Business
Crexendo Announces Strong First Quarter 2025 Results
PHOENIX, AZ / ACCESS Newswire / May 6, 2025 / 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 ...
About this update from Crexendo, Inc.
[{"type":"text","content":"PHOENIX, AZ / ACCESS Newswire / May 6, 2025 / 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 first quarter ended March 31, 2025.","length":352,"tagName":"p"},{"type":"text","content":"First Quarter Financial highlights:","length":35,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total revenue increased 12% year-over-year to $16.1 million","length":59,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"GAAP net income of $1.2 million, or $0.04 per basic and diluted common share.","length":77,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":136,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Non-GAAP net income of $2.6 million, or $0.09 per basic common share and $0.08 per diluted common share","length":103,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":103,"olType":false},{"type":"text","content":"Financial Results for the First Quarter of 2025","length":47,"tagName":"p"},{"type":"text","content":"Total Revenue: Consolidated total revenue for the first quarter of 2025 increased 12%, or $1.8 million, to $16.1 million compared to $14.3 million for the first quarter of 2024.","length":177,"tagName":"p"},{"type":"text","content":"Service Revenue: Consolidated service revenue for the first quarter of 2025 increased 4%, or $0.4 million, to $8.2 million compared to $7.8 million for the first quarter of 2024.","length":178,"tagName":"p"},{"type":"text","content":"Software Solutions Revenue: Consolidated software solutions revenue for the first quarter of 2025 increased 33%, or $1.8 million, to $6.9 million compared to $5.1 million for the first quarter of 2024.","length":201,"tagName":"p"},{"type":"text","content":"Product Revenue: Consolidated product revenue for the first quarter of 2025 decreased 22%, or $0.3 million, to $1.0 million compared to $1.3 million for the first quarter of 2024.","length":179,"tagName":"p"},{"type":"text","content":"Operating Expenses: Consolidated operating expenses for the first quarter of 2025 increased 8%, or $1.1 million, to $14.9 million compared to $13.8 million for the first qu...