Core Insights - Crexendo (CXDO) reported revenue of $15.63 million for the quarter ended September 2024, reflecting a year-over-year increase of 12.7% and a surprise of +3.70% over the Zacks Consensus Estimate of $15.07 million [1] - The company's EPS for the quarter was $0.06, down from $0.12 in the same quarter last year, but exceeded the consensus estimate of $0.05 by +20.00% [1] Revenue Breakdown - Service revenue was reported at $7.95 million, which is lower than the estimated $8.21 million, representing a year-over-year increase of +5.8% [3] - Product revenue reached $1.81 million, surpassing the average estimate of $1.46 million, with a year-over-year change of +8.9% [3] - Software solutions revenue was $5.86 million, exceeding the average estimate of $5.40 million, showing a significant year-over-year increase of +24.9% [3] Stock Performance - Over the past month, Crexendo's shares have returned +13.9%, outperforming the Zacks S&P 500 composite, which saw a change of +0.7% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [4]
Crexendo (CXDO) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates