Crexendo reports FY2024 record revenue $60.8M (+14% YoY); net income $1.7M vs loss prior year

Crexendo, Inc.

FY revenue $60.8M (+14% YoY); net income $1.7M ($0.06 EPS) vs loss $(0.3M) in FY2023.
Q4 revenue $16.2M (+15% YoY); net income $0.5M ($0.02 EPS) vs $0.1M.
Software solutions revenue $23.4M (+30% YoY) driven by disruption from Cisco/Microsoft.
Adjusted EBITDA $8.2M FY vs $5.7M prior year; operating cash flow $6.3M.
Cash and equivalents $18.2M at year-end, up from $10.3M.

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