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 ...

Company Overview - Crexendo is a fast-growing technology leader in the Cloud Communications and UCaaS space[4] - The company designs a patented cloud-based telecom system appealing to businesses with 5 to 5000 handsets[4] - The executive management team has over 150 years of combined experience[4] Market Opportunity - The UCaaS market is experiencing rapid growth[5] - Gartner reported that the rate organizations deploy Cloud Telephony will more than double from 2017 to 2021[5] - Research and Markets 2019 UCaaS Market Report shows the Global UCaaS market growing at a 25% CAGR between 2019 and 2024[6] - IDC forecasts the Total Available Market at $54 billion by 2022[6] Financial Performance - The company experienced a 28% increase in telecom revenues in Q1 and a 21% increase from 2017 to 2018[8] - The company achieved Non-GAAP profitability in 2018 and GAAP profitability of $0.02 per share in Q1 2019[8] - The company had positive cash flow of $427,000 in 2018 and $294,000 in Q1 2019[8] - The company's backlog increased to $242 million[17]

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]

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, 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 ...

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) | --- | --- | --- | |-------|- ...