Crexendo Inc (NAS:CXDO)

Q1 2025 Crexendo Inc Earnings Call Transcript

May 6, 2025 / 08:30 PM GMT

Release Date Price: $5.35 (+1.52%)

Transcript 10-Q8-K

Key Points

Positve

Crexendo Inc (CXDO) reported a 12% year-over-year increase in total revenue, reaching $16.1 million.
The software solutions revenue grew by 33%, with gross margins in this segment increasing by 500 basis points to 78%.
The company achieved GAAP profitability for the seventh consecutive quarter, with a net income of $1.2 million.
Crexendo Inc (CXDO) surpassed 6 million users on its software solutions platform, indicating strong demand.
The company is strategically investing in innovation and infrastructure, including a migration to Oracle Cloud Infrastructure, expected to drive cost savings and margin expansion.

Negative

Product revenue declined by 22% to $1.1 million compared to the previous year.
Service revenue gross margin decreased by 3% quarter over quarter to 57%.
The telecom market remains highly competitive, with some competitors engaging in unsustainable pricing practices.
Operating expenses increased by 8% to $14.9 million, impacting overall profitability.
There is uncertainty in the market due to macroeconomic factors, although Crexendo Inc (CXDO) has not yet seen a measurable weakening in demand.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CXDO.OQ - Crexendo Inc
Q1 2025 Crexendo Inc Earnings Call
May 06, 2025 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to the crescendo first quarter 2025 earnings call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation, but I want you to require operator assistance during the conference, please press 0 on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to your host, Jeff Korn, Chairman of the board. You may begin.

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Unidentified_2 [2]
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Thank you, John, and good afternoon everyone. Welcome to the crescendo Q1 2025 year-end conference call. I'm Jeff

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