Crexendo CEO Jeffrey Korn sells $60,000 in stock

Jeffrey G. Korn, the Chief Executive Officer of Crexendo , Inc. (NASDAQ:CXDO), a company with a market capitalization of $181 million and strong financial health according to InvestingPro analysis, recently sold 10,000 shares of the company’s common stock. The transaction, executed on March 10, 2025, was conducted at a price of $6.00 per share, totaling $60,000.

Following this sale, Korn holds 243,384 shares in Crexendo. This transaction was part of a pre-arranged trading plan intended to comply with Rule 10b5-1(c), which was established on December 9, 2024. At the time of the plan’s creation, Korn was not aware of any material nonpublic information. The stock has shown impressive momentum with a 25.7% gain over the past six months, despite a recent 17.5% decline in the past week. InvestingPro subscribers can access 13 additional key insights about Crexendo’s financial health and valuation metrics.

In other recent news, Crexendo Inc. reported its fourth-quarter 2024 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $0.06, compared to the projected $0.05. The company also achieved revenue of $16.2 million, exceeding the anticipated $15.64 million. This marks a 15% year-over-year revenue increase, reflecting strong operational performance. Crexendo’s gross margins also improved from 59% to 62%, indicating enhanced profitability. The company has been recognized by firms like Frost and Sullivan and Deloitte for its rapid growth and strategic leadership in the industry. Additionally, Crexendo has successfully migrated 10 licensees from Microsoft (NASDAQ:MSFT) Metaswitch and Cisco (NASDAQ:CSCO) BroadSoft, with significant growth opportunities identified in their pipeline. Looking forward, Crexendo anticipates double-digit growth in 2025, driven by investments in software solutions and potential acquisitions in the AI sector.

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