Crexendo(US:CXDO)2025-11-04 21:00Revenue Growth - Total revenue for Q3 2025 increased 12% year-over-year to $17.5 million, up from $15.6 million in Q3 2024[3] - Service revenue for Q3 2025 rose 8% to $8.6 million compared to $8.0 million in Q3 2024[3] - Software solutions revenue surged 28% to $7.5 million, up from $5.9 million in Q3 2024[4] - The company reported a 31% increase in software solutions revenue for the nine months ended September 30, 2025, totaling $21.4 million[8] - Total revenue for Q3 2025 was $17,497,000, representing a 12% increase from $15,627,000 in Q3 2024[26] - Service revenue increased to $8,569,000 in Q3 2025, up 8% from $7,953,000 in Q3 2024[26] - Software solutions revenue grew by 28% to $7,521,000 in Q3 2025, compared to $5,860,000 in Q3 2024[26] Net Income and Earnings - GAAP net income for Q3 2025 was $1.5 million, or $0.05 per share, compared to $0.1 million, or $0.01 per share in Q3 2024[5] - Non-GAAP net income for Q3 2025 was $3.0 million, or $0.10 per share, compared to $1.7 million, or $0.06 per share in Q3 2024[6] - Net income for the nine months ended September 30, 2025, was $3,853,000, a significant increase from $1,170,000 in the same period of 2024[26] - Basic earnings per share for Q3 2025 was $0.05, compared to $0.01 in Q3 2024[27] Cash and Cash Equivalents - Total cash and cash equivalents increased to $28.6 million as of September 30, 2025, from $18.2 million at December 31, 2024[14] - Cash and cash equivalents at the end of Q3 2025 were $28,573,000, up from $15,451,000 at the end of Q3 2024[29] - The company reported a net cash provided by operating activities of $6,950,000 for the nine months ended September 30, 2025, compared to $4,107,000 in the same period of 2024[29] Operating Expenses - Operating expenses for Q3 2025 increased 5% to $16.2 million compared to $15.5 million in Q3 2024[5] - Operating expenses totaled $16,192,000 in Q3 2025, an increase from $15,492,000 in Q3 2024[26] Other Financial Metrics - Adjusted EBITDA for Q3 2025 was $2,943,000, up from $1,761,000 in Q3 2024, reflecting a 67% increase[38] - Total other income for Q3 2025 was $188,000, compared to $59,000 in Q3 2024, indicating improved financial performance[26] User Growth and Strategic Outlook - The company surpassed 7 million users on the Crexendo platform, indicating strong growth and market presence[16] - Management expressed confidence in continued growth driven by investments in AI-driven capabilities and strategic M&A opportunities[16]