Latest news with #JeffKorn
Associated Press
19-07-2025
- Business
- Associated Press
Crexendo, Inc. to Issue Second Quarter 2025 Financial Results on August 5, 2025, at 4:30 PM ET
PHOENIX, ARIZONA / ACCESS Newswire / July 18, 2025 / Crexendo, Inc. (NASDAQ:CXDO) announced it will hold its second quarter 2025 financial results conference call on August 5, 2025, 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. The dial-in number for domestic participants is 888-506-0062 and 973-528-0011 for international participants and reference participant access code 467741. Please dial in five minutes prior to the beginning of the call at 4:30 PM ET and reference the Crexendo earnings call and access code 467741. A replay of the call will be available until August 12, 2025, by dialing toll-free at 877-481-4010 or 919-882-2331 for international callers. The replay passcode is 52756. About Crexendo ® Crexendo, Inc. is an award-winning software technology company that is a premier provider of cloud communication platform software and unified communications as a service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes. Our cloud communications software solutions currently support over six million end users globally, through an extensive network of over 235 cloud communication platform software subscribers and our direct retail offering. Safe Harbor Statement This press release contains forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a ``safe harbor'' for such forward-looking statements. The words, ``believe,'' ``expect,'' ``anticipate,'' ``estimate,'' ``will'' and other similar statements of expectation identify forward-looking statements. We do not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances, or new information after this press release, or to reflect the occurrence of unanticipated events. Company Contact: Crexendo, Inc. Doug Gaylor President and Chief Operating Officer 602-732-7990 [email protected] SOURCE: Crexendo, Inc. press release
Associated Press
12-06-2025
- Business
- Associated Press
Crexendo CEO Jeff Korn to Speak at Cloud Communications European Summit
PHOENIX, AZ / ACCESS Newswire / June 12, 2025 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as a service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced that Jeff Korn, the company's CEO and Chairman, will be a featured speaker at the upcoming Cloud Communications European Summit in Brussels, Belgium, on June 17, 2025. Hosted by the Cloud Communications Alliance (CCA), the European Summit convenes influential telecom, cloud, and IT leaders from across the continent to explore the most exciting opportunities and transformative trends shaping the future of the communications landscape. With a backdrop of accelerating digital transformation, market consolidation, and the rise of AI-powered innovation, this industry-defining event provides a forum for executive-level networking and global thought leadership. Jeff Korn will join fellow CEOs in an innovation-focused keynote panel titled, 'The Power of an Open Best-of-Breed Ecosystem Approach', where he will share Crexendo's bold commitment to openness, flexibility, and how partner-driven innovation is shaping the future of cloud communications. At the heart of this strategy is the NetSapiens® platform, the fastest-growing UCaaS platform in North America that is built on an open API-first architecture with hundreds of off-the-shelf business application integrations giving service providers the ability to tailor every layer of the experience. 'The future of our industry will be led by platforms that are open and collaborative, it's about giving service providers the ability to completely redefine what's possible'. said Jeff Korn, CEO and Chairman of Crexendo 'With Crexendo, our partners can launch faster, differentiate deeper, and not just reshape but completely disrupt their markets on their terms. What makes our ecosystem powerful is the community behind it. Innovation is shared, partners support each other, and together we accelerate what's possible. That's the difference when you build around openness and collaboration.' The panel is expected to be a key highlight of the Summit, drawing service providers, investors, and technology leaders from across Europe and beyond - all eager to connect, collaborate, and shape the next wave of cloud communication innovation. About Crexendo® Crexendo, Inc. is an award-winning software technology company that is a premier provider of cloud communication platform software and unified communications as a service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes. Our cloud communications software solutions currently support over six million end users globally, through an extensive network of over 235 cloud communication platform software subscribers and our direct retail offering. For more information, visit Safe Harbor Statement This press release contains forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a 'safe harbor'' for such forward-looking statements. The words, 'believe,'' 'expect,'' 'anticipate,'' 'estimate,' 'will'' and other similar statements of expectation identify forward-looking statements. Specific forward-looking statements in this press release include Crexendo (i) believing the future of its industry will be led by platforms that are open and collaborative; (ii) believing it's about giving service providers the ability to completely redefine what's possible; (iii) providing the ability for partners to launch faster, differentiate deeper, and not just reshape but completely disrupt their markets on their terms. For a more detailed discussion of risk factors that may affect Crexendo's operations and results, please refer to the company's Form 10-K for the year ended December 31, 2024, and Form 10-Qs as filed with the SEC. These forward-looking statements speak only as of the date on which such statements are made, and the company undertakes no obligation to update such forward-looking statements, except as required by law. Contact Information Doug Gaylor President and Chief Operating Officer [email protected] 602-732-7990 SOURCE: Crexendo, Inc. press release
Associated Press
05-06-2025
- Business
- Associated Press
Crexendo Selected for Inclusion in the Russell 2000 and 3000 Indexes
PHOENIX, ARIZONA / ACCESS Newswire / June 5, 2025 / Crexendo, Inc. (Nasdaq:CXDO), an award-winning software technology company and premier provider of cloud communications platform software and unified communications as a service (UCaaS), today announced that it has been selected to be added to the small-cap Russell 2000® Index and the broad-market Russell 3000® Index following the 2025 annual reconstitution of the Russell indexes. This inclusion is based on the preliminary list of additions released by FTSE Russell on May 23, 2025. Final inclusion is subject to review and is expected to take effect after the U.S. markets open on June 27, 2025. Crexendo is currently a member of the Russell Microcap Index. The broad-market Russell 3000 Index includes the largest 3,000 U.S. public companies by market capitalization. The Russell 2000 Index is a subset of the broader Russell 3000 Index limited to small-cap companies. The indexes are reconstituted annually by re-ranking companies based on total market capitalization as of the reconstitution rank date, which was April 30, 2025, this year. Index membership remains in place for one year and results in automatic inclusion in the relevant growth and value style indexes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to FTSE Russell, approximately $10.6 trillion in assets are benchmarked against the Russell U.S. Indexes. 'This important milestone marks another important step in our continued growth and reflects the strong execution of our long-term strategy and is a testament to our commitment to enhancing shareholder value,' said Jeff Korn, Chairman and CEO of Crexendo. 'We believe inclusion in the Russell indexes will enhance our visibility in the investment community and broaden institutional awareness. It also validates the rapid growth of our platform that now supports over 6 million users and ranks us as the fastest growing UCaaS platform provider in North America according to Frost & Sullivan.' For more information about the Russell indexes and the annual reconstitution process, please visit the 'Russell Reconstitution' section on the FTSE Russell website. About Crexendo® Crexendo, Inc. is an award-winning software technology company that is a premier provider of cloud communication platform software and unified communications as a service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes. Our cloud communications software solutions currently support over six million end users globally, through an extensive network of over 235 cloud communication platform software subscribers and our direct retail offering. For more information, visit Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words such as 'believe,' 'expect,' 'anticipate,' 'estimate,' and similar expressions. These statements reflect current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Forward-looking statements include, but are not limited to Crexendo (i) believing this milestone marks another important step in its continued growth and reflects the strong execution of its long-term strategy; (ii) believing the inclusion is a testament to its commitment to enhancing shareholder value; believing inclusion in the Russell indexes will enhance visibility in the investment community and broaden institutional awareness; (iii) believing that the inclusion validates the rapid growth of its platform that now supports over 6 million users and ranks us as the fastest growing UCaaS platform provider. For a more detailed discussion of the risks that may impact Crexendo's operations and financial results, please refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and its Quarterly Reports on Form 10-Q, filed with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements, except as required by law. Investor Contact: Doug Gaylor President and Chief Operating Officer [email protected] 602-732-7990 SOURCE: Crexendo, Inc. press release
Yahoo
09-05-2025
- Business
- Yahoo
Crexendo Inc (CXDO) Q1 2025 Earnings Call Highlights: Strong Revenue Growth Amid Competitive ...
Release Date: May 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Crexendo Inc (NASDAQ:CXDO) reported a 12% year-over-year increase in total revenue, reaching $16.1 million. The software solutions revenue grew by 33%, with gross margins in this segment increasing by 500 basis points to 78%. The company achieved GAAP profitability for the seventh consecutive quarter, with a net income of $1.2 million. Crexendo Inc (NASDAQ:CXDO) surpassed 6 million users on its software solutions platform, indicating strong demand. The company is strategically investing in innovation and infrastructure, including a migration to Oracle Cloud Infrastructure, expected to drive cost savings and margin expansion. Product revenue declined by 22% to $1.1 million compared to the previous year. Service revenue gross margin decreased by 3% quarter over quarter to 57%. The telecom market remains highly competitive, with some competitors engaging in unsustainable pricing practices. Operating expenses increased by 8% to $14.9 million, impacting overall profitability. There is uncertainty in the market due to macroeconomic factors, although Crexendo Inc (NASDAQ:CXDO) has not yet seen a measurable weakening in demand. Warning! GuruFocus has detected 5 Warning Signs with CXDO. Q: Jeff, you mentioned sustainable double-digit growth. Is this guidance relevant for the entire year 2025 or specifically for Q2? A: Jeff Korn, CEO: The guidance is for year-over-year growth. While there can be quarterly variances, we are confident in achieving a minimum of 10% year-over-year growth. Q: Are there any changes in competitor behavior regarding aggressive pricing and incentives? A: Jeff Korn, CEO: The behavior remains similar to 2024. We believe these practices are unsustainable, and we continue to focus on profitable growth by delivering superior service and customer experience. Q: Can you provide more details on the impressive software gross margin improvement and its sustainability? A: Ron Vincent, CFO: The margin improvement is driven by increased revenue in the software solutions division. While we had a great quarter, we target a 73-75% range for the full year. Q: How is the acquisition of Metaswitch by Allianza affecting the market, and what are you seeing in terms of competition? A: Jeff Korn, CEO: We haven't seen significant changes yet. Our differentiated model and service level continue to attract interest, and we are confident in winning more business due to our superior product and flexibility. Q: Can you provide an update on the EVP app ecosystem and its integration progress? A: Anan Bosch, CSO: We are onboarding 10 to 12 partners regularly, with a recent increase in interest for AI and customer service applications. The ecosystem is growing, and we are seeing significant interest in these areas. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
09-05-2025
- Business
- Yahoo
Crexendo Inc (CXDO) Q1 2025 Earnings Call Highlights: Strong Revenue Growth Amid Competitive ...
Release Date: May 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Crexendo Inc (NASDAQ:CXDO) reported a 12% year-over-year increase in total revenue, reaching $16.1 million. The software solutions revenue grew by 33%, with gross margins in this segment increasing by 500 basis points to 78%. The company achieved GAAP profitability for the seventh consecutive quarter, with a net income of $1.2 million. Crexendo Inc (NASDAQ:CXDO) surpassed 6 million users on its software solutions platform, indicating strong demand. The company is strategically investing in innovation and infrastructure, including a migration to Oracle Cloud Infrastructure, expected to drive cost savings and margin expansion. Product revenue declined by 22% to $1.1 million compared to the previous year. Service revenue gross margin decreased by 3% quarter over quarter to 57%. The telecom market remains highly competitive, with some competitors engaging in unsustainable pricing practices. Operating expenses increased by 8% to $14.9 million, impacting overall profitability. There is uncertainty in the market due to macroeconomic factors, although Crexendo Inc (NASDAQ:CXDO) has not yet seen a measurable weakening in demand. Warning! GuruFocus has detected 5 Warning Signs with CXDO. Q: Jeff, you mentioned sustainable double-digit growth. Is this guidance relevant for the entire year 2025 or specifically for Q2? A: Jeff Korn, CEO: The guidance is for year-over-year growth. While there can be quarterly variances, we are confident in achieving a minimum of 10% year-over-year growth. Q: Are there any changes in competitor behavior regarding aggressive pricing and incentives? A: Jeff Korn, CEO: The behavior remains similar to 2024. We believe these practices are unsustainable, and we continue to focus on profitable growth by delivering superior service and customer experience. Q: Can you provide more details on the impressive software gross margin improvement and its sustainability? A: Ron Vincent, CFO: The margin improvement is driven by increased revenue in the software solutions division. While we had a great quarter, we target a 73-75% range for the full year. Q: How is the acquisition of Metaswitch by Allianza affecting the market, and what are you seeing in terms of competition? A: Jeff Korn, CEO: We haven't seen significant changes yet. Our differentiated model and service level continue to attract interest, and we are confident in winning more business due to our superior product and flexibility. Q: Can you provide an update on the EVP app ecosystem and its integration progress? A: Anan Bosch, CSO: We are onboarding 10 to 12 partners regularly, with a recent increase in interest for AI and customer service applications. The ecosystem is growing, and we are seeing significant interest in these areas. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
