CREXENDO INC. DL-,001

Crexendo reports an annualized revenue run rate of about $100 million, twelve consecutive GAAP‑profitable quarters and $18.3 million in cash with no debt. The acquisition of ESI was value‑accretive in its first full quarter and is intended to serve as a template for further deals; Crexendo targets one to two acquisitions per year. The NetSapiens platform, a session‑based pricing model and high service rankings are driving customer growth, while the AI product CAIRO is expected to be a revenue driver in the next 12–24 months. The company continues to target an annualized revenue run rate of $150 million by the end of 2028 through organic growth and targeted acquisitions. » More on de.investing.com

Crexendo announced that software release version 46 will include native support for the IETF vCon standard to capture, store and exchange conversation data. The integration is intended to enable more than 250 platform licensees with over eight million end users to deliver AI-powered customer interaction solutions faster and more cost-effectively by standardizing conversations and reducing infrastructure overhead. Crexendo calls itself the first major communications platform with a central, native vCon implementation and expects this to deliver greater efficiency and traceability for service providers. » More on de.investing.com

Crexendo reported a robust first quarter with organic telecom services revenue up 18%, driven by two major deals and market-share gains in UCaaS. Needham raised its price target to $12 (Buy) and Lake Street to $11 (Buy), both increasing estimates after the earnings beat. Firms view demand as able to accelerate if macro conditions improve, supporting Crexendo's momentum in cloud communications and managed IT services. » More on finance.yahoo.com