Company Overview - Crexendo (CXDO) shares increased by 15.1% to $5.11 in the last trading session, with a higher-than-average trading volume, contrasting with a 0.5% loss over the past four weeks [1] - The company is experiencing strong demand for its Software Solutions and Telecom Services [1] Earnings Expectations - Crexendo is expected to report quarterly earnings of $0.05 per share, reflecting a year-over-year decline of 58.3% [2] - Revenue is anticipated to be $15.07 million, which is an increase of 8.7% compared to the same quarter last year [2] Stock Performance Insights - The consensus EPS estimate for Crexendo has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [3] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [3] Industry Comparison - Crexendo operates within the Zacks Internet - Services industry, where Lyft (LYFT) also belongs [3] - Lyft's consensus EPS estimate has increased by 16.7% over the past month to $0.19, although this still represents a year-over-year decline of 20.8% [4] - Lyft also holds a Zacks Rank of 3 (Hold) [4]

Crexendo (NASDAQ: CXDO ) stock was firing on all cylinders last year, gaining upwards of 104%. Over the past six months, though, the stock has hit a lull, but its fundamentals remain as strong as ever. Hence, the stock now Muslim Farooque is a leading financial journalist and market analyst with over five years of expertise in covering the stock and cryptocurrency markets. His work has been widely featured on platforms such as Seeking Alpha, InvestorPlace, GuruFocus, BarCharts, TipRanks, and Equities, reach ...

[Financial Highlights](index=1&type=section&id=Financial%20Highlights) Crexendo achieved significant financial growth in Q2 and H1 2024, marked by strong revenue increases, a turnaround to net income, and improved cash position [Financial Results for the Second Quarter of 2024](index=1&type=section&id=Financial%20Results%20for%20the%20Second%20quarter%20of%202024) Q2 2024 saw Crexendo's total revenue increase by 16% to $14.7 million, driven by 35% growth in Software Solutions, achieving a net income of $0.6 million Q2 2024 Key Financial Metrics (YoY) | Metric | Q2 2024 | Q2 2023 | Change | | :--- | :--- | :--- | :--- | | **Total Revenue** | **$14.7M** | **$12.7M** | **+16%** | | Service Revenue | $8.1M | $7.3M | +10% | | Software Solutions Revenue | $5.3M | $3.9M | +35% | | Product Revenue | $1.3M | $1.4M | -10% | | **Net Income/(Loss)** | **$0.6M** | **($0.5M)** | **+220%** | | **EPS (basic & diluted)** | **$0.02** | **($0.02)** | **+200%** | | Non-GAAP Net Income | $2.1M | $1.1M | +91% | | Adjusted EBITDA | $2.2M | $1.2M | +78% | [Financial Results for the Six Months Ended June 30, 2024](index=1&type=section&id=Financial%20Results%20for%20the%20six%20months%20ended%20June%2030%2C%202024) For H1 2024, total revenue grew 15% to $29.0 million, with Software Solutions up 30%, resulting in a net income of $1.0 million and increased cash balance Six Months 2024 Key Financial Metrics (YoY) | Metric | H1 2024 | H1 2023 | Change | | :--- | :--- | :--- | :--- | | **Total Revenue** | **$29.0M** | **$25.2M** | **+15%** | | Service Revenue | $15.9M | $14.5M | +10% | | Software Solutions Revenue | $10.5M | $8.0M | +30% | | **Net Income/(Loss)** | **$1.0M** | **($2.1M)** | **N/A** | | **EPS (basic)** | **$0.04** | **($0.08)** | **N/A** | | Non-GAAP Net Income | $4.0M | $1.7M | +135% | | Adjusted EBITDA | $4.2M | $2.0M | +110% | - Cash and cash equivalents increased to **$13.6 million** at June 30, 2024, from **$10.3 million** at December 31, 2023[6](index=6&type=chunk) - Cash provided by operating activities was **$2.5 million** for the first six months of 2024, compared to cash used of **$(0.7) million** in the prior-year period[7](index=7&type=chunk) [Management Commentary](index=2&type=section&id=Management%20Commentary) Management attributes strong Q2 2024 results, exceeding expectations, to robust software performance, effective cost management, and increased cash for future growth - Q2 2024 results exceeded analyst expectations, with consolidated revenue growing **16%** YoY[8](index=8&type=chunk) - The software division was a key performer, with **35% growth**, indicating strong market demand for its platforms[8](index=8&type=chunk) - A remarkable turnaround from a net loss of **$(0.5) million** in Q2 2023 to a net income of **$0.6 million** in Q2 2024 is attributed to effective cost management and operational efficiencies implemented in late 2023[9](index=9&type=chunk) - The company's cash balance increased to **$13.6 million**, providing flexibility for investment and strengthening its market position[9](index=9&type=chunk) [Consolidated Financial Statements](index=3&type=section&id=Consolidated%20Financial%20Statements) This section presents Crexendo's financial position, operational performance, and cash flows, highlighting key metrics from the balance sheet, income statement, and cash flow statement [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2024, total assets reached $59.6 million, driven by increased cash, with total liabilities stable at $11.5 million and equity rising to $48.2 million Balance Sheet Highlights (in thousands) | Account | June 30, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | **Cash and cash equivalents** | **$13,611** | **$10,347** | | Total current assets | $21,885 | $16,949 | | **Total Assets** | **$59,639** | **$56,160** | | Total current liabilities | $10,441 | $10,261 | | **Total Liabilities** | **$11,451** | **$11,547** | | **Total stockholders' equity** | **$48,188** | **$44,613** | [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 2024 total revenue increased 16% to $14.7 million, resulting in an operating income of $0.6 million and net income of $0.6 million, or $0.02 per share Statement of Operations Summary (in thousands, except per share data) | Metric | Q2 2024 | Q2 2023 | H1 2024 | H1 2023 | | :--- | :--- | :--- | :--- | :--- | | **Total revenue** | **$14,685** | **$12,670** | **$28,971** | **$25,161** | | Gain/(loss) from operations | $580 | $(517) | $1,063 | $(2,091) | | **Net income/(loss)** | **$588** | **$(545)** | **$1,022** | **$(2,127)** | | **EPS (Basic)** | **$0.02** | **$(0.02)** | **$0.04** | **$(0.08)** | | **EPS (Diluted)** | **$0.02** | **$(0.02)** | **$0.03** | **$(0.08)** | [Condensed Consolidated Statements of Cash Flows](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For H1 2024, cash from operating activities was $2.5 million, leading to a net increase in cash of $3.3 million and an end-of-period balance of $13.6 million Cash Flow Summary for Six Months Ended June 30 (in thousands) | Activity | 2024 | 2023 | | :--- | :--- | :--- | | Net cash provided by/(used for) operating activities | $2,486 | $(673) | | Net cash used for investing activities | $0 | $(92) | | Net cash provided by/(used for) financing activities | $778 | $(486) | | **Net increase/(decrease) in cash** | **$3,264** | **$(1,275)** | | **Cash and cash equivalents at end of period** | **$13,611** | **$4,200** | [Supplemental and Non-GAAP Information](index=6&type=section&id=Supplemental%20and%20Non-GAAP%20Information) This section details segment performance and reconciles GAAP to Non-GAAP financial measures, including Non-GAAP net income and Adjusted EBITDA, for a comprehensive view of operational results [Supplemental Segment Financial Data](index=6&type=section&id=Supplemental%20Segment%20Financial%20Data) Q2 2024 segment performance shows Cloud Telecommunications Services with $9.4 million revenue and $0.1 million operating income, and Software Solutions with $5.3 million revenue and $0.5 million operating income Segment Performance for Q2 2024 vs Q2 2023 (in thousands) | Segment | Revenue (Q2'24) | Revenue (Q2'23) | Operating Income/(Loss) (Q2'24) | Operating Income/(Loss) (Q2'23) | | :--- | :--- | :--- | :--- | :--- | | Cloud telecommunications services | $9,360 | $8,740 | $120 | $(207) | | Software solutions | $5,325 | $3,930 | $460 | $(310) | [Reconciliation of Non-GAAP Financial Measures](index=6&type=section&id=Reconciliation%20of%20Non-GAAP%20Financial%20Measures) This section reconciles GAAP net income to Non-GAAP net income of $2.1 million and Adjusted EBITDA of $2.2 million for Q2 2024, adjusting for non-cash items - The company uses Non-GAAP measures like **Non-GAAP net income** and **Adjusted EBITDA** to evaluate business performance, excluding effects of share-based compensation, amortization, and acquisition-related expenses[20](index=20&type=chunk) Reconciliation of GAAP Net Income to Non-GAAP Net Income (Q2 2024, in thousands) | Metric | Amount | | :--- | :--- | | U.S. GAAP net income | $588 | | Share-based compensation | $784 | | Amortization of intangible assets | $758 | | **Non-GAAP net income** | **$2,130** | Reconciliation of GAAP Net Income to Adjusted EBITDA (Q2 2024, in thousands) | Metric | Amount | | :--- | :--- | | U.S. GAAP net income | $588 | | Depreciation and amortization | $836 | | Interest & other expense/(income) | $(35) | | Income tax provision | $27 | | **EBITDA** | **$1,416** | | Share-based compensation | $784 | | **Adjusted EBITDA** | **$2,200** |

Core Viewpoint - Crexendo (CXDO) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in a company's earnings picture, which is crucial for predicting near-term stock price movements [2][4]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in buying or selling actions that affect stock prices [4]. Crexendo's Earnings Outlook - The upgrade for Crexendo reflects an improvement in its underlying business, which is expected to drive the stock price higher as investors respond positively to this trend [5][10]. - For the fiscal year ending December 2024, Crexendo is projected to earn $0.24 per share, with a recent 8% increase in the Zacks Consensus Estimate over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks which have averaged a +25% annual return since 1988 [7]. - The upgrade to Zacks Rank 2 places Crexendo in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Crexendo, Inc. (NASDAQ:CXDO) Q2 2024 Earnings Call Transcript August 6, 2024 4:30 PM ET Company Participants Jeff Korn - Chairman & CEO Jon Brinton - CRO Ron Vincent - CFO Doug Gaylor - President and COO Anand Buch - CSO Conference Call Participants Mike Latimore - Northland Capital Markets Josh Nichols - B. Riley Ryan Koontz - Needham & Company Mark Hagen - Lake Street Capital Chris Sakai - Singular Research Sam McColgan - Breakout Investors Michael Kaufman - MK Investments Operator Greetings, and welcome ...

Core Insights - Crexendo (CXDO) reported revenue of $14.69 million for the quarter ended June 2024, reflecting a year-over-year increase of 15.9% and surpassing the Zacks Consensus Estimate of $14.18 million by 3.60% [1] - The company's EPS for the quarter was $0.07, an increase from $0.04 in the same quarter last year, resulting in an EPS surprise of 16.67% compared to the consensus estimate of $0.06 [1] Revenue Breakdown - Service revenue was reported at $8.07 million, slightly above the average estimate of $7.99 million from two analysts, marking a year-over-year increase of 10.4% [3] - Product revenue was $1.29 million, which fell short of the average estimate of $1.33 million from two analysts, representing a year-over-year decline of 9.7% [4] - Software solutions revenue reached $5.33 million, exceeding the estimated $4.86 million from two analysts, and showing a significant year-over-year increase of 35.5% [5] Stock Performance - Over the past month, Crexendo's shares have returned 29.8%, contrasting with a decline of 6.7% in the Zacks S&P 500 composite [5] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [5]

Crexendo (CXDO) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this company would post earnings of $0.06 per share when it actually produced earnings of $0.06, delivering no surprise. Over the last four quarters, the company has surpassed c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ________ to ________. Commission file number 001-32277 Crexendo, Inc. (Exact name of registrant as specified in its charter) | --- | --- | |------------------ ...

A downtrend has been apparent in Crexendo (CXDO) lately with too much selling pressure. The stock has declined 32.5% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. How to Determine if a Stock is Oversold So, by this measure, if a stock has gotten too far below its fair value just because of unwarr ...

Crexendo, Inc. (NASDAQ:CXDO) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Jeff Korn - Chairman & Chief Executive Officer Jon Brinton - Chief Revenue Officer Ron Vincent - Chief Financial Officer Doug Gaylor - President & Chief Operating Officer Anand Buch - Chief Scientific Officer Conference Call Participants Mike Latimore - Northland Capital America Josh Nichols - B. Riley Eric Martinuzzi - Lake Street Chris Sakai - Singular Research Operator Greetings and welcome to the Cr ...