These activities are part of Wang's ongoing management of his holdings in the company, reflecting a combination of stock sales and option exercises. Analyst consensus suggests further upside potential, with price targets ranging from $6.75 to $8.00 per share. For deeper insights into Crexendo (NASDAQ:CXDO)'s valuation and growth prospects, access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks. Analyst consensus suggests further upside potential, with price targets ranging from $6.75 to $8.00 per share. For deeper insights into Crexendo's valuation and growth prospects, access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.
These activities are part of Wang's ongoing management of his holdings in the company, reflecting a combination of stock sales and option exercises. Analyst consensus suggests further upside potential, with price targets ranging from $6.75 to $8.00 per share. For deeper insights into Crexendo's valuation and growth prospects, access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.
These activities are part of Wang's ongoing management of his holdings in the company, reflecting a combination of stock sales and option exercises.
In other recent news, Crexendo, Inc. reported a robust Q3 for the fiscal year 2024, showing a year-over-year revenue increase of 13% to $15.6 million. The software division of the company particularly stood out with a significant 25% growth. Despite higher operating expenses, Crexendo maintained its profitability for the fifth consecutive quarter with a GAAP net income of $148,000 and a non-GAAP net income of $1.7 million. The company's cash position also strengthened, boasting an impressive 200% year-over-year increase to $15.5 million.
These recent developments also spotlight Crexendo's strategic investments aimed at sustaining growth and enhancing its competitive edge. The company is exploring potential acquisitions and has invested in Oracle (NYSE:ORCL) Cloud Infrastructure and an upgraded Oracle accounting system. In addition, Crexendo aims to reach 6 million users by early 2025 through ongoing product development and support.
However, it's important to note that the company's GAAP net income saw a decrease compared to Q3 2023, excluding the one-time gain from a corporate office sale. Non-GAAP net income and EBITDA also showed a decline from the previous year. Despite these challenges, Crexendo remains committed to double-digit organic growth and profitability.
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