Crexendo, Inc.

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Crexendo reports solid Q1 earnings, eyes growth through strategic investments

Crexendo's Q1 2024 performance reflects consistent profitability and revenue growth, underpinned by strong software solutions and telecom services revenue.
With a focus on customer migration to the VIP platform and strategic investments, the company aims to drive cost savings and fuel future growth.
While facing challenges in sustaining growth and managing operational transitions, Crexendo remains well-positioned to capitalize on opportunities for expansion and market leadership.

Crexendo reports robust Q2 earnings, eyes international expansion and acquisitions

Crexendo Inc.'s Q2 2024 performance reflects strong revenue and net income growth, maintaining profitability and showcasing segment-wise expansion.
While facing challenges in platform migration and market competition, the company's operational strengths and strategic investments position it well for future growth.
With a focus on international expansion, sustained growth in key segments, and strategic acquisitions, Crexendo is poised for continued success and shareholder value creation.

Crexendo reports robust Q3 results, eyes growth through technology investments

Crexendo's Q3 2024 performance reflects strong revenue growth and profitability, supported by strategic investments in technology and customer migration.
The company's focus on organic growth, customer acquisition, and operational efficiencies positions it well for future success and market expansion.
While balancing sales strategies and managing investments pose challenges, Crexendo's ability to capitalize on opportunities in cloud infrastructure and AI applications bodes well for sustained growth.

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Crexendo, Inc. engages in the provision of telecommunications services, broadband Internet services, and other cloud business services. It operates through the Cloud Telecommunications Services and Software Solutions segments. The Cloud Telecommunications Services segment focuses on selling cloud telecommunication products and services and broadband Internet services. The software solutions segment focuses on software licenses, software maintenance support and professional services. The company was founded on April 13, 1995 and is headquartered in Tempe, AZ.

Crexendo, Inc. (NASDAQ:CXDO ) Q1 2023 Earnings Conference Call May 9, 2023 4:30 PM ET Company Participants Steven Mihaylo - Chairman Jeffrey Korn - Chief Executive Officer Ronald Vincent - Chief Financial Officer Doug Gaylor - Chief Operating Officer & President Jon Brinton - Chief Revenue Officer Anand Buch - CSO Conference Call Participants Eric Martinuzzi - Lake Street Capital Chris Sakai - Singular Research Operator Greetings. Welcome to the Crexendo First Quarter 2023 Earnings Conference Call.

Crexendo, Inc. (CXDO) Q1 2023 Earnings Call Transcript

Crexendo (CXDO) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.02 per share a year ago.

Crexendo (CXDO) Q1 Earnings Lag Estimates

PHOENIX, AZ / ACCESSWIRE / May 9, 2023 / Crexendo, Inc. (NASDAQ:CXDO), an award-winning premier provider of cloud communication platform and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business, today announced financial results for the first quarter ended March 31, 2023. First Quarter Financial highlights: Total revenue increased 53% year-over-year to $12.5 million GAAP net loss of $(1.6) million, or $(0.06) per basic and diluted common share Non-GAAP net income of $625,000, or $0.02 per basic and diluted common share Financial Results for the First Quarter of 2023 Consolidated total revenue for the first quarter of 2023 increased 53%, or $4.3 million, to $12.5 million compared to $8.2 million for the first quarter of 2022.

Crexendo Announces First Quarter 2023 Results

PHOENIX, AZ / ACCESSWIRE / April 28, 2023 / Crexendo, Inc. (NASDAQ:CXDO) announced it will hold its first quarter 2023 financial results conference call on May 9, 2023, at 4:30 PM EST. Jeff Korn, Chief Executive Officer, Doug Gaylor, President and Chief Operating Officer and Ron Vincent, Chief Financial Officer, will deliver prepared remarks and conduct a question-and-answer session.

Crexendo, Inc. to Issue First Quarter 2023 Financial Results on May 9, 2023, at 4:30 PM EST

PHOENIX, AZ / ACCESSWIRE / April 19, 2023 / Crexendo, Inc. (NASDAQ:CXDO) is an award-winning premier provider of cloud communication platform and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business. Our solutions currently support over three million end users globally.

Crexendo Adds Jenne, Inc. as New Technology Services Brokerage Partner

PHOENIX, AZ / ACCESSWIRE / April 4, 2023 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), a premier platform and provider of cloud communication services, video collaboration and managed IT services, announced it will be presenting at the Planet MicroCap Showcase: VEGAS 2023 on Wednesday, April 26, 2023 at 11:30 am PST. Doug Gaylor, President and COO and Ron Vincent CFO will be hosting the investor presentation and answering questions at the conclusion.

Crexendo to Present at the Planet MicroCap Showcase Las Vegas 2023

PHOENIX, AZ / ACCESSWIRE / March 21, 2023 / Crexendo, Inc. (NASDAQ:CXDO) today announced that on March 14, 2023, its Board of Directors declared a quarterly cash dividend of $0.005 per common share to be paid on April 11, 2023, to all stockholders of record as of the close of business on the March 31, 2023. Crexendo's previous quarterly dividend of $0.005 per common share was paid on December 8, 2022.

Crexendo Declares Quarterly Cash Dividend of $0.005 per Common Share

PHOENIX, AZ / ACCESSWIRE / March 21, 2023 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), a premier platform and provider of cloud communication services, video collaboration and managed IT services, has appointed Gateway Investor Relations, a leading strategic financial communications and capital markets advisory firm, to manage its expanded investor relations program initiatives, including providing corporate messaging and other consulting services to the Company. Gateway has begun working with Crexendo management to develop and deploy a comprehensive outreach and communications program.

Crexendo Appoints Gateway to Lead Expanded Investor Relations Program

Crexendo, Inc. (NASDAQ:CXDO ) Q4 2022 Earnings Conference Call March 14, 2023 4:30 PM ET Company Participants Steve Mihaylo - Chairman Jeff Korn - Chief Executive Officer Ron Vincent - Chief Financial Officer Doug Gaylor - Chief Operating Officer & President Jon Brinton - Chief Revenue Officer Conference Call Participants Eric Martinuzzi - Lake Street Josh Nichols - B. Riley Mike Latimore - Northland Capital Market Chris Sakai - Singular Research Michael Kaufman - MK Investments Operator Greetings.

Crexendo, Inc. (CXDO) Q4 2022 Earnings Call Transcript

Crexendo (CXDO) delivered earnings and revenue surprises of 200% and 7.29%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Crexendo (CXDO) Surpasses Q4 Earnings and Revenue Estimates

PHOENIX, AZ / ACCESSWIRE / March 14, 2023 / Crexendo, Inc. (NASDAQ:CXDO) is an award-winning premier provider of cloud communication platform and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business. Our solutions currently support over three million end users globally.

Crexendo Announces Fourth Quarter and Full Year 2022 Results

PHOENIX, AZ / ACCESSWIRE / March 14, 2023, Crexendo, Inc. (NASDAQ:CXDO) is an award-winning premier provider of cloud communication platform and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business. Our solutions currently support over three million end users globally.

Crexendo Appoints Jeffrey G. Korn as Chief Executive Officer

PHOENIX, AZ / ACCESSWIRE / March 2, 2023 / Crexendo, Inc. (NASDAQ:CXDO) announced it will hold its fourth quarter and year-end 2022 financial results conference call on March 14, 2023, at 4:30 PM EST. Steven G. Mihaylo, Chief Executive Officer, Doug Gaylor, President and Chief Operating Officer and Ron Vincent, Chief Financial Officer, will deliver prepared remarks and conduct a question-and-answer session.

Crexendo, Inc. to Issue Fourth Quarter and Year End 2022 Financial Results on March 14, 2023, at 4:30 PM EST

PHOENIX, AZ / ACCESSWIRE / February 9, 2023 / Crexendo, Inc. (NASDAQ:CXDO) an award-winning premier provider of cloud communication platform and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business, today announced that its cloud communication platform now supports over three million end users* globally. Steven G. Mihaylo, Chief Executive Officer commented "This is phenomenal news which we are very proud to announce.

Crexendo Surpasses Three Million Users

PHOENIX, AZ / ACCESSWIRE / January 18, 2023 / Crexendo, Inc. (NASDAQ:CXDO) an award-winning premier provider of Unified Communications as a Service (UCaaS), Call Center as a Service (CCaaS), communication platform software solutions, and video collaboration solutions & services designed to provide enterprise-class cloud communication solutions to any size business through our business partners, agents, and direct channels today announced that they will be exhibiting at IT EXPO 2023 in Fort Lauderdale from February 14- 17th. Crexendo will be exhibiting at booth #434 during the Expo and meeting one on one with partners, agents, and prospects during the event.

Crexendo to Present its Award-Winning Solutions at IT EXPO 2023

PHOENIX, AZ / ACCESSWIRE / December 5, 2022 / Crexendo, Inc. (NASDAQ:CXDO) an award-winning premier provider of Unified Communications as a Service (UCaaS), Call Center as a Service (CCaaS), communication platform software solutions, and video collaboration services designed to provide enterprise-class cloud communication solutions to any size business through our business partners, agents, and direct channels today announced that they will be presenting virtually at the Planet MicroCap Showcase: VIRTUAL 2022 on Wednesday, December 7, and in person at the Singular Research "Best of the Uncovered Conference" on December 8, 2022. Doug Gaylor, President and Chief Operating Officer and Ron Vincent, Chief Financial Officer of Crexendo, will be giving the presentation and will be available for individual meetings with investors attending the in-person conference.

Crexendo to Present at Upcoming Conferences Planet MicroCap Showcase: VIRTUAL 2022 on Wednesday, December 7, 2022 Singular Research “Best of the Uncovered Conference” on December 8, 2022

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Crexendo (CXDO) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Crexendo (CXDO) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

Crexendo, Inc. (NASDAQ:CXDO ) Q3 2022 Earnings Conference Call November 10, 2022 4:30 PM ET Company Participants Steve Mihaylo – Chairman and Chief Executive Officer Jeff Korn – General Counsel Ron Vincent – Chief Financial Officer Doug Gaylor – President and Chief Operating Officer Anand Buch – Chief Strategy Officer Conference Call Participants Chris Sakai – Singular Research Michael Kaufman – MK Investments Operator Good day, everyone, and welcome to the Crexendo Third Quarter 2022 Earnings Call. [Operator Instructions] It is now my pleasure to turn the conference over to Mr.

Crexendo, Inc. (CXDO) Q3 2022 Earnings Call Transcript

PHOENIX, AZ / ACCESSWIRE / November 10, 2022 / Crexendo, Inc. (NASDAQ:CXDO) is an award-winning premier provider of Unified Communications as a Service (UCaaS), Call Center as a Service (CCaaS), communication platform software solutions, and collaboration services with video designed to provide enterprise-class cloud communication solutions to any size business through our business partners, software licensees, agents and direct channels. Our solutions currently support over 2.5 million end users globally and was recently recognized as the fastest growing UCaaS platform in the United States.

Crexendo Announces Third Quarter 2022 Results

PHOENIX, AZ / ACCESSWIRE / November 1, 2022 / Crexendo, Inc. (NASDAQ:CXDO) announced it will hold its third quarter 2022 financial results conference call on November 10, 2022, at 4:30 PM EST. Steven G. Mihaylo, Chief Executive Officer, Doug Gaylor, President and Chief Operating Officer and Ron Vincent, Chief Financial Officer, will deliver prepared remarks and conduct a question-and-answer session.

Crexendo, Inc. to Issue Third Quarter 2022 Financial Results on November 10, 2022, at 4:30 PM EST

PHOENIX, AZ / ACCESSWIRE / October 21, 2022 / Crexendo®, Inc. ("Crexendo") (NASDAQ:CXDO) an award-winning premier provider of Unified Communications as a Service (UCaaS), Call Center as a Service (CCaaS), communication platform software solutions, and collaboration services designed to provide enterprise-class cloud communication solutions to any size business through our business partners, agents, and direct channels today announced that it has entered into a definitive agreement under which Crexendo will acquire Allegiant Networks, LLC ("Allegiant"). The proposed transaction will expand Crexendo's business and footprint, particularly in Kansas and Missouri.

Crexendo Announces Agreement to Acquire Allegiant Networks, LLC

PHOENIX, AZ / ACCESSWIRE / October 13, 2022 / Crexendo, Inc. (NASDAQ:CXDO) an award-winning premier provider of Unified Communications as a Service (UCaaS), Call Center as a Service (CCaaS), communication platform software solutions, and video collaboration services designed to provide enterprise-class cloud communication solutions to any size business through our business partners, agents, and direct channels today announced that they will be presenting at the LD Micro Main Event being held October 25th through October 27th at Luxe Sunset Boulevard Hotel in Los Angeles, California. Doug Gaylor, President and Chief Operating Officer and Ron Vincent, Chief Financial Officer of Crexendo, will be giving the presentation and will be available for individual meetings with investors attending the conference in person.

Crexendo to Present at LD MICRO MAIN EVENT XV Conference on Tuesday October 25th

PHOENIX, AZ / ACCESSWIRE / October 11, 2022 / Crexendo®, Inc. (NASDAQ:CXDO) an award-winning premier provider of Unified Communications as a Service (UCaaS), Call Center as a Service (CCaaS), communication platform software solutions, and video collaboration services designed to provide enterprise-class cloud communication solutions to any size business through our business partners, agents, and direct channels announced that it has completed the 12th annual Crexendo® powered NetSapiens® User Group meeting (UGM). The meeting took place at the JW Marriott Turnberry Resort and Spa, Miami Florida October 2nd through 6th.

Crexendo(R) Announces Record Attendance at its 2022 User Group Meeting for the NetSapiens Award-Winning Communications Platform

PHOENIX, AZ / ACCESSWIRE / September 13, 2022 / Crexendo®, Inc. (NASDAQ:CXDO) an award-winning premier provider of Unified Communications as a Service (UCaaS), Call Center as a Service (CCaaS), communication platform software solutions, and collaboration services designed to provide enterprise-class cloud communication solutions to any size business through our business partners, agents, and direct channels today announced Fuse.Cloud has selected Crexendo® to host and run their communication solutions offerings using the award winning Crexendo® powered by NetSapiens® platform. Fuse.Cloud an industry leader for VoIP, Internet, and IT Managed Services for businesses announced today the strategic partnership with Crexendo® as a replacement for its Cisco-BroadSoft solution.

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