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]
Crexendo (CXDO) Investor Presentation - Slideshow