Crexendo reports Q2 EPS 10c, consensus 6c

Reports Q2 revenue $16.55M, consensus $16.27M. “Our strong second quarter performance underscores our continued momentum and laser-like focus on profitable growth,” said Jeff Korn, Crexendo (CXDO) CEO and chairman of the board. “We achieved a 13% year-over-year increase in total revenue to $16.6 million, driven by particularly impressive 31% growth in our software solutions segment that continues to be our strategic moat around our business. This marks our eighth consecutive quarter of GAAP profitability and 27th consecutive quarter of Non-GAAP net income. Our $1.2 million in net income and $2.8 million in adjusted EBITDA are clear indicators of the strength and scalability of our business model. These results are especially notable as we continue to invest in infrastructure and in the expansion of our products and services to secure long-term success.”