Crexendo completes $34.7M acquisition of Estech Systems; pro forma revenue $93.7M

Crexendo, Inc.

Purchase price: $27.3M cash + 1,159,638 shares at $6.41 each; total $34.7M.
ESI FY 2025 revenue $26.1M, net income $3.059M; Crexendo standalone revenue $68.2M.
Pro forma combined net income $2.533M, diluted EPS $0.08 vs Crexendo standalone $0.17.
$5.3M goodwill, $23.4M intangible assets recorded (customer relationships $22.3M, trademarks $1.1M).
Lock-up: 50% shares salable after 6 months, remaining after 12 months.

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