Record-Breaking Revenue Growth
Crexendo reported a 13% increase in total revenue to $16.6 million, driven by a 31% year-over-year organic growth in software solutions revenue.
Sustained Profitability
GAAP net income was $1.2 million, marking the eighth consecutive quarter of GAAP profitability, and adjusted EBITDA reached $2.8 million.
Strong Cash Position
Crexendo reported a strong cash position with $23.5 million in cash and cash equivalents, up from $18.2 million at the end of December 2024.
Expansion of AI Capabilities
Crexendo is investing in AI capabilities, expecting to roll out additional initiatives including AI call bots and AI operator functions over the next several quarters.
Inclusion in Russell 2000 Index
Crexendo's continued success earned it a coveted inclusion in the Russell 2000 Index during the quarter.
Successful Data Center Migration
Crexendo completed its international data center migration to Oracle Cloud Infrastructure, which is expected to yield significant cost savings.