Crexendo Inc
NASDAQ:CXDO
Crexendo Inc
Crexendo, Inc. engages in the provision of telecommunications services, broadband Internet services, and other cloud business services. The company is headquartered in Tempe, Arizona and currently employs 121 full-time employees. The company went IPO on 2004-08-16. The firm operates through two segments: Cloud Telecommunications Services and Software Solutions. Its cloud telecommunications services transmit calls using Internet protocol (IP) or cloud technology, which converts voice signals into digital data packets for transmission over the Internet or cloud. Its cloud telecommunications service offering includes hardware, software, and IP or cloud technology over Internet connection. Its software solutions offering provides a comprehensive suite of unified communications (UC), video conferencing, collaboration & contact center solutions. Its software solutions segment offers software licenses, software maintenance support and professional services.
Crexendo, Inc. engages in the provision of telecommunications services, broadband Internet services, and other cloud business services. The company is headquartered in Tempe, Arizona and currently employs 121 full-time employees. The company went IPO on 2004-08-16. The firm operates through two segments: Cloud Telecommunications Services and Software Solutions. Its cloud telecommunications services transmit calls using Internet protocol (IP) or cloud technology, which converts voice signals into digital data packets for transmission over the Internet or cloud. Its cloud telecommunications service offering includes hardware, software, and IP or cloud technology over Internet connection. Its software solutions offering provides a comprehensive suite of unified communications (UC), video conferencing, collaboration & contact center solutions. Its software solutions segment offers software licenses, software maintenance support and professional services.
Revenue Growth: Crexendo delivered 12% year-over-year revenue growth in Q3 2025, reaching $17.5 million.
Profitability: The company reported $1.5 million GAAP net income, up from $100,000 last year, marking its 9th consecutive quarter of GAAP profitability.
Software Strength: Software solutions revenue surged 28%, driven by strong platform demand and adoption.
Margin Expansion: Consolidated gross margin improved by 200 basis points to 63%, with software solutions margin rising to 74%.
AI Innovation: Crexendo launched new AI-driven products like the Kairo AI receptionist, expecting a high adoption rate and meaningful revenue lift.
User Milestone: The platform surpassed 7 million end users, highlighting scalability and strong customer adoption.
Guidance & Outlook: Management expects continued double-digit growth into next year, with further margin improvement as cost-saving initiatives kick in.
M&A Pipeline: The company is actively reviewing acquisition targets, aiming to close at least one deal by early next year.
