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.

Over 500k End Users Added Since Mid-September 2023 PHOENIX, AZ / ACCESSWIRE / December 19, 2023 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), an award-winning, premier platform and provider of cloud communication services, video collaboration and managed IT services, today announced that its cloud communication platform now supports over four million end users* globally. When Crexendo acquired the NetSapiens platform in June of 2021 there were approximately 1.7 million users on the platform.

Crexendo Continues Rapid Growth, Surpasses Four Million Users

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What Makes Crexendo (CXDO) a Strong Momentum Stock: Buy Now?

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Crexendo, Inc. (NASDAQ:CXDO ) Q3 2023 Earnings Conference Call November 9, 2023 4:30 PM ET Company Participants Jeff Korn - CEO Jon Brinton - CRO Ron Vincent - CFO Doug Gaylor - COO and President Anand Buch - CSO Conference Call Participants Vivek Palani - Northland Capital Tony Felling - Lake Street Capital Chris Sakai - Singular Research Maj Soueidan - GeoInvesting. Kate Knop - B.

Crexendo, Inc. (CXDO) Q3 2023 Earnings Call Transcript

The headline numbers for Crexendo (CXDO) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Crexendo (CXDO) Reports Q3 Earnings: What Key Metrics Have to Say

Crexendo (CXDO) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.03 per share a year ago.

Crexendo (CXDO) Tops Q3 Earnings and Revenue Estimates

PHOENIX, AZ / ACCESSWIRE / November 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 third quarter ended September 30, 2023. Third Quarter Financial highlights: Total revenue increased 52% year-over-year to $13.9 million GAAP net income of $1.7 million, or $0.07 per basic common share and $0.06 per diluted common share Non-GAAP net income of $3.3 million, or $0.13 per basic common share and $0.12 per diluted common share Financial Results for the Third Quarter of 2023 (in thousands, except per share data) Consolidated total revenue for the third quarter of 2023 increased 52%, or $4.7 million, to $13.9 million compared to $9.1 million for the third quarter of 2022.

Crexendo Announces Third Quarter 2023 Results

PHOENIX, AZ / ACCESSWIRE / October 26, 2023 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), an award-winning premier provider of cloud communication platform and services, video collaboration, and managed IT services, today announced that its annual User Group Meeting ("UGM"), which took place from October 16 to 19 in Scottsdale, Arizona, brought together a record number of industry leaders, innovators, and partners. Crexendo also unveiled new CPaaS or programmable communications capabilities via its API 2.0 release at the UGM.

Crexendo Sets Attendance Records and Introduces New CPaaS Capabilities with API 2.0 at the 2023 User Group Meeting

PHOENIX, AZ / ACCESSWIRE / October 26, 2023 / Crexendo, Inc. (NASDAQ:CXDO) announced it will hold its third quarter 2023 financial results conference call on November 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 Third Quarter 2023 Financial Results on November 9, 2023, at 4:30 PM EST

Expanding Hospitality-Ready Telephony Solutions to Market PHOENIX, AZ and LOS ANGELES, CA / ACCESSWIRE / October 18, 2023 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), an award-winning premier provider of cloud communication platform and services, video collaboration, and managed IT services, and ​​Nomadix® Inc​., bringing connected experiences to life, today announced the signing of a strategic distribution agreement.

Crexendo and Nomadix Sign Strategic Distribution Agreement

Fostering Innovation Within a Thriving Ecosystem Supporting 3.5 Million Global Users PHOENIX, AZ / ACCESSWIRE / October 4, 2023 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), an award-winning premier provider of cloud communication platform and services, video collaboration, and managed IT services, today announced the lineup of sponsors for its upcoming annual User Group Meeting ("UGM"). This year's sponsor list reflects the largest and most diverse partner ecosystem in Crexendo's history and promises to be a landmark gathering of industry leaders, influencers, and visionaries.

Crexendo Announces Record Sponsorships for Upcoming 2023 User Group Meeting

PHOENIX, AZ / ACCESSWIRE / September 27, 2023 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), an award-winning premier provider of cloud communication platform and services, video collaboration and managed IT services, today announced the launch of its new Generative AI technology features powered by ChatGPT in the Company's Contact Center solution. By harnessing the power of AI and natural language processing, Crexendo's technology will enable real-time conversations that feel natural yet are dynamic enough to respond to complex requests, comments and questions.

Crexendo Unveils Cutting-Edge Generative AI Technology Using ChatGPT

Presentation on Wednesday, October 4th at 10:30 am PT Phoenix, Arizona--(Newsfile Corp. - September 25, 2023) - Crexendo (NASDAQ: CXDO), is an award-winning premier provider of cloud communication platform and services, video collaboration and managed IT services currently supporting over 3.5 million end users, announced today that it will be presenting at the 16th annual Main Event on Wednesday, October 4th at 10:30 am PT at the Luxe Sunset Boulevard Hotel. Doug Gaylor President & COO will be giving the presentation.

Crexendo to Present at the LD Micro Main Event XVI

PHOENIX, AZ / ACCESSWIRE / September 20, 2023 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), an award-winning premier provider of cloud communication platform and services, video collaboration and managed IT services, today announced its outstanding performance in G2's Fall 2023 Reports for VoIP, UCaaS and CCaaS as well as its win in the 2023 TMCnet Awards. In G2's Fall 2023 Reports, the Crexendo® VIP™ platform for cloud business communications was ranked first for Usability and was honored with the Best Usability award for the third quarter in a row, celebrating its powerful, user-centric features.

Crexendo Receives Multiple Industry Awards for VoIP, UCaaS and CCaaS Offerings

PHOENIX, AZ / ACCESSWIRE / September 14, 2023 / Crexendo, Inc. (Nasdaq:CXDO) ("Crexendo" or the "Company"), 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 it has joined the CPaaS Acceleration Alliance, a dynamic, global collaboration aimed at advancing Communication Platform as a Service (CPaaS) solutions. Through this strategic alliance, Crexendo will collaborate with industry leaders, sharing insights and knowledge to accelerate the evolution of CPaaS offerings.

Crexendo Joins CPaaS Acceleration Alliance to Drive Innovation Forward

Company's End User Base Has Doubled Since its Acquisition of NetSapiens® in June 2021 PHOENIX, AZ / ACCESSWIRE / September 11, 2023 / Crexendo, Inc. (Nasdaq:CXDO) ("Crexendo" or the "Company"), an award-winning, premier platform and provider of cloud communication services, video collaboration and managed IT services, today announced that its cloud communication platform now supports over three and a half million end users* globally. Crexendo continues to execute against its diversified growth strategy, including expanding user count through licensees, agents and partners; attracting enterprise and mid-sized accounts; targeting new markets and territories domestically and internationally; increasing the number of new reseller logos and platform upgrades; and developing and building out future product applications and partners.

Crexendo Surpasses Three and a Half Million Users

PHOENIX, AZ / ACCESSWIRE / September 6, 2023 / Crexendo, Inc. (Nasdaq:CXDO) ("Crexendo" or the "Company"), 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 the Company has begun participating on the Webull Corporate Communications Service Platform. The Crexendo page on the Webull Platform will help provide the Company with a direct line of communication to shareholders and followers by providing up-to-date notifications regarding corporate content such as Company news, earnings reports, investor presentations, and more.

Crexendo Joins Webull Corporate Communications Service Platform

PHOENIX, AZ / ACCESSWIRE / August 17, 2023 / Crexendo, Inc. (Nasdaq:CXDO) ("Crexendo" or the "Company"), 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, is scheduled to participate at the following financial conferences over the coming months: H.C. Wainwright 25th Annual Global Investment Conference Date: Monday-Wednesday, September 11-13, 2023Location: New York, NY Lake Street Capital Markets 7th Annual Best Ideas Growth Conference Date: Thursday, September 14, 2023Location: New York, NY Northland Capital Markets Institutional Investor Conference 2023 Date: Tuesday, September 19, 2023Location: Minneapolis, MN LD Micro 16th Annual Main Event Date: Tuesday-Thursday, October 3-5, 2023Location: Los Angeles, CA For additional information or to request a meeting, please contact your financial institution's representative or Crexendo's investor relations team at CXDO@gateway-grp.com or 949-574-3860.

Crexendo Sets Fall 2023 Financial Conference Schedule

Crexendo, Inc. (NASDAQ:CXDO ) Q2 2023 Earnings Conference Call August 10, 2023 4:30 PM ET Company Participants Jeffrey Korn - CEO Jon Brinton - CRO Ronald Vincent - CFO Doug Gaylor - COO and President Anand Buch - CSO Conference Call Participants Eric Martinuzzi - Lake Street Josh Nichols - B. Riley Chris Sakai - Singular Research Michael Kaufman - MK Investments Operator Greetings.

Crexendo, Inc. (CXDO) Q2 2023 Earnings Call Transcript

The headline numbers for Crexendo (CXDO) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Crexendo (CXDO) Q2 Earnings

PHOENIX, AZ / ACCESSWIRE / August 10, 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 second quarter ended June 30, 2023. Second Quarter Financial highlights: Total revenue increased 43% year-over-year to $12.7 million GAAP net loss of $(545,000), or $(0.02) per basic and diluted common share Non-GAAP net income of $1.1 million, or $0.04 per basic and diluted common share Financial Results for the Second Quarter of 2023 (in thousands, except per share data) Consolidated total revenue for the second quarter of 2023 increased 43%, or $3,824, to $12,670 compared to $8,846 for the second quarter of 2022.

Crexendo Announces Second Quarter 2023 Results

PHOENIX, AZ / ACCESSWIRE / August 2, 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, announced today that Access4 has now launched UC Xpress™, a revolutionary product built on the NetSapiens® platform, to expand market opportunities for its network of over 400 resellers. "Access4 has historically been a Cisco Broadsoft powered solution, however, to support our rapid expansion plans we needed to introduce a commercially flexible solution with an industry-leading, robust feature set.

Access4 Introduces UC Xpress(TM) - A Revolutionary Solution Powered by Crexendo's NetSapiens(R) Platform for Resellers in Australia & New Zealand

PHOENIX, AZ / ACCESSWIRE / July 18, 2023 / Crexendo, Inc. (NASDAQ:CXDO) announced it will hold its second quarter 2023 financial results conference call on August 10, 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 Second Quarter 2023 Financial Results on August 10, 2023, at 4:30 PM EST

Presentation on June 6th at 4:00 PT on Track 1. PHOENIX, AZ / ACCESSWIRE / May 25, 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 it will be presenting at the 13th Annual LD Micro Invitational at the Luxe Sunset Boulevard Hotel, California on June 6th-8th, 2023.

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