Crexendo Inc Stock Price, News & Analysis

Crexendo, Inc. (NASDAQ:CXDO) reported a significant 81% year-over-year revenue increase to $8.2 million for Q1 2022, driven by growth in their telecommunications and software services. While service revenue saw a modest 6% increase to $4.4 million, the company reported a GAAP net loss of $1.22 million, up from a loss of $715,000 in Q1 2021. Non-GAAP net income was $405,000, reflecting strong operational performance despite challenges posed by economic uncertainty. Total cash was $5.7 million as of March 31, 2022, signaling ongoing liquidity concerns.

Crexendo, Inc. (NASDAQ:CXDO) is set to announce its Q1 2022 financial results during a conference call on May 12, 2022, at 4:30 PM EST. The call will include remarks from CEO Steven G. Mihaylo, COO Doug Gaylor, and CFO Ron Vincent, followed by a Q&A session. Domestic participants can dial in at 877-545-0523, while international participants can call 973-528-0016, using access code 899595. A replay will be available until May 19, 2022 for those who miss the call.

Crexendo is a leader in Unified Communications as a Service (UCaaS) and currently supports over two million end users worldwide.

Crexendo, Inc. (NASDAQ:CXDO) will present at the 7th Annual Oppenheimer Emerging Growth Conference on May 10, 2022. The conference will connect institutional investors with over 50 emerging technology and industrial companies. Key executives, including Doug Gaylor and Ron Vincent, will discuss Crexendo's impressive 71% revenue growth to $28.1 million in 2021 and a non-GAAP income of $1.7 million. Crexendo offers award-winning UCaaS solutions, supporting over two million users worldwide and recognized as the fastest growing UCaaS platform in North America.

Crexendo, Inc. (NASDAQ:CXDO) will exhibit at the Channel Partners Conference in Las Vegas from April 11-14, 2022. The company, recognized as the fastest growing UCaaS platform in the U.S., aims to showcase its award-winning technology powered by NetSapiens. The VIP platform offers a 100% uptime guarantee and supports over two million end users globally. The event will provide Crexendo an opportunity to engage with partners and highlight its diverse commercial models and high customer satisfaction ratings.

Crexendo, Inc. (NASDAQ:CXDO), a leading provider of Unified Communications as a Service (UCaaS), has been awarded the 2022 TMC Remote Work Pioneer Award. This recognition emphasizes the company's rapid growth and effectiveness in delivering cloud communication solutions, particularly critical during the shift towards remote work.

Supporting over 2 million users globally, Crexendo's solutions cater to businesses of all sizes, enabling seamless communication and collaboration. CEO Steven G. Mihaylo praised the company's commitment to providing reliable tools for a flexible work environment, underscoring the significance of this award.

Crexendo, Inc. (NASDAQ:CXDO) reported robust financial results for Q4 and the full year ending December 31, 2021. Q4 revenue skyrocketed by 108% to $9.0 million, while total revenue for 2021 rose 71% year-over-year to $28.1 million. The company achieved a Q4 non-GAAP net income of $592,000, contrasting with a GAAP net loss of $(602,000). Despite increased operating expenses attributed to acquisitions, Crexendo remains optimistic about future growth, targeting a 40%-50% increase in business. A conference call is scheduled for March 21, 2022, to discuss these results further.

Mavenir and Crexendo have entered a strategic partnership to enhance their offerings in the Unified Communications as a Service (UCaaS) and business messaging markets. This collaboration allows Mavenir to integrate Crexendo’s UCaaS into its Mavenir Connect brand while Crexendo incorporates Mavenir’s Contact Center as a Service (CCaaS) solutions. Both companies aim for accelerated growth, improved service offerings, and enhanced customer engagement. Crexendo, recognized as the Fastest Growing UCaaS Platform in North America, supports over 2 million users.

Crexendo, Inc. (NASDAQ:CXDO) will hold its fourth quarter and year-end 2021 financial results conference call on March 21, 2022, at 4:30 PM EST. Executives, including CEO Steven G. Mihaylo, will present prepared remarks followed by a Q&A session. Domestic callers can dial 877-545-0320, while international participants should use 973-528-0002. A replay of the call will be available until March 28, 2022, with a passcode of 44837. Crexendo is recognized as a leading UCaaS provider, supporting over two million end users globally.

Crexendo, Inc. (CXDO) announced a quarterly cash dividend of $0.005 per common share, payable on February 28, 2022 to stockholders of record by February 18, 2022. CEO Steven G. Mihaylo expressed confidence in the company's strong financial position and expects growth between 40% to 50% annually. Crexendo is recognized as the fastest-growing UCaaS platform in the U.S., supporting over two million end users globally. The dividend declaration reflects the board's assessment of the company’s sustained free cash flow.