Summary
Crexendo Eyes $100M Run Rate as AI, Acquisitions Fuel UCaaS Growth
Crexendo NASDAQ: CXDO President and COO Doug Gaylor outlined the company's growth strategy, financial performance and artificial-intelligence product initiatives during a presentation at the LD Micro conference.
Crexendo: The Software Slowdown Is Raising Questions, But The Thesis Isn't Broken
Crexendo is rated Strong Buy, with ESI integration driving margin improvement despite a sharp slowdown in software growth. CXDO's Q2 revenue rose 49% YoY to $24.6M, but organic growth was only 7% and software revenue grew just 5%, raising concerns. Profitability improved, with gross margin at 65.9% and EBITDA margin at 12.6%. Free cash flow margin reached 10.2%.
Do Options Traders Know Something About Crexendo Stock We Don't?
Investors need to pay close attention to CXDO stock based on the movements in the options market lately.
Crexendo Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Curtis Ellergodt Rothschild Investment LLC | 86 | $530.6 | $489.34 | -$41.26 | -7.78% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 80 | $493.6 | $453.2 | -$40.4 | -8.18% |
| AC Anthony Calzetta Pembroke Management Ltd. | 294,685 | $1.82M | $1.69M | -$129,958.47 | -7.12% |
| LJB Laura J. Bornheimer GWN SECURITIES Inc. | 71,515 | $452,557.38 | $408,350.65 | -$44,206.73 | -9.77% |
| CD Charlie Durham Sterling Capital Management LLC | 606 | $3,598.79 | $3,490.56 | -$108.23 | -3.01% |
Crexendo Inc. (CXDO) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Crexendo Inc. ever had a stock split?
Crexendo Inc. Profile
| Software Industry | Information Technology Sector | Jeffrey G. Korn CEO | NASDAQ (CM) Exchange | 226552107 CUSIP |
| US Country | 190 Employees | 11 Apr 2023 Last Dividend | 3 Jul 2002 Last Split | - IPO Date |
Overview
Crexendo, Inc. is a comprehensive provider specializing in the realm of cloud communication platforms and services, alongside video collaboration and managed IT services for businesses both within the United States and across the globe. Distinguished by its operation through two primary segments - Cloud Telecommunications Services and Software Solutions - the company has positioned itself as a vital facilitator for businesses seeking to leverage internet protocol (IP) or cloud technology for their communication needs. Initially known as iMergent, Inc., the company underwent a rebranding to Crexendo, Inc. in May 2011, a strategic move that underscores its evolution and expanded focus on cloud and IP-based communication solutions. Founded in 1995 and headquartered in Tempe, Arizona, Crexendo continues to innovate and expand its offerings to cater to the dynamic needs of modern businesses.
Products and Services
- Cloud Telecommunications Services
This segment offers a wide array of telecommunications services that utilize Internet Protocol (IP) or cloud technology to transmit calls. It encapsulates the conversion of voice signals into digital data packets for efficient transmission over the Internet or through cloud-based platforms. Enhanced by broadband Internet services, Crexendo also provides comprehensive end-user portals for streamlined account and license management alongside billing and customer support. Additionally, it engages in the sale and lease of essential cloud telecommunications equipment, ensuring businesses have the necessary tools for optimal communication.
- Hardware, Software, and Unified Communication Solutions
Under its Cloud Telecommunications segment, Crexendo extends its offerings to include hardware, software, and unified communication solutions leveraging IP or cloud technology. This is facilitated over high-speed internet connections through an array of devices and user interfaces such as desktop phones, mobile, and desktop applications. These solutions are marketed under the Crexendo brand name, embodying a comprehensive approach to modern business communication.
- Software Solutions Segment
This facet of Crexendo Inc. delivers a suite of unified communications, collaboration, video conferencing, and contact center solutions tailored to meet the intricate demands of today's business landscapes. It features the SNAPsolution, an innovative IP-based platform, and SNAPaccel, a software-as-a-service (SaaS)-based software offering. To complement these technological solutions, Crexendo also provides subscription maintenance and support services along with a range of professional services. These encompass consulting, technical support, resident engineer services, and thorough design and installation services, ensuring businesses have the necessary resources and expertise to fully leverage Crexendo's offerings.
Contact Information
