Crexendo Earnings Call Transcripts
Fiscal Year 2025
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Delivered double-digit organic growth and sustained profitability, with annual revenue up 12% to $68.2M and net income of $5.1M. Completed the strategic ESI acquisition, expanded AI offerings, and expect continued growth and margin improvements in 2026.
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Q3 2025 saw 12% revenue growth, strong gains in software solutions, and record user adoption. Margins improved, cash reserves grew, and new AI products are expected to drive future revenue. Management projects continued double-digit growth and further margin expansion.
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Revenue grew 13% year-over-year to $16.6M, with software solutions up 31% and telecom services up 4%. Gross margin remained strong, and the company achieved its eighth consecutive quarter of GAAP profitability. Major cost savings are expected in 2026 after U.S. data center migration.
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Q1 2025 saw 12% revenue growth and 33% software segment growth, with gross margin rising to 65% and GAAP net income of $1.2M. The company remains confident in double-digit growth for 2025, driven by innovation, disciplined execution, and market disruption among competitors.
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Four industry catalysts, including major platform disruptions and AI adoption, are fueling rapid growth, with revenue nearing $61 million and over 6 million users supported. Strong financials, a disruptive pricing model, and a focus on both organic and inorganic growth position the company to reach a $100 million run rate by 2026.
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Industry disruption from Cisco and Microsoft is fueling rapid growth, with strong financials and a unique dual wholesale-retail model. AI-driven solutions and a robust acquisition pipeline support a $100 million run rate target by 2026.
Fiscal Year 2024
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Record Q4 and full-year results featured 15% revenue growth, strong profitability, and expanding gross margins. Software solutions surged 30% annually, fueled by market disruption from Cisco and Microsoft, while backlog rose 34% to $85.6 million.
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Q3 2024 saw 13% revenue growth and strong software segment expansion, with continued GAAP profitability and a robust cash position. Customer migrations, new logos, and international wins fueled momentum, while investments in cloud infrastructure and accounting systems set the stage for future growth.
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Revenue grew 16% year-over-year to $14.7M, with net income up 220% and strong margin expansion. Software solutions surged 35%, backlog rose 39% to $71M, and the company expects continued double-digit organic growth, supported by investments in cloud infrastructure.