enterprise-level customers," said Jeff Korn, Crexendo CEO.

Total Revenue: Consolidated total revenue for the fourth quarter of 2024 increased 15%, or $2.0 million, to $16.2 million compared to $14.2 million for the fourth quarter of 2023. Service Revenue: Consolidated service revenue for the fourth quarter of 2024 increased 4%, or $0.3 million, to $8.0 million compared to $7.7 million for the fourth quarter of 2023. Software Solutions Revenue: Consolidated software solutions revenue for the fourth quarter of 2024 increased 32%, or $1.7 million, to $7.0 million compared to $5.3 million for the fourth quarter of 2023. Product Revenue: Consolidated product revenue for the fourth quarter of 2024 increased 4%, or less than $0.1 million, to $1.2 million compared to $1.2 million for the fourth quarter of 2023. Operating Expenses: Consolidated operating expenses for the fourth quarter of 2024 increased 11%, or $1.5 million, to $15.6 million compared to $14.1 million for the fourth quarter of 2023. Net Income/(Loss): The Company reported net income of $0.5 million for the fourth quarter of 2024, or $0.02 per basic and diluted common share, compared to net income of $0.1 million, or $0.00 per basic and diluted common share for the fourth quarter of 2023. Non-GAAP: Non-GAAP net income of $2.0 million for the fourth quarter of 2024, or $0.07 per basic common share and $0.06 per diluted common share, compared to non-GAAP net income of $1.6 million or $0.06 per basic and diluted common share, for the fourth quarter of 2023. EBITDA and Adjusted EBITDA: EBITDA for the fourth quarter of 2024 of $1.5 million compared to $0.9 million for the fourth quarter of 2023. Adjusted EBITDA for the fourth quarter of 2024 of $2.2 million compared to $1.7 million for the fourth quarter of 2023. Financial Results for the Full Year 2024 Total Revenue: Consolidated total revenue for the year ended December 31, 2024 increased 14%, or $7.6 million, to $60.8 million compared to $53.2 million for the year ended December 31, 2023. Service Revenue: Consolidated service revenue for the year ended December 31, 2024 increased 7%, or $2.1 million, to $31.8 million compared to $29.7 million for the year ended December 31, 2023.

$CXDO reports record Q4 and FY 2024 results with revenue of $16.2M (up 15% YoY) and $60.8M (up 14% YoY), respectively. Net income for the year reached $1.7M, while non-GAAP net income stood at $7.7M. Software solutions revenue surged 30% YoY to $23.4M. Cash and equivalents grew to $18.2M, reflecting strong operational cash flow of $6.3M. CEO Jeff Korn highlights growth opportunities amid industry disruptions. https://www.sec.gov/Archives/edgar/data/1075736/000165495425002284/cxdo_8k.htm

https://www.crexendo.com/blog/crexendo-selected-by-akabis-as-replacement-for-microsoft-metaswitch-platform/

ℹ Crexendo, Inc. ist ein Anbieter von Cloud-Kommunikationsplattformen und -diensten, Video Collaboration und Managed Information Technology (IT) Services. Das Unternehmen ist in zwei Segmenten tätig: Cloud-Telekommunikationsdienste und Softwarelösungen. Das Segment Cloud-Telekommunikationsdienste überträgt Anrufe mit Hilfe des Internetprotokolls (IP) oder der Cloud-Technologie, die Sprachsignale in digitale Datenpakete für die Übertragung über das Internet oder die Cloud umwandelt. Das Angebot des Segments Cloud-Telekommunikationsservice umfasst Hardware, Software und IP- oder Cloud-Technologie über eine Internetverbindung. Der Cloud-Telekommunikationsservice bietet eine Vielzahl grundlegender und fortschrittlicher Funktionen für Unternehmen jeder Größe. Das Segment Software Solutions bietet eine umfassende Suite von Unified Communications (UC), Videokonferenzen, Collaboration- und Contact Center-Lösungen. Das Segment Softwarelösungen bietet Softwarelizenzen, Softwarewartungssupport und professionelle Dienstleistungen an. Mitarbeiterzahl : 179