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Side-by-side financial comparison of Crexendo, Inc. (CXDO) and FREQUENCY ELECTRONICS INC (FEIM). Click either name above to swap in a different company.

Crexendo, Inc. is the larger business by last-quarter revenue ($18.1M vs $17.1M, roughly 1.1× FREQUENCY ELECTRONICS INC). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs 6.7%, a 3.8% gap on every dollar of revenue. On growth, Crexendo, Inc. posted the faster year-over-year revenue change (11.2% vs 8.3%). Over the past eight quarters, Crexendo, Inc.'s revenue compounded faster (12.4% CAGR vs 11.8%).

Crexendo, Inc. is a U.S.-headquartered cloud communications technology provider. It delivers unified communications as a service (UCaaS), contact center solutions, business VoIP services, and collaborative work tools, primarily catering to small and medium-sized enterprises operating in the North American market.

Ultra Electronics Holdings is a British defence and security company. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by Cobham, which is itself owned by Advent International.

CXDO vs FEIM — Head-to-Head

Bigger by revenue
CXDO
CXDO
1.1× larger
CXDO
$18.1M
$17.1M
FEIM
Growing faster (revenue YoY)
CXDO
CXDO
+3.0% gap
CXDO
11.2%
8.3%
FEIM
Higher net margin
FEIM
FEIM
3.8% more per $
FEIM
10.5%
6.7%
CXDO
Faster 2-yr revenue CAGR
CXDO
CXDO
Annualised
CXDO
12.4%
11.8%
FEIM

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
CXDO
CXDO
FEIM
FEIM
Revenue
$18.1M
$17.1M
Net Profit
$1.2M
$1.8M
Gross Margin
38.2%
Operating Margin
6.3%
10.0%
Net Margin
6.7%
10.5%
Revenue YoY
11.2%
8.3%
Net Profit YoY
140.2%
-32.1%
EPS (diluted)
$0.03
$0.18

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CXDO
CXDO
FEIM
FEIM
Q4 25
$18.1M
$17.1M
Q3 25
$17.5M
$13.8M
Q2 25
$16.6M
$20.0M
Q1 25
$16.1M
$18.9M
Q4 24
$16.2M
$15.8M
Q3 24
$15.6M
$15.1M
Q2 24
$14.7M
$15.6M
Q1 24
$14.3M
$13.7M
Net Profit
CXDO
CXDO
FEIM
FEIM
Q4 25
$1.2M
$1.8M
Q3 25
$1.4M
$634.0K
Q2 25
$1.2M
$3.2M
Q1 25
$1.2M
$15.4M
Q4 24
$507.0K
$2.7M
Q3 24
$148.0K
$2.4M
Q2 24
$588.0K
$2.6M
Q1 24
$434.0K
$130.0K
Gross Margin
CXDO
CXDO
FEIM
FEIM
Q4 25
38.2%
Q3 25
36.8%
Q2 25
37.5%
Q1 25
43.8%
Q4 24
48.2%
Q3 24
44.4%
Q2 24
40.3%
Q1 24
22.6%
Operating Margin
CXDO
CXDO
FEIM
FEIM
Q4 25
6.3%
10.0%
Q3 25
7.5%
2.6%
Q2 25
6.7%
16.4%
Q1 25
7.2%
18.3%
Q4 24
3.9%
16.5%
Q3 24
0.9%
15.7%
Q2 24
3.9%
16.0%
Q1 24
3.4%
-3.4%
Net Margin
CXDO
CXDO
FEIM
FEIM
Q4 25
6.7%
10.5%
Q3 25
8.3%
4.6%
Q2 25
7.4%
16.0%
Q1 25
7.3%
81.4%
Q4 24
3.1%
16.8%
Q3 24
0.9%
16.1%
Q2 24
4.0%
16.9%
Q1 24
3.0%
0.9%
EPS (diluted)
CXDO
CXDO
FEIM
FEIM
Q4 25
$0.03
$0.18
Q3 25
$0.05
$0.07
Q2 25
$0.04
$0.33
Q1 25
$0.04
$1.60
Q4 24
$0.03
$0.28
Q3 24
$0.00
$0.25
Q2 24
$0.02
$0.28
Q1 24
$0.01
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CXDO
CXDO
FEIM
FEIM
Cash + ST InvestmentsLiquidity on hand
$3.0M
Total DebtLower is stronger
$114.0K
Stockholders' EquityBook value
$63.8M
$58.5M
Total Assets
$77.7M
$92.3M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CXDO
CXDO
FEIM
FEIM
Q4 25
$3.0M
Q3 25
$4.5M
Q2 25
$4.7M
Q1 25
$5.5M
Q4 24
$9.7M
Q3 24
$16.2M
Q2 24
$18.3M
Q1 24
$11.7M
Total Debt
CXDO
CXDO
FEIM
FEIM
Q4 25
$114.0K
Q3 25
$236.0K
Q2 25
$356.0K
Q1 25
$475.0K
Q4 24
$592.0K
Q3 24
$709.0K
Q2 24
$823.0K
Q1 24
$937.0K
Stockholders' Equity
CXDO
CXDO
FEIM
FEIM
Q4 25
$63.8M
$58.5M
Q3 25
$61.3M
$56.3M
Q2 25
$58.3M
$55.6M
Q1 25
$55.2M
$51.8M
Q4 24
$51.4M
$36.2M
Q3 24
$49.5M
$33.2M
Q2 24
$48.2M
$39.8M
Q1 24
$46.8M
$36.7M
Total Assets
CXDO
CXDO
FEIM
FEIM
Q4 25
$77.7M
$92.3M
Q3 25
$76.0M
$93.2M
Q2 25
$71.4M
$93.7M
Q1 25
$67.4M
$86.4M
Q4 24
$64.9M
$77.8M
Q3 24
$62.3M
$84.3M
Q2 24
$59.6M
$83.3M
Q1 24
$57.5M
$77.7M
Debt / Equity
CXDO
CXDO
FEIM
FEIM
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.01×
Q1 25
0.01×
Q4 24
0.01×
Q3 24
0.01×
Q2 24
0.02×
Q1 24
0.02×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CXDO
CXDO
FEIM
FEIM
Operating Cash FlowLast quarter
$2.3M
$-523.0K
Free Cash FlowOCF − Capex
$-1.1M
FCF MarginFCF / Revenue
-6.6%
Capex IntensityCapex / Revenue
0.0%
3.6%
Cash ConversionOCF / Net Profit
1.93×
-0.29×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CXDO
CXDO
FEIM
FEIM
Q4 25
$2.3M
$-523.0K
Q3 25
$4.4M
$1.2M
Q2 25
$1.3M
$-155.0K
Q1 25
$1.2M
$-3.6M
Q4 24
$2.2M
$3.8M
Q3 24
$1.6M
$-1.5M
Q2 24
$2.7M
$7.5M
Q1 24
$-166.0K
$4.2M
Free Cash Flow
CXDO
CXDO
FEIM
FEIM
Q4 25
$-1.1M
Q3 25
$385.0K
Q2 25
$1.3M
$-786.0K
Q1 25
$-4.0M
Q4 24
$2.1M
$3.3M
Q3 24
$-1.8M
Q2 24
$6.7M
Q1 24
$3.9M
FCF Margin
CXDO
CXDO
FEIM
FEIM
Q4 25
-6.6%
Q3 25
2.8%
Q2 25
7.7%
-3.9%
Q1 25
-20.9%
Q4 24
13.2%
20.8%
Q3 24
-11.8%
Q2 24
42.8%
Q1 24
28.4%
Capex Intensity
CXDO
CXDO
FEIM
FEIM
Q4 25
0.0%
3.6%
Q3 25
0.0%
5.6%
Q2 25
0.1%
3.2%
Q1 25
0.0%
1.7%
Q4 24
0.2%
3.3%
Q3 24
0.0%
2.2%
Q2 24
0.0%
5.3%
Q1 24
0.0%
2.3%
Cash Conversion
CXDO
CXDO
FEIM
FEIM
Q4 25
1.93×
-0.29×
Q3 25
3.05×
1.83×
Q2 25
1.05×
-0.05×
Q1 25
1.06×
-0.24×
Q4 24
4.29×
1.44×
Q3 24
10.95×
-0.60×
Q2 24
4.51×
2.85×
Q1 24
-0.38×
32.36×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CXDO
CXDO

Services$8.6M48%
Software Solution Segment$8.3M46%
Products$1.1M6%

FEIM
FEIM

POC Revenue$14.8M86%
POT Revenue$2.3M13%

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