Crexendo, Inc. (CXDO) Q4 2024 Earnings Call Transcript
Crexendo, Inc. (NASDAQ:CXDO ) Q4 2024 Earnings Call Transcript March 4, 2025 4:30 PM ET Company Participants Jeff Korn - Chief Executive Officer and Chairman Jon Brinton - Chief Revenue Officer Ron Vincent - Chief Financial Officer Doug Gaylor - President and Chief Operating Officer Conference Call Participants Jesse Sobelson - D Boral Capital Mike Latimore - Northland Capital Markets Eric Martinuzzi - Lake Street Tim Horan - Oppenheimer Matthew Maus - B Riley Securities Mike Kaufman - MK Investments Operator Greetings. Welcome to the Crexendo Fourth Quarter and Yearend 2024 Earnings Call.
Here's What Key Metrics Tell Us About Crexendo (CXDO) Q4 Earnings
While the top- and bottom-line numbers for Crexendo (CXDO) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Crexendo (CXDO) Surges 11.3%: Is This an Indication of Further Gains?
Crexendo (CXDO) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Crexendo Selected by Popp Communications to Replace Microsoft's Metaswitch Solution
PHOENIX, AZ / ACCESSWIRE / December 17, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced that Popp Communications has chosen Crexendo's NetSapiens Platform as its next-generation replacement for their legacy Microsoft Metaswitch solution. Microsoft previously announced end-of-life for their Metaswitch MaX UC offering and has also just announced they will be selling off their Metaswitch division which has prompted many service providers to actively seek new and improved partner solutions to support their transition.
Crexendo: Microsoft's Exit Relieves Competitive Pressures
Crexendo specializes in UCaaS, integrating business communication apps into a single cloud platform, offering software services with high gross margins. Competition includes cloud infrastructure providers like Microsoft and Cisco, and service providers like 8x8 and RingCentral; Crexendo operates in both categories. Microsoft is exiting the UCaaS sector and Crexendo is winning over many of these customers, demonstrating the quality of the software it offers.
Crexendo Named One of the Fastest-Growing Companies in North America on the 2024 Deloitte Technology Fast 500
The Only UCaaS Software Platform Ranked on the Prestigious List of North America's Fastest-Growing Companies PHOENIX, AZ / ACCESSWIRE / November 21, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced it was named one of the fastest growing companies in North America on the Deloitte Technology Fast 500™, a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 30th year. Crexendo grew an impressive 225% during the award time period of 2020-2023 and ranked as the 6th fastest growing company in the Communications/Networking category.
Crexendo's NetSapiens Platform Awarded 2024 Generative AI Expo Product of the Year Award
PHOENIX, AZ / ACCESSWIRE / November 18, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, is proud to announce that its NetSapiens platform has been honored with the 2024 Generative AI Expo Product of the Year Award by TMC, a global, integrated media company. This award recognizes cutting-edge innovation in generative AI technology and its impact on cloud communications.
Crexendo (CXDO) Upgraded to Buy: What Does It Mean for the Stock?
Crexendo (CXDO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Crexendo Selected By Akabis As Replacement For Microsoft Metaswitch Platform
PHOENIX, AZ / ACCESSWIRE / November 12, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced that Akabis has selected Crexendo's NetSapiens Platform as its next-generation solution to replace their Microsoft Metaswitch platform following Microsoft's recent end-of-life (EOL) announcement for its Max-UC solution. In this time of disruption, many service providers are actively seeking trusted partners to support their migration from Metaswitch MaX UC.
Crexendo (CXDO) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for Crexendo (CXDO) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Crexendo (CXDO) Q3 Earnings and Revenues Top Estimates
Crexendo (CXDO) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.12 per share a year ago.
Crexendo Delivers Strong Third Quarter Results
PHOENIX, AZ / ACCESSWIRE / November 6, 2024 / Crexendo, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform and services, video collaboration and managed IT services tailored to businesses of all sizes, today announced financial results for the third quarter ended September 30, 2024. Financial highlights: Revenue of $15.6 million, up 13% year-over-year Net income of $0.1 million, or $0.01 per basic common share and $0.00 per diluted common share.
