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.

The headline numbers for Crexendo (CXDO) give insight into how the company performed in the quarter ended December 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 Q4 Earnings: What Key Metrics Have to Say

Crexendo (CXDO) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.09 per share a year ago.

Crexendo (CXDO) Q4 Earnings and Revenues Beat Estimates

PHOENIX, AZ / ACCESSWIRE / March 5, 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 fourth quarter and fiscal year ended December 31, 2023. Financial highlights: Total revenue for the year increased 42% year-over-year to $53.2 million.

Crexendo Announces Fourth Quarter and Fiscal Year 2023 Record Results

PHOENIX, AZ / ACCESSWIRE / March 5, 2024 / 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, and the National Association of Basketball Coaches (NABC) announced today the eleventh year that the NABC Convention, held during the NCAA's Men's Final Four® Tournament, is using the Crexendo Platform ensuring a seamless cloud communication experience off the court while hosting the thousands of coaches, staff, and volunteers attending its annual convention. During the convention, approximately 3,000 coaches will be in attendance for the nation's premier professional development and networking event for basketball coaches at every level.

Crexendo Announces Its 11th Year Providing the Mobile Command Center Communications at the NABC Convention

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.

Analysts Estimate Crexendo (CXDO) to Report a Decline in Earnings: What to Look Out for

PHOENIX, AZ / ACCESSWIRE / February 22, 2024 / 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 currently supporting over four million end users globally, announced today that it will be presenting at the 36th Annual Roth Conference March 17-19, 2024, at The Ritz Carlton Laguna Niguel in Dana Point, CA Doug Gaylor, President, and Chief Operating Officer, Ron Vincent, Chief Financial Officer and Jeff Korn, Chairman of the Board of Directors and Chief Executive Officer will also be available for individual 1x1 meetings with investors. They will be highlighting the company's growth and results.

Crexendo to Present at the 36th Annual Roth Conference March 17-19, 2024, The Ritz Carlton Laguna Niguel in Dana Point, CA

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) Moves 16.7% Higher: Will This Strength Last?

PHOENIX, AZ / ACCESSWIRE / February 15, 2024 / Crexendo, Inc. (NASDAQ:CXDO) announced it will hold its fourth quarter and year-end 2023 financial results conference call on March 5, 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 Fourth Quarter and Year End 2023 Financial Results on March 5, 2024, at 4:30 PM EST

Providing Next Generation POTS Lines for Crexendo Partners Network PHOENIX, AZ / ACCESSWIRE / February 13, 2024 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), an award-winning, premier provider of cloud communications platform and services, video collaboration and managed IT services with over four million users, and ​​TELCLOUD, a Communication Platform as a Service (CPaaS) Provider for Telecommunication Providers, today announced the launch of its new POTS (Plain old Telephone Service) Replacement platform powered by TELCLOUD. The FCC has mandated that carriers must transition away from POTS lines.

Crexendo and TELCLOUD Enter into a Strategic Partnership Agreement

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Crexendo (CXDO) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Crexendo (CXDO) Surges 5.5%: Is This an Indication of Further Gains?

Crexendo® enables service providers to assume full customer ownership and control of their commercial model and operate at larger profit margins than most competitor solutions. SAN ANTONIO , Jan. 23, 2024 /PRNewswire/ --  Frost & Sullivan  recently researched the service provider cloud communications platform industry and, based on its findings, recognizes Crexendo with the 2024 North American Competitive Strategy Leadership Award.

Crexendo® Earns Frost & Sullivan's 2024 Competitive Strategy Leadership Award for Excellence in Cloud Communications

While Also Reporting 52% Year-Over-Year Total Revenue Growth in Third Quarter Financials PHOENIX, AZ / ACCESSWIRE / January 23, 2024 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), an award-winning, premier provider of cloud communications platform and services, video collaboration and managed IT services with over four million users, today announced that it has won Frost & Sullivan's 2024 Competitive Strategy Leadership Award for outstanding achievement in cloud communications. Cloud-Communications service providers seek partners that are committed to rapid innovation and align their technology roadmaps with important mega trends, including hybrid work, mobility, AI-powered services, and API-driven workflow automation.

Crexendo(R) Breaks Records with Outstanding 36% User Surge in 2023 - Nearly Double the Industry Average, Wins Frost & Sullivan Leadership Award

Crexendo is a leading provider of UCaaS. While Crexendo's share price has tripled in a short period, I think there is still room to run. Crexendo is largely focusing on the SMB market, where they are very well positioned due to their excellent customer service. The company is experiencing strong growth as the SMB segment is where the growth is, gaining market share, and generating profits and cash flow.

Crexendo: Well Positioned In SMB Segment, Top Pick For 2024

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PHOENIX, AZ / ACCESSWIRE / January 9, 2024 / 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 currently supporting over 4 million end users, announced today that it will be presenting at the Needham Growth Conference in Virtual Track 3 on January 19th at 1:30 ET. Doug Gaylor, President, and Chief Operating Officer will be presenting at the meeting with Ron Vincent, Chief Financial Officer of Crexendo.

Crexendo to Present at Needham Growth Conference Presentation On Friday, January 19th at 1:30 ET In Virtual Track 3

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Crexendo (CXDO) is a Great Momentum Stock: Should You Buy?

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Crexendo (CXDO) reaches a pivotal milestone with more than 4 million global users on its innovative cloud communication platform.

Crexendo (CXDO) Achieves 4M Users in Cloud Communications

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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On Friday, Crexendo blasted out of its two-month cup without handle with a 2.55 entry point.

News for Crexendo, Inc. Stock (CXDO)