Crexendo Full Year 2023 Earnings: EPS Beats Expectations

Crexendo (NASDAQ:CXDO) Full Year 2023 Results

Key Financial Results

• Revenue: US$53.2m (up 42% from FY 2022).
• Net loss: US$362.0k (loss narrowed by 99% from FY 2022).
• US$0.014 loss per share (improved from US$1.54 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Crexendo EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 73%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company's shares are up 10% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 4 warning signs for Crexendo you should be aware of, and 1 of them doesn't sit too well with us.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.