CXDO

Crexendo, Inc.

7 filings tracked

technologycloud computingMICRO (<$300M)

Signal Magnitude Chart

bullish

bearish

neutral

Signal Timeline

bullishMay 5

Revenue grew 29% YoY to $20.7M, driven by organic growth and the ESI acquisition.

earnings beat

70%

bearishMay 5

GAAP operating income fell from $1.15M to $0.44M due to rising integration and product costs.

margin compression

80%

bullishMay 5

Acquired Estech Systems (ESI) for $34.7M, adding significant revenue and a $108M telecom backlog.

acquisition

90%

neutralMay 5

Secured a new $10M credit facility from Wells Fargo to replenish cash after M&A spend.

capital raise

60%

bullishMay 5

Revenue grew 29% YoY to $20.7M, driven by organic growth and the ESI acquisition.

earnings beat

70%

bearishMay 5

GAAP operating income fell from $1.15M to $0.44M due to rising integration and product costs.

margin compression

80%

bullishMay 5

Acquired Estech Systems (ESI) for $34.7M, adding significant revenue and a $108M telecom backlog.

acquisition

90%

neutralMay 5

Secured a new $10M credit facility from Wells Fargo to replenish cash after M&A spend.

capital raise

60%

bullishMay 5

Revenue grew 29% YoY to $20.7M, driven by organic growth and the ESI acquisition.

earnings beat

70%

bearishMay 5

GAAP operating income fell from $1.15M to $0.44M due to rising integration and product costs.

margin compression

80%

bullishMay 5

Acquired Estech Systems (ESI) for $34.7M, adding significant revenue and a $108M telecom backlog.

acquisition

90%

neutralMay 5

Secured a new $10M credit facility from Wells Fargo to replenish cash after M&A spend.

capital raise

60%

bullishMay 5

Revenue grew 29% YoY to $20.7M, driven by organic growth and the ESI acquisition.

earnings beat

70%

bearishMay 5

GAAP operating income fell from $1.15M to $0.44M due to rising integration and product costs.

margin compression

80%

bullishMay 5

Acquired Estech Systems (ESI) for $34.7M, adding significant revenue and a $108M telecom backlog.

acquisition

90%

neutralMay 5

Secured a new $10M credit facility from Wells Fargo to replenish cash after M&A spend.

capital raise

60%

bullishMay 5

Revenue grew 29% YoY to $20.7M, driven by organic growth and the ESI acquisition.

earnings beat

70%

bearishMay 5

GAAP operating income fell from $1.15M to $0.44M due to rising integration and product costs.

margin compression

80%

bullishMay 5

Acquired Estech Systems (ESI) for $34.7M, adding significant revenue and a $108M telecom backlog.

acquisition

90%

neutralMay 5

Secured a new $10M credit facility from Wells Fargo to replenish cash after M&A spend.

capital raise

60%

bullishMay 5

Revenue grew 29% YoY to $20.7M, driven by organic growth and the ESI acquisition.

earnings beat

70%

bearishMay 5

GAAP operating income fell from $1.15M to $0.44M due to rising integration and product costs.

margin compression

80%

bullishMay 5

Acquired Estech Systems (ESI) for $34.7M, adding significant revenue and a $108M telecom backlog.

acquisition

90%

neutralMay 5

Secured a new $10M credit facility from Wells Fargo to replenish cash after M&A spend.

capital raise

60%

bullishMay 5

Revenue grew 29% YoY to $20.7M, driven by organic growth and the ESI acquisition.

earnings beat

70%

bearishMay 5

GAAP operating income fell from $1.15M to $0.44M due to rising integration and product costs.

margin compression

80%

bullishMay 5

Acquired Estech Systems (ESI) for $34.7M, adding significant revenue and a $108M telecom backlog.

acquisition

90%

neutralMay 5

Secured a new $10M credit facility from Wells Fargo to replenish cash after M&A spend.

capital raise

60%

Filing History

10-QMay 5, 2026

The Q1 2026 filing reveals a company at a critical inflection point, balancing aggressive inorganic growth against deteriorating short-term margins. The acquisition of ESI has fundamentally altered Crexendo's scale, boosting its total remaining performance obligations to $135.6 million and providing a clear revenue runway for the next three to five years. However, the transition has been expensive, leading to a sharp decrease in cash on hand and a reliance on new debt to stabilize the balance sheet. Investors are now faced with a trade-off between the company's impressive top-line momentum and its current operational inefficiency. The ability of management to convert the ESI backlog into cash flow while reducing integration-related overhead will determine if Crexendo can achieve true operating leverage or if it will remain in a cycle of leveraging debt to fund growth.