Crexendo reports Q1 EPS 8c, consensus 6c

Reports Q1 revenue $16.06M, consensus $15.8M. “Our exceptional first quarter results for 2025 demonstrate the strength of our strategy, the resilience of our model, and the extraordinary execution of our team,” said Jeff Korn, Crexendo (CXDO) CEO and chairman of the board. “We grew total revenue by 12% year-over-year to $16.1 million, fueled by a 33% increase in software solutions revenue. We surpassed 6 million users on our platform during the quarter, with software solutions gross margins expanding to 78%, up 500 basis points from Q1 2024 and 1,000 basis points sequentially. These results underscore the scalability of our model and our disciplined focus on profitable growth.”