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.

PHOENIX, AZ / ACCESSWIRE / July 28, 2021 / Crexendo, Inc. (NASDAQ:CXDO) announced it will hold its second quarter 2021 financial results conference call on August 10, 2021 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 Second Quarter 2021 Financial Results on August 10, 2021 at 4:30 PM EST

Crexendo (CXDO) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Crexendo (CXDO) Surges 7.2%: Is This an Indication of Further Gains?

PHOENIX, AZ / ACCESSWIRE / June 21, 2021 / Crexendo, Inc. (NASDAQ:CXDO) an award-winning premier provider of cloud communications, UCaaS (Unified Communications as a Service), call center, collaboration services, and other cloud business services that are designed to provide enterprise-class cloud services to any size business at affordable monthly rates, today announced that NetSapiens and Crexendo will be attending ITEXPO 2021 in Miami, Florida this week. The annual event brings service providers, developers, IT professionals, and business owners together to discuss the latest innovations in communications technology solutions.

Crexendo and Netsapiens to Attend ITEXPO

Crexendo will leverage Rev.io's sophisticated billing platform and cutting-edge customer management system to accommodate new product launches, automate key billing processes. PHOENIX, AZ / ACCESSWIRE / June 17, 2021 / Crexendo, Inc. (NASDAQ:CXDO) an award-winning premier provider of cloud communications, UCaaS (Unified Communications as a Service), call center, collaboration services, and other cloud business services that are designed to provide enterprise-class cloud services to any size business at affordable monthly rates, today announced a new strategic billing partnership with Rev.io.

Crexendo Selects Rev.io as Partner to Support Growth

PHOENIX, AZ / ACCESSWIRE / June 15, 2021 / Crexendo, Inc. (NASDAQ:CXDO) an award-winning premier provider of cloud communications, UCaaS (Unified Communications as a Service), call center, collaboration services, and other cloud business services that are designed to provide enterprise-class cloud services to any size business at affordable monthly rates, today announced that Crexendo has been included in the list of companies accepted to be joining the Russell Microcap® Index, effective June 28, 2021, according to a preliminary list of additions posted June 4, 2021. Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes.

Crexendo to Join Russell Microcap Index

PHOENIX, AZ / ACCESSWIRE / June 14, 2021 / Crexendo, Inc. (NASDAQ:CXDO) an award-winning premier provider of cloud communications, UCaaS (Unified Communications as a Service), call center, collaboration services, and other cloud business services that are designed to provide enterprise-class cloud services to any size business at affordable monthly rates, today announced that Crexendo is scheduled to present at the Colliers Securities Virtual Bus Tour on Monday June 14, 2021. Doug Gaylor, President and Chief Operating Officer and Ron Vincent Chief Financial Officer of Crexendo, will be giving the presentation.

Crexendo to Present at Colliers Securities Virtual Bus Tour

Crexendo expands its UCaaS portfolio with the VIP Platform launch Features the 100% UPTIME Guarantee for Service Reliability Delivers Powerful Video, Interactions, and Phone Communications Features Advanced Customer Experience Capabilities PHOENIX, AZ / ACCESSWIRE / June 8, 2021 / Crexendo, Inc. (NASDAQ:CXDO) an award-winning premier provider of cloud communications, UCaaS (Unified Communications as a Service), call center, collaboration services, and other cloud business services that are designed to provide enterprise-class cloud services to any size business at affordable monthly rates, today announced, announced the release of the Crexendo VIP Platform, delivering best-in-class Video, Interactions, and Business Phone communications tailored to how you work today. Crexendo is backing the VIP Platform with the 100% UPTIME Guarantee*.

Crexendo Launches the VIP Cloud Communications Platform for Business Featuring the 100% UPTIME Service Guarantee

PHOENIX, AZ / ACCESSWIRE / June 4, 2021 / Crexendo, Inc. (NASDAQ:CXDO) an award-winning premier provider of cloud communications, UCaaS (Unified Communications as a Service), call center, collaboration services, and other cloud business services that are designed to provide enterprise-class cloud services to any size business at affordable monthly rates, today announced that Crexendo is scheduled to present at the LD Micro Invitational as a Hall of Fame presenter on June 8th at 4:00 PM Eastern (track 1). Doug Gaylor, President and Chief Operating Officer and Ron Vincent Chief Financial Officer of Crexendo, will be giving the presentation.

Crexendo to Present at LD Micro Invitational as Hall of Fame Presenter

PHOENIX, AZ / ACCESSWIRE / June 1, 2021 / Crexendo, Inc. (NASDAQ:CXDO) an award-winning premier provider of cloud communications, UCaaS (Unified Communications as a Service), call center, collaboration services, and other cloud business services that are designed to provide enterprise-class cloud services to any size business at affordable monthly rates, today announced that it has closed its previously announced merger with NetSapiens, Inc. The merger was supported by over 99% of voting Crexendo shareholders and 100% of the NetSapiens shareholders. The transaction was valued at approximately $50 million, consisting of $10 million in cash, and approximately $40 million in common stock and stock options.

Crexendo Announces Closure of NetSapiens Merger

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Crexendo Among Today's Top Buys As Major Indices Plummet

Crexendo (CXDO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Crexendo (CXDO) Rating Upgrade to Buy

PHOENIX, AZ / ACCESSWIRE / May 11, 2021 / Crexendo, Inc. (NASDAQ:CXDO), an award-winning premier provider of cloud communications, UCaaS (Unified Communications as a Service), call center, collaboration services, and other cloud business services that are designed to provide enterprise-class cloud services to any size business at affordable monthly rates, today reported financial results for the first quarter ended March 31, 2021. First Quarter Financial highlights: Total revenue increased 17% year-over-year to $4.5 million.

Crexendo Announces First Quarter 2021 Results

PHOENIX, AZ / ACCESSWIRE / April 30, 2021 / Crexendo, Inc. (NASDAQ:CXDO) announced it will hold its first quarter 2021 financial results conference call on May 11, 2021 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 First Quarter 2021 Financial Results on May 11, 2021 at 4:30 PM EST

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Crexendo, Inc.'s (CXDO) CEO Steve Mihaylo on Q4 2020 Results - Earnings Call Transcript

Crexendo (CXDO) delivered earnings and revenue surprises of 1850.00% and 2.68%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Crexendo (CXDO) Q4 Earnings and Revenues Surpass Estimates

Shares of Crexendo (NASDAQ:CXDO) increased after the company reported Q4 results. Quarterly Results Earnings per share were up 1850.00% year over year to $0.39, which beat the estimate of $0.01.

Recap: Crexendo Q4 Earnings

PHOENIX, AZ / ACCESSWIRE / March 9, 2021 / Crexendo, Inc. (NASDAQ:CXDO), an award-winning premier provider of cloud communications, UCaaS (Unified Communications as a Service), call center, collaboration services, and other cloud business services that are designed to provide enterprise-class cloud services to any size business at affordable monthly rates, today reported financial results for the fourth quarter and full year ended December 31, 2020. Fourth Quarter Financial highlights: 16% increase in total revenue year-over-year to $4.3 million.

Crexendo Announces Fourth Quarter and Year Ended December 31, 2020 Results

Cloud-based UCaaS communication service company Crexendo Inc (NASDAQ: CXDO) inked an agreement to acquire NetSapiens, Inc for $50 million. NetSapiens offers a complete suite of unified communications (UC), video conferencing, Collaboration & contact center solutions to over 190 service providers, servicing over 1.7 million global users.

Crexendo Set To Acquire NetSapiens For $50M

PHOENIX, AZ / ACCESSWIRE / March 8, 2021 / Crexendo, Inc. (NASDAQ:CXDO) an award-winning premier provider of cloud communications, UCaaS (Unified Communications as a Service), call center, collaboration services, and other cloud business services that are designed to provide enterprise-class cloud services to any size business at affordable monthly rates, today announced that it had entered into a definitive agreement to acquire NetSapiens, Inc. NetSapiens is an award-winning, patented cloud-native communications platform delivered via a high availability, multi-tenant solution that can be consumed however the service providers prefer, in their cloud or the NetSapiens cloud, on a subscription or a purchase model. They currently support over 1.7 million users on their platform through a community of partners Pursuant to the agreement, Crexendo will acquire NetSapiens through a merger for approximately Fifty Million Dollars, consisting of $10 Million in cash and the remainder in stock consideration (which will include both shares of common stock and stock options), Crexendo will be issuing approximately 6,462,036 total shares and options.

Crexendo Enters into Definitive Agreement to Acquire NetSapiens

Crexendo (CXDO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Crexendo (CXDO) Reports Next Week: What You Should Expect

Crexendo's (CXDO) CEO Steve Mihaylo on Q3 2020 Results - Earnings Call Transcript

Crexendo (CXDO) delivered earnings and revenue surprises of 0.00% and 1.79%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Crexendo (CXDO) Matches Q3 Earnings Estimates

Earnings Preview: Crexendo (CXDO) Q3 Earnings Expected to Decline

Crexendo has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.

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