Revenue and Growth Metrics
Crexendo delivered a 12% year-over-year revenue growth, with $1.5 million in GAAP net income and $3 million in non-GAAP net income. Software solutions revenue increased by 28%, and service revenue grew by 8%.
User Growth and Platform Expansion
The company surpassed 7 million end users on its platform and had a successful annual user group meeting with record attendance and engagement.
Cash and Financial Performance
Cash and cash equivalents increased to $28.6 million, up from $18.2 million, with cash provided by operating activities reaching $7 million.
AI Innovation and New Product Launches
Crexendo launched several AI-driven products, including the AI receptionist orchestrator, which is expected to significantly increase average revenue per account.
Strategic Partnerships and M&A
The EVP program expanded to 41 partners, and Crexendo is reviewing strategic acquisition opportunities with optimism for closing a deal by early next year.