Crexendo Inc (OQ:CXDO)

Sector:  Technology Industry:  IT Services & Consulting
 
See Regulatory Filings on SEC
Company Contact
Address: 1615 S 52nd St
TEMPE AZ 85281
Tel: N/A
Website: https://www.crexendo.com
IR: See website
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Key People
Jeffrey G. Korn
Executive Chairman of the Board, Chief Executive Officer
Doug Gaylor
President, Chief Operating Officer
Ronald Vincent
Chief Financial Officer
David Wang
Chief Technology Officer
Jon D. Brinton
Chief Revenue Officer
 
Business Overview
Crexendo, Inc. is a provider of cloud communication platforms and services, video collaboration and managed information technology (IT) services. The Company operates through two segments: Cloud Telecommunications Services and Software Solutions. The Cloud Telecommunications Services segment transmits calls using Internet protocol (IP) or cloud technology, which converts voice signals into digital data packets for transmission over the Internet or cloud. Its Cloud Telecommunications Service segment offering includes hardware, software, and IP or cloud technology over Internet connection. Its Cloud Telecommunication Service offers a variety of essential and advanced features for businesses of all sizes. The Company's Software Solutions segment provides a comprehensive suite of unified communications (UC), video conferencing, collaboration and contact center solutions. Its software solutions segment offers software licenses, software maintenance support and professional services.
Financial Overview
For the fiscal year ended 31 December 2023, Crexendo Inc revenues increased 42% to $53.2M. Net loss decreased 99% to $362K. Revenues reflect Cloud telecommunications segment increase of 57% to $35.2M, Software solutions segment increase of 19% to $18M. Lower net loss reflects Software solutions segment loss decrease of 99% to $206K, Cloud telecommunications segment loss decrease of 62% to $1.5M.
Employees: 182 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $112.50M as of Dec 31, 2023
Annual revenue (TTM): $53.20M as of Dec 31, 2023
EBITDA (TTM): $1.88M as of Dec 31, 2023
Net annual income (TTM): -$0.36M as of Dec 31, 2023
Free cash flow (TTM): $3.28M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 26,284,202 as of Feb 28, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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