Crexendo, Inc.

Earnings data Q1 2021

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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. is experiencing double-digit organic growth in mostly recurring revenue with operating expenses to compress, suggesting huge operating leverage potential. The company has the best-in-class product offering in a rapidly expanding industry, with a pristine balance sheet and management that focuses on shareholder value. I put the fair value of Crexendo, Inc. shares at $10, but if the acquisition strategy works as expected, I'd raise this to $15.

Crexendo: M&A Strategy To Turbocharge Organically Increasing Cash Flows

PHOENIX, AZ / ACCESSWIRE / June 19, 2024 / Crexendo, Inc. (NASDAQ:CXDO), an award-winning premier provider of cloud communication platforms and services, video collaboration, and managed IT services designed to provide enterprise-class cloud solutions to any size business, is excited to announce the appointment of Tim Wilbourn as the new Senior Vice President of Support and Customer Success. Mr. Wilbourn brings over a decade of expertise in customer experience and strategic leadership within the Software as a Service (SaaS) and Unified Communications as a Service (UCaaS) sectors.

Crexendo Names Tim Wilbourn as Senior Vice President of Support and Customer Success

PHOENIX, AZ / ACCESSWIRE / June 6, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning premier provider of cloud communication platforms and services, video collaboration, and managed IT services designed to provide enterprise-class cloud solutions to any size business, today announced that the Crexendo NetSapiens software platform has received the 2024 INTERNET TELEPHONY Product of the Year Award by TMC, a global, integrated media company. "This accomplishment underscores our unwavering commitment to delivering unparalleled innovation, which I am convinced is the reason for our remarkable growth.

Crexendo Secures INTERNET TELEPHONY Product of the Year Award for Fourth Consecutive Year

Crexendo (CXDO) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Down -32.47% in 4 Weeks, Here's Why You Should You Buy the Dip in Crexendo (CXDO)

Crexendo, Inc. (NASDAQ:CXDO ) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Jeff Korn - Chairman & Chief Executive Officer Jon Brinton - Chief Revenue Officer Ron Vincent - Chief Financial Officer Doug Gaylor - President & Chief Operating Officer Anand Buch - Chief Scientific Officer Conference Call Participants Mike Latimore - Northland Capital America Josh Nichols - B. Riley Eric Martinuzzi - Lake Street Chris Sakai - Singular Research Operator Greetings and welcome to the Crexendo First Quarter 2024 Earnings Call.

Crexendo, Inc. (CXDO) Q1 2024 Earnings Call Transcript

The headline numbers for Crexendo (CXDO) give insight into how the company performed in the quarter ended March 2024, 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) Q1 Earnings

Crexendo (CXDO) came out with quarterly earnings of $0.06 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.02 per share a year ago.

Crexendo (CXDO) Q1 Earnings Match Estimates

PHOENIX, AZ / ACCESSWIRE / May 7, 2024 / 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, 2024. First Quarter Financial highlights: Total revenue increased 14% year-over-year to $14.3 million GAAP net income of $434,000, or $0.02 per basic common share and $0.01 per diluted common share Non-GAAP net income of $1.9 million, or $0.07 per basic common share and $0.06 per diluted common share Financial Results for the First Quarter of 2024 Total Revenue: Consolidated total revenue for the first quarter of 2024 increased 14%, or $1.8 million, to $14.3 million compared to $12.5 million for the first quarter of 2023.

Crexendo Announces First Quarter 2024 Results

Oracle

PHOENIX, AZ / ACCESSWIRE / May 7, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning premier provider of cloud communication platforms and services, video collaboration, and managed IT services designed to provide enterprise-class cloud solutions to any size business, today announced availability of its hosted services globally on Oracle Cloud Infrastructure (OCI), marking a pivotal moment in Crexendo's rapid growth and geographic expansion. Working with OCI will help simplify Crexendo partners' business of operating a unified communications platform, and the security-first approach of OCI allows customers to not have to compromise between reliability, security, and cost.

Crexendo Selects Oracle Cloud Infrastructure to Support Unprecedented Company Growth

PHOENIX, AZ / ACCESSWIRE / April 30, 2024 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), an award-winning premier provider of cloud communication platforms and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business announced today that it will be presenting at the 19th Annual Needham Technology, Media & Consumer Conference in New York, NY on May 14th, 2024. The conference will feature leading public and private companies across the technology, media and consumer sectors and include company presentations, fireside chats, thematic panels and 1-on-1 meetings for qualified institutional investors.

Crexendo To Present at the 19th Annual Needham Technology, Media & Consumer Conference on Tuesday, May 14, 2024

Zacks.com users have recently been watching Crexendo (CXDO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Investors Heavily Search Crexendo Inc. (CXDO): Here is What You Need to Know

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Here are four top-performing liquid stocks, Abercrombie & Fitch (ANF), Semrush Holdings (SEMR), Crexendo (CXDO) and QuickLogic Corporation (QUIK), which investors can add to their portfolio to augment returns.

4 Top-Ranked Liquid Stocks to Bet on for Alluring Returns

PHOENIX, AZ / ACCESSWIRE / April 23, 2024 / Crexendo, Inc. (NASDAQ:CXDO) announced it will hold its first quarter 2024 financial results conference call on May 7, 2024, 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 2024 Financial Results on May 7, 2024, at 4:30 PM EST

PHOENIX, AZ / ACCESSWIRE / April 23, 2024 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), an award-winning premier provider of cloud communication platforms and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business announced today that it will be presenting at the Planet MicroCap Showcase: VEGAS 2024 at the Paris Hotel & Casino on Wednesday, May 1, 2024 at 11:00 am PDT in the Top Tier Track 1. Doug Gaylor, President, and Chief Operating Officer will be available for individual 1x1 meetings with investors on Thursday May 2, 2024.

Crexendo to Present at The Planet MicroCap Showcase: VEGAS 2024

In the most recent trading session, Crexendo (CXDO) closed at $4, indicating no shift from the previous trading day.

Crexendo (CXDO) Flat As Market Gains: What You Should Know

PHOENIX, AZ / ACCESSWIRE / April 16, 2024 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), an award-winning premier provider of cloud communication platforms 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 four and a half million end users* globally. When Crexendo acquired NetSapiens in June of 2021 there were approximately 1.7 million users on the platform, and since then, platform use has increased over 150%.

Crexendo Growth Surges with Four and a Half Million Users on its Software Platform With Platform Growing At Nearly Twice The Industry Average

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A rate cut this year would be a tailwind for the capital-intensive Internet - Services industry although the economic slowdown reduces visibility. Crexendo (CXDO), Upwork (UPWK) and Uber (UBER) are worth picking from this very broad-based industry.

3 Picks from the Still-Strong Internet Services Industry

Crexendo (CXDO) reachead $4.60 at the closing of the latest trading day, reflecting a -1.92% change compared to its last close.

Crexendo (CXDO) Declines More Than Market: Some Information for Investors

PHOENIX, AZ / ACCESSWIRE / April 10, 2024 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), an award-winning premier provider of cloud communication platforms and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business, today announced that it will ring the Nasdaq Stock Market ("Nasdaq") closing bell on Tuesday April 16, 2024. This honor follows Crexendo having been honored by Frost & Sullivan with the 2024 North American Competitive Strategy Leadership Award for its software platform, the award pointed out a remarkable 36% increase in seats (users) in 2023-nearly double the industry average.

Crexendo to Ring Nasdaq Closing Bell on April 16, 2024

Crexendo (CXDO) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How Crexendo (CXDO) Stock Stands Out in a Strong Industry

The company was also voted a top trending provider for VoIP, UCaaS, and CCaaS, by real customers. PHOENIX, AZ / ACCESSWIRE / April 2, 2024 / 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 it has been ranked first in 19 customer satisfaction categories in G2's Spring 2024 Reports for VoIP, UCaaS, and Customer Communications Management.

Crexendo(R) Ranked #1 in 19 Customer Satisfaction Categories in G2's Spring 2024 Reports, Marking the Fifth Consecutive Quarter That Crexendo Has Been Rated First in Multiple Satisfaction Categories

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CXDO, HITI, SIGA, CPG and CTKB have been added to the Zacks Rank #1 (Strong Buy) List on April 2, 2023.

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PHOENIX, AZ / ACCESSWIRE / March 27, 2024 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), an award-winning premier provider of cloud communication platforms and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business announced today that it will be presenting at the 14th Annual LD Micro Invitational at the Sofitel New York on April 8th-9th, 2024. Doug Gaylor, President, and Chief Operating Officer and Ron Vincent, Chief Financial Officer will be available for individual 1x1 meetings with investors.

Crexendo to Present at The LD Micro Invitational XIV

PHOENIX, AZ / ACCESSWIRE / March 11, 2024 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), an award-winning premier provider of cloud communication platforms and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business, and Reinvent Telecom today announced that Crexendo's Award Winning NetSapiens Platform has been chosen to power Reinvent's next generation white label UC&C (Unified Communications & Collaboration) offering to its community of reseller partners. "We're thrilled to partner with Crexendo on the rollout of Reinvent's new unified communications and collaboration platform," said Bill Bryant, President of Reinvent Telecom and Saddleback Communications.

Crexendo's NetSapiens Platform Powers Reinvent Telecom's Next-Generation Communications & Collaboration Platform

Crexendo, Inc. (NASDAQ:CXDO ) Q4 2023 Earnings Conference Call March 5, 2024 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 Michael Latimore - Northland Capital Josh Nichols - B. Riley Max Michaelis - Lake Street John Roy - Water Tower Research Chris Sakai - Singular Research Michael Kaufman - MK Investments Operator Greetings.

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