Quarterly ResultMay 5, 2026, 04:08 PM
Crexendo Q1 Revenue +29% to $20.7M; GAAP Net Income $0.6M
AI Summary
Crexendo, Inc. announced its first quarter 2026 financial results, reporting a 29% year-over-year increase in total revenue to $20.7 million. GAAP net income was $0.6 million, or $0.02 per share, a decrease from the prior year, while non-GAAP net income rose to $3.3 million, or $0.10 per share. The company highlighted the strong performance of the Estech Systems (ESI) acquisition, which contributed for one month and is exceeding expectations, and the launch of its Crexendo AI Receptionist/Orchestrator (CAIRO).
Key Highlights
- Total revenue increased 29% year-over-year to $20.7 million.
- GAAP net income was $0.6 million ($0.02 per share), down from $1.2 million.
- Non-GAAP net income rose to $3.3 million ($0.10 per share), up from $2.7 million.
- Service revenue grew 29% to $10.6 million; Product revenue surged 141% to $2.4 million.
- Cash used in investing activities was $26.2 million due to the ESI acquisition.
- Cash and cash equivalents decreased to $7.2 million from $31.4 million.
- Company achieved 10 consecutive quarters of GAAP profitability.
- Launched Crexendo AI Receptionist/Orchestrator (CAIRO) during the quarter.