Crexendo (CXDO) shares ended the last trading session 16.7% higher at $7.40. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 24.1% gain over the past four weeks.CXDO is riding on its expanding clientele. Its cloud communication platform’s user base has now exceeded four million globally.This company is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year c ...

Crexendo (CXDO) shares rallied 5.5% in the last trading session to close at $5.80. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 25.6% gain over the past four weeks.CXDO is riding on its expanding clientele. Its cloud communication platform’s user base has now exceeded four million globally.This company is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year ...

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, Inc. (NASDAQ: CXDO) is an industry-leading provider of cloud communica ...

Crexendo, Inc. (NASDAQ:CXDO) Q3 2023 Earnings Conference Call November 9, 2023 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 Vivek Palani - Northland Capital Tony Felling - Lake Street Capital Chris Sakai - Singular Research Maj Soueidan - GeoInvesting. Kate Knop - B. Riley Michael Kaufman - MK Investments Operator Greetings. Welcome to the Crexendo Third Quarter 2023 Earnings Call. [Operator ...

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, 2023 (Exact name of registrant as specified in its charter) incorporation or organization) Nevada 87-0591719 (State or other jurisdiction of (I.R.S. Employer Identification No.) 1615 South 52nd Street, Tempe, AZ 85281 (Address of Principal Executive Of ices) (Zip Code) OR ☐ T ...

Crexendo, Inc. (NASDAQ:CXDO) Q2 2023 Earnings Conference Call August 10, 2023 4:30 PM ET Company Participants Jeffrey Korn - CEO Jon Brinton - CRO Ronald Vincent - CFO Doug Gaylor - COO and President Anand Buch - CSO Conference Call Participants Eric Martinuzzi - Lake Street Josh Nichols - B. Riley Chris Sakai - Singular Research Michael Kaufman - MK Investments Operator Greetings. Welcome to the Crexendo Second Quarter 2023 Earnings Call. [Operator Instructions] Please note, this conference is being record ...

23 Table of Contents 9. Property and Equipment and Property and Equipment, Held for Sale Property and equipment consisted of the following (in thousands): | --- | --- | --- | --- | |-------------------------------------------|-------|---------------------------|-------------------------------| | Building | | June 30, 2023 \n$ - | December 31, 2022 \n$ 2,000 | | Land | | - | 500 | | Computer and office equipment | | 2,735 | 2,726 | | Computer software | | 647 | 576 | | Internal-use software | | 14 | 14 | | F ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2023 increased by 53% to $12.5 million compared to $8.2 million in Q1 2022, with the Allegiant acquisition contributing $3.1 million to this increase [12][40] - Organic revenue increased by $1.2 million, representing a 15% growth year-over-year [12] - Service revenue rose by 63% to $7.2 million, with Allegiant contributing $2.6 million [12] - Gross margins for telecom services were 57%, while overall gross margin was 59%, up from 67% in the prior year [13] - EBITDA loss decreased to $666,000 from $774,000 year-over-year, while adjusted EBITDA increased to $749,000 from $302,000 [14][40] - The company reported a net loss of $1.6 million for Q1 2023, compared to a net loss of $1.2 million in Q1 2022 [40] Business Line Data and Key Metrics Changes - Software Solutions segment revenue increased by 26% to $4.1 million, with organic growth contributing significantly [39] - Product revenue surged by 149% to $1.2 million, with Allegiant contributing $526,000 [39] - Telecom Services margins declined to 57% due to lower-margin contributions from Allegiant, but margins without Allegiant increased from 68% to 69% [19] Market Data and Key Metrics Changes - The company surpassed 3 million users on its platform, aiming to double the 1.7 million users from June 2021 by the end of Q2 2023 [18] - The backlog increased by 11% to $47.86 million, excluding Allegiant's backlog [83] Company Strategy and Development Direction - The company is focused on integrating acquisitions and optimizing operations to drive organic growth and improve profitability [9][10] - A hiring freeze has been implemented, with restrictions on discretionary spending to maintain financial stability amid economic uncertainties [34][52] - The integration of artificial intelligence into operations is underway to enhance efficiency and customer experience [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory despite economic headwinds, noting that recessionary conditions could benefit the UCaaS industry as businesses seek cost-cutting solutions [43] - The company anticipates significant cost savings and operational efficiencies from ongoing integration efforts over the next three quarters [10][43] - Management remains focused on improving margins and driving shareholder value, with expectations for substantial long-term profitability [37] Other Important Information - The company is in the process of selling its corporate office in Tempe, which is expected to generate approximately $2 million in cash [36][53] - The company has received multiple awards for its technology, enhancing its reputation in the market [45] Q&A Session Summary Question: What is the outlook for the Software Solutions business? - Management indicated that the business is expected to grow from Q1 to Q2, with a mix of perpetual licenses and subscriptions driving revenue [50] Question: How will the hiring freeze affect growth? - Management stated that the hiring freeze is precautionary and that the current staff is sufficient to handle growth [79] Question: What is the current subscriber count and growth drivers? - The company reported over 3 million end users, with growth driven by new licensees and upgrades from existing ones [85] Question: What is the backlog for this quarter? - The backlog increased to $47.86 million, up 11% from the previous year, excluding Allegiant's backlog [83] Question: Have there been migrations from Avaya? - Management confirmed that there has been interest from Avaya customers, particularly due to challenges faced by Avaya [84]

Goodwill – We have recorded goodwill related to various business acquisitions. Goodwill is recorded when the purchase price paid for an acquisition exceeds the estimated fair value of the net identified tangible and intangible assets acquired. In each of our acquisitions, the objective of the acquisition was to expand our product offerings and customer base and to achieve synergies related to cross selling opportunities, all of which contributed to the recognition of goodwill. We test goodwill for impairmen ...

Crexendo, Inc. (NASDAQ:CXDO) Q4 2022 Earnings Conference Call March 14, 2023 4:30 PM ET Company Participants Steve Mihaylo - Chairman Jeff Korn - Chief Executive Officer Ron Vincent - Chief Financial Officer Doug Gaylor - Chief Operating Officer & President Jon Brinton - Chief Revenue Officer Conference Call Participants Eric Martinuzzi - Lake Street Josh Nichols - B. Riley Mike Latimore - Northland Capital Market Chris Sakai - Singular Research Michael Kaufman - MK Investments Operator Greetings. Welcome t ...