Crexendo, Inc.

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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.

PHOENIX, AZ / ACCESSWIRE / December 17, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced that Popp Communications has chosen Crexendo's NetSapiens Platform as its next-generation replacement for their legacy Microsoft Metaswitch solution. Microsoft previously announced end-of-life for their Metaswitch MaX UC offering and has also just announced they will be selling off their Metaswitch division which has prompted many service providers to actively seek new and improved partner solutions to support their transition.

Crexendo Selected by Popp Communications to Replace Microsoft's Metaswitch Solution

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Crexendo specializes in UCaaS, integrating business communication apps into a single cloud platform, offering software services with high gross margins. Competition includes cloud infrastructure providers like Microsoft and Cisco, and service providers like 8x8 and RingCentral; Crexendo operates in both categories. Microsoft is exiting the UCaaS sector and Crexendo is winning over many of these customers, demonstrating the quality of the software it offers.

Crexendo: Microsoft's Exit Relieves Competitive Pressures

The Only UCaaS Software Platform Ranked on the Prestigious List of North America's Fastest-Growing Companies PHOENIX, AZ / ACCESSWIRE / November 21, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced it was named one of the fastest growing companies in North America on the Deloitte Technology Fast 500™, a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 30th year. Crexendo grew an impressive 225% during the award time period of 2020-2023 and ranked as the 6th fastest growing company in the Communications/Networking category.

Crexendo Named One of the Fastest-Growing Companies in North America on the 2024 Deloitte Technology Fast 500

PHOENIX, AZ / ACCESSWIRE / November 18, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, is proud to announce that its NetSapiens platform has been honored with the 2024 Generative AI Expo Product of the Year Award by TMC, a global, integrated media company. This award recognizes cutting-edge innovation in generative AI technology and its impact on cloud communications.

Crexendo's NetSapiens Platform Awarded 2024 Generative AI Expo Product of the Year Award

Crexendo (CXDO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Crexendo (CXDO) Upgraded to Buy: What Does It Mean for the Stock?

PHOENIX, AZ / ACCESSWIRE / November 12, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced that Akabis has selected Crexendo's NetSapiens Platform as its next-generation solution to replace their Microsoft Metaswitch platform following Microsoft's recent end-of-life (EOL) announcement for its Max-UC solution. In this time of disruption, many service providers are actively seeking trusted partners to support their migration from Metaswitch MaX UC.

Crexendo Selected By Akabis As Replacement For Microsoft Metaswitch Platform

Crexendo, Inc. (CXDO) Q3 2024 Earnings Call Transcript

The headline numbers for Crexendo (CXDO) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Crexendo (CXDO) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Crexendo (CXDO) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.12 per share a year ago.

Crexendo (CXDO) Q3 Earnings and Revenues Top Estimates

PHOENIX, AZ / ACCESSWIRE / November 6, 2024 / Crexendo, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform and services, video collaboration and managed IT services tailored to businesses of all sizes, today announced financial results for the third quarter ended September 30, 2024. Financial highlights: Revenue of $15.6 million, up 13% year-over-year Net income of $0.1 million, or $0.01 per basic common share and $0.00 per diluted common share.

Crexendo Delivers Strong Third Quarter Results

PHOENIX, AZ / ACCESSWIRE / October 30, 2024 / Crexendo®, Inc. (Nasdaq:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, wrapped up its most successful Codefest to date as part of its annual User Group Meeting in Nashville, TN. The highly anticipated event saw unprecedented participation, with 16 groundbreaking entries from developers and partners showcasing innovative solutions built on Crexendo's NetSapiens Platform open API framework, focused heavily on AI-driven advancements and enhanced collaboration tools.

Crexendo's Codefest Draws Record Participation with AI at the Core of Innovation

PHOENIX, AZ / ACCESSWIRE / October 22, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced that general sessions of its highly anticipated NetSapiens® Platform User Group Meeting (UGM) begins today in Nashville, Tennessee. This year's sold-out event takes place from October 21st through October 24th, and brings together the highest number of overall attendees, Partners and sponsors in its history, The 2024 User Group Meeting has attracted a 35% year-over-year increase in partner participation, highlighting the incredible momentum and growth of Crexendo's NetSapiens software platform.

Crexendo NetSapiens User Group Meeting Kicks Off in Nashville With Record Attendance and Participation

PHOENIX, AZ / ACCESSWIRE / October 18, 2024 / Crexendo, Inc. (NASDAQ:CXDO) announced it will hold its third quarter 2024 financial results conference call on November 6, 2024, at 4:30 PM ET. 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 Third Quarter 2024 Financial Results on November 6, 2024, at 4:30 PM ET

PHOENIX, AZ / ACCESSWIRE / October 17, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, is excited to announce SNOM, a global innovator in professional and enterprise-grade VoIP solutions, as the official event sponsor for the upcoming NetSapiens Platform User Group Meeting (UGM) 2024. The event will take place from October 21st to 24th in Nashville, TN.

Crexendo Announces SNOM as Official Event Sponsor for NetSapiens User Group Meeting

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) Soars 15.1%: Is Further Upside Left in the Stock?

PHOENIX, AZ / ACCESSWIRE / October 8, 2024 / Crexendo ® , Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced its partnership with Symbio, a subsidiary of Aussie Broadband Group (ASX: ABB ), to launch AdvancedPBX, a groundbreaking cloud based communications solution. This innovative solution is built on Crexendo's NetSapiens platform which recently surpassed 5 million global users and is the third largest, and fastest growing software platform in North America, according to Frost & Sullivan.

Crexendo Selected By Tier 1 International VoIP Provider Symbio To Support Its Rapid Growth

PHOENIX, AZ / ACCESSWIRE / October 1, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced that its AI-powered cloud business communications platform has been recognized for outstanding usability and superior customer satisfaction in G2's Fall 2024 Reports for VoIP, UCaaS, and Customer Communications Management. G2.com is the leading business software review website where end users can research and select solutions reviewed and recommended by real, verified customers.

G2's Fall 2024 Reports Highlight Crexendo's AI-Powered Cloud Communications Platform for Outstanding Usability and Superior Customer Satisfaction

PHOENIX, AZ / ACCESSWIRE / September 26, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced that its highly anticipated NetSapiens® Platform User Group Meeting (UGM) has surpassed all records of participation and officially sold out all its sponsorships. This year's event has attracted the highest number of sponsors, partners and attendees in its history, underscoring the unparalleled growth and momentum of the NetSapiens software platform.

Crexendo Announces Record Level Participation at the Upcoming NetSapiens Platform User Group Meeting with Record Number of Sponsors, Partners, and Attendees

Crexendo's fundamentals remain strong despite recent stock performance, with significant upside potential driven by hyper-growth and strategic acquisitions in the UCaaS market. The company has shown impressive financial performance, with robust revenue growth, high net income margins, and a growing backlog, particularly in its high-margin Software Solutions segment. Crexendo's valuation is compelling, with the stock trading at attractive levels with a sensitivity analysis pointing to superb upside based on realistic estimates.

Crexendo: Poised For Long-Term Growth Despite Short-Term Volatility

PHOENIX, AZ / ACCESSWIRE / September 9, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced the expansion of its global reach, with the opening of new data centers in Sydney and Melbourne, Australia providing support for Crexendo's NetSapiens Platform Partners in that region. This strategic expansion builds on Crexendo's recent partnership with Oracle Cloud Infrastructure (OCI), which was announced in May 2024, marking a pivotal moment in the company's rapid growth and international reach.

Crexendo Leverages Oracle Cloud Infrastructure to Fuel Global Growth With New Data Center Partners In Sydney And Melbourne, Australia

PHOENIX, AZ / ACCESSWIRE / August 21, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced their schedule for upcoming investor conferences. Crexendo will discuss with investors its surge in usage to 5 million users, its consecutive string of GAAP profitable quarters, its top-rated customer service and its award-winning disruptive technology.

Crexendo Announces Upcoming Investor Conferences

What Makes Crexendo (CXDO) a New Buy Stock

PHOENIX, AZ / ACCESSWIRE / August 13, 2024 / Crexendo®, Inc. (Nasdaq:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced it has surpassed 5 million global users*. Crexendo's software platform is the third largest, and fastest growing software platform in North America, according to Frost & Sullivan, and is growing at nearly twice the rate of the two largest platform providers in the UCaaS industry, thus firmly establishing Crexendo as a top-tier provider on a global stage.

Crexendo Software Platform Growth Surges to Surpass 5 Million Users

PHOENIX, AZ / ACCESSWIRE / August 8, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning premier provider of cloud communication platforms and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business, today announced a landmark achievement in its partnership with BCN, a U.S.-based technology solutions provider. Through this expanded collaboration, Crexendo has enabled BCN to more than double its IP voice platform capacity.

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