Crexendo Inc. Reports 13% Revenue Increase and $1.2M GAAP Net Income in <a href="https://laohu8.com/S/QTWO">Q2</a> 2025
Crexendo Inc., a software technology company, reported a 13% year-over-year increase in total revenue for the second quarter of 2025, reaching $16.6 million. The company achieved a GAAP net income of $1.2 million, which equates to $0.04 per basic and diluted common share. Meanwhile, the non-GAAP net income was reported at $2.9 million. The software solutions segment saw significant growth, with a 31% increase contributing to the company's revenue. For the six months ending June 30, 2025, Crexendo's consolidated total revenue rose to $32.6 million, up from $29.0 million during the same period in 2024. The software solutions revenue for this period increased by 32% to $13.8 million. EBITDA for the second quarter of 2025 was recorded at $2.0 million, compared to $1.4 million in the same quarter of 2024, with adjusted EBITDA at $2.8 million up from $2.2 million. The company highlighted its strategic focus on expanding its software platform and embracing AI applications to enhance long-term shareholder value.
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