Lake Street raised the firm’s price target on Crexendo (CXDO) to $9 from $8.50 and keeps a Buy rating on the shares. Picking up ESI for $35M marks the company’s biggest acquisition since 2021 and while this is a bigger target than Crexendo’s typical $5M-$10M reseller deal, the firm believes “they got the asset for a good price,” says the analyst, who adds that the firm believes the company’s greater scale will come with improved leverage. Published first on TheFly – the ultimate source for real-time, mar ...

Crexendo (CXDO) reported $18.06 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 11.5%. EPS of $0.09 for the same period compares to $0.06 a year ago.The reported revenue represents a surprise of +1.3% over the Zacks Consensus Estimate of $17.83 million. With the consensus EPS estimate being $0.08, the EPS surprise was +20%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...

President and COO Doug Gaylor said the fourth quarter also represented the company’s 29th consecutive quarter of non-GAAP net income. Gaylor added that the company surpassed both the 6 million and 7 million end-user milestones on its software platform during 2025.For 2025, Crexendo reported revenue of $68.2 million, up 12% year-over-year organically, along with net income of $5.1 million and non-GAAP income of $11.4 million. Fourth-quarter revenue rose 11% to $18.1 million, with net income of $1.2 million a ...

Crexendo (NasdaqCM:CXDO) Q4 2025 Earnings call March 03, 2026 04:30 PM ET Company ParticipantsDoug Gaylor - President and COOEric Martinuzzi - Founding Partner an COOGeorge Sutton - Partner and Co-Director of ResearchJeff Korn - CEO and Chairman of the BoardJon D. Brinton - Chief Revenue OfficerMatt Maus - Equity Research AssociateRon Vincent - CFOConference Call ParticipantsJoshua Reilly - Managing Director and Senior Research AnalystMike Latimore - Managing Director and Equity AnalystOperatorPlease note, ...

Crexendo (NasdaqCM:CXDO) Q4 2025 Earnings call March 03, 2026 04:30 PM ET Company ParticipantsDoug Gaylor - President and COOEric Martinuzzi - Founding Partner an COOGeorge Sutton - Partner and Co-Director of ResearchJeff Korn - CEO and Chairman of the BoardJon D. Brinton - Chief Revenue OfficerMatt Maus - Equity Research AssociateRon Vincent - CFOConference Call ParticipantsJoshua Reilly - Managing Director and Senior Research AnalystMike Latimore - Managing Director and Equity AnalystOperatorPlease note, ...

Financial Data and Key Metrics Changes - In 2025, the company generated a net income of $5.1 million and non-GAAP income of $11.4 million on revenue of $68.2 million, representing a 12% year-over-year organic growth [6][19] - Fourth quarter revenue increased 11% to $18.1 million, with net income of $1.2 million and non-GAAP net income of $2.8 million, marking the 10th consecutive GAAP profitable quarter [6][14] - Operating expenses for the quarter increased 8% to $16.9 million, while the operating margin improved to 6% from 4% year-over-year [16] Business Line Data and Key Metrics Changes - Service revenue for the year increased 6% to $33.8 million, while software solutions revenue increased 27% to $29.7 million [18] - Product revenue for the year decreased 16% to $4.7 million, with service revenue gross margins decreasing by 1% year-over-year to 58% [18] - The software solutions segment grew at 18% for the quarter and saw 28% organic growth for 2025 [23] Market Data and Key Metrics Changes - The telecom services retail segment grew at 5% organically for the quarter, with telecom services revenue up 8% organically [26] - The master agent technology service distributors saw a 46% increase in sales bookings year-over-year, indicating strong demand for offerings [26] Company Strategy and Development Direction - The company aims to reach a $100 million annual revenue run rate by the end of 2026, supported by the recent acquisition of ESI [32] - The acquisition of ESI for $35 million is expected to enhance revenue, earnings, and cash flow, with a focus on operational efficiencies and cross-selling opportunities [8][10] - The company is committed to investing in AI, security, and infrastructure to maintain a competitive edge in the rapidly evolving cloud communication market [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving double-digit organic growth while making necessary investments in the business [62] - The company anticipates continued strong demand for its product offerings, driven by a unique pricing and support model [25] - Management highlighted the importance of AI solutions in enhancing business efficiency and profitability for small and mid-sized businesses [29] Other Important Information - The company completed the migration of all legacy hosted infrastructure to Oracle Cloud Infrastructure, which is expected to improve margins going forward [22] - The Remaining Performance Obligations increased to $89.1 million, indicating a strong future revenue stream [27] Q&A Session Summary Question: Impact of ESI acquisition on customer acquisition costs - Management indicated that the acquisition would not significantly impact customer acquisition costs, as they expect similar costs to organic customer acquisition [37][39] Question: Free cash flow expectations for 2026 - Management stated there are no anticipated large capital improvements that would impact free cash flow, expecting similar conversion rates from adjusted EBITDA [44] Question: Demand environment for new licensees - Management reported strong partner interest and demand for the platform, with many potential new licensees considering the transition from legacy platforms [46] Question: Sustainability of service gross margin increase - Management expressed confidence that the current gross margin percentage is sustainable, although no further increases are projected at this time [53] Question: Applicability of AI Receptionist to customer base - Management believes the AI Receptionist is applicable to almost all customers, with strong early feedback and interest from the community [54][56]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025: Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Crexendo, Inc. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation or Organization) File Number) Identification No.) Nevada 00 ...

EX-99.1 2 cxdo_ex991.htm PRESS RELEASE EXHIBIT 99.1 Crexendo Announces Strong Fourth Quarter and Fiscal Year 2025 Results PHOENIX, AZ / ACCESSWIRE / March 3, 2026 / Crexendo, Inc. (NASDAQ: CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communications as a service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced financial results for the f ...

PHOENIX, ARIZONA / ACCESS Newswire / March 2, 2026 / Crexendo®, Inc. (NASDAQ:CXDO), ("Crexendo" or the "Company"), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communications as a service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced that it has completed the acquisition of Estech Systems, LLC ("ESI"), a highly respected provider of cloud c ...

PHOENIX, ARIZONA / ACCESS Newswire / February 25, 2026 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communications as a service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced their partnership with AppDirect, a Technology Service Distributor that connects businesses to the technology services they need to ope ...