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Crexendo(CXDO) - 2019 Q3 - Quarterly Report
2019-11-05 22:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ——————— ——————— ——————— FORM 10-Q ——————— (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ________ to ________. Commission file number 001-32277 Crexendo, Inc. (Exact name of registrant as specified in its chart ...
Crexendo(CXDO) - 2019 Q2 - Earnings Call Transcript
2019-08-11 08:00
Crexendo, Inc. (NASDAQ:CXDO) Q2 2019 Earnings Conference Call August 6, 2019 5:30 PM ET Company Participants Steven Mihaylo - Chairman and CEO Jeffrey Korn - Secretary Ronald Vincent - CFO Douglas Gaylor - COO and President Conference Call Participants William Gibson - ROTH Capital Partners Kevin Dede - H.C. Wainwright & Co Michael Kaufman - MK Investments Arham Khan - Eden Capital Operator Good day, ladies and gentlemen, and welcome to the Crexendo’s Second Quarter 2019 Earnings Call. [Operator Instructio ...
Crexendo(CXDO) - 2019 Q2 - Quarterly Report
2019-08-06 21:21
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ——————— ——————— ——————— FORM 10-Q ——————— (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ________ to ________. Commission file number 001-32277 Crexendo, Inc. (Exact name of registrant as specified in its charter) N ...
Crexendo (CXDO) Investor Presentation - Slideshow
2019-06-07 15:50
Investor Presentation June 2019 Symbol OTCQX: CXDO Safe Harbor This presentation includes forward-looking statements within the meaning of the federal securities laws. These statements relate to, among other things, our history, our business lines, business strategy, goals , plans and expectations concerning our business, our market position and the growth of our business, business lines and future business plans in which we compete and the benefits that our customers will realize from our services. We use ...
Crexendo(CXDO) - 2019 Q1 - Earnings Call Transcript
2019-05-04 02:30
Financial Data and Key Metrics Changes - The company reported a consolidated revenue increase of 24% to $3.5 million for Q1 2019 compared to $2.8 million in Q1 2018 [15] - Net income for Q1 2019 was $239,000 or $0.02 per diluted common share, a significant improvement from a net loss of $63,000 in Q1 2018 [9][18] - Cash provided by operating activities increased by $294,000 compared to a net loss of $127,000 in Q1 2018 [12] - EBITDA for Q1 was $263,000 compared to a loss of $44,000 for the same period last year [19] Business Line Data and Key Metrics Changes - Cloud Telecommunications segment service revenue increased by 28% to $2.8 million compared to $2.2 million in Q1 2018 [16] - Web Services segment revenue decreased by 21% to $178,000 compared to $225,000 in Q1 2018 [16] - Product revenue increased by 32% to $484,000 compared to $366,000 in Q1 2018 [17] Market Data and Key Metrics Changes - The company highlighted that approximately 70% of the SMB and small enterprise market is still using legacy premise-based equipment, indicating significant growth opportunities [26] - The U.S. market for the company's services is estimated to be over $100 billion, with a worldwide market close to $1 trillion [30][35] Company Strategy and Development Direction - The company aims to expand its white label program, allowing partners to sell the Crexendo platform under their own branding, which is expected to enhance revenue opportunities [27] - The focus remains on achieving GAAP profitability through careful management of expenses and strategic growth [28] - The company is positioned to capitalize on the challenges faced by competitors, which may lead to increased partnership opportunities [56][62] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to continue growing and providing shareholder value, citing strong sales bookings and a healthy backlog [24][37] - The competitive landscape is seen as favorable, with many competitors facing significant challenges, allowing the company to attract new partners [56][62] - Management emphasized the importance of maintaining a stable cost structure while pursuing organic growth [95] Other Important Information - The company reported a cash balance of $2.2 million as of March 31, 2019, up from $1.9 million at the end of 2018 [20] - The company has a low attrition rate of 2% or less per year, indicating strong customer retention [37] Q&A Session Summary Question: What is the dollar value of the served market that you're going after? - The worldwide market is estimated to be close to $1 trillion, with the U.S. market being over $100 billion [30] Question: Can you explain the difference between service and product revenue? - Product revenue comes from the sale of physical devices, while service revenue is primarily recurring from telecom services [46] Question: Do you see any seasonality in your business? - Management does not see significant seasonality, as the need for phone systems is consistent throughout the year [53] Question: How is the backlog calculated and recognized? - Backlog consists of contracted obligations, and revenue is recognized monthly as services are provided [66] Question: Are there any M&A opportunities being considered? - The company is cautious about M&A, focusing on organic growth and only pursuing opportunities that make financial sense [69][74]
Crexendo(CXDO) - 2019 Q1 - Quarterly Report
2019-04-30 21:21
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ——————— ——————— ——————— Emerging growth company ☐ FORM 10-Q ——————— (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ________ to ________. Commission file number 001-32277 Crexendo, Inc. (Exact name of registrant as ...
Crexendo(CXDO) - 2018 Q4 - Earnings Call Transcript
2019-03-06 01:59
Crexendo, Inc. (NASDAQ:CXDO) Q4 2018 Earnings Conference Call March 5, 2019 5:30 PM ET Company Participants Steve Mihaylo - Chairman & Chief Executive Officer Jeff Korn - General Counsel Doug Gaylor - President & Chief Operating Officer Ron Vincent - Chief Financial Officer Conference Call Participants Michael Kaufman - MK Investment Operator Good day, ladies and gentlemen, and welcome to the Crexendo Fourth Quarter and Year End 2018 Earnings Call. All lines have been placed on listen-only mode and the floo ...
Crexendo(CXDO) - 2018 Q4 - Annual Report
2019-03-05 23:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018: Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Crexendo, Inc. (Exact name of registrant as specified in its charter) Nevada 001-32277 (State or Other Jurisdiction of Incorporation or Organization) (Commission FileNumber) | --- | --- | --- | |-------|- ...