Crexendo(NASDAQ) CXDO

Crexendo, Inc. helps businesses talk to customers through the internet. Its cloud tools handle voice, video, and group meetings. These services work on office phones and mobile apps.

What Crexendo Offers

• Cloud Telecommunications Services: Provides voice calls over the internet and sells hardware like desktop phones.
• Software Solutions: Offers a platform for service providers to manage video meetings and call centers.
• Unified Communications: Bundles messaging, chat, and document sharing into a single business tool.
• Managed IT Services: Helps companies with internet connections and computer infrastructure support.
• Professional Services: Includes technical support, software installation, and custom engineering for business clients.

Growth and Expansion

• Acquired ESI on March 1, 2026, to expand its telecommunications service offerings.
• Developed the SNAPsolution platform to allow service providers to customize their own communication packages.
• Introduced mobile applications like Snap Mobile to provide business connectivity on smartphones and tablets.
• Partnered with third-party providers to add video collaboration and meeting tools to its software suite.

The Tech Advantage

The company supports over 6 million end users through a network of more than 245 platform subscribers. Its proprietary software uses internet technology to deliver features like call recording and voicemail transcription without expensive office hardware.

A Look at the Numbers

• Total revenue was $24.6 million for the three-month period ended June 30, 2026, up 49% year over year.
• Annualized exit recurring revenue reached $81.2 million at June 30, 2026, compared to $53.9 million at June 30, 2025.
• Net income was $1.1 million for the three-month period ended June 30, 2026.
• The company held $18.3 million in cash and cash equivalents as of June 30, 2026.

The Bottom Line

Crexendo has transformed from its origins in web services to become a specialized provider of cloud-based communications software. The acquisition of ESI and the expansion of its proprietary platform have shifted its focus toward growing recurring service revenue.