Compared to Estimates, Crexendo (CXDO) Q2 Earnings: A Look at Key Metrics

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]