Crexendo Beats Q4 Adjusted Profit Estimates, Revenue Meets Expectations
Summary
Crexendo reported fourth-quarter revenue of $18.1 million, which was in line with analyst estimates. However, the company surpassed expectations on profitability, with adjusted net income reaching $2.8 million against an IBES estimate of $2.31 million, and adjusted EBITDA hitting $2.8 million compared to an estimate of $2.52 million. This positive performance in key adjusted metrics for the quarter suggests stronger operational efficiency than anticipated. While the company recently announced strong full fiscal year results, these specific Q4 beats provide more granular positive data for traders. Investors will now focus on the company's outlook and the successful integration of its recent $35 million acquisition of Estech Systems.
At the time of this announcement, CXDO was trading at $6.52 on NASDAQ in the Technology sector, with a market capitalization of approximately $200.4M. The 52-week trading range was $3.75 to $7.80. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.