Anand Buch
On August 1, 2024, Anand Buch resigned as a director of Crexendo, Inc.
Highest-materiality recent filing
Crexendo Q1 revenue up 29% to $20.7M; GAAP EPS $0.02, non-GAAP EPS $0.10
GAAP net income of $0.6M ($0.02 EPS) vs $1.2M ($0.04) YoY; non-GAAP net income $3.3M ($0.10) vs $2.7M ($0.10).
Crexendo enters $10M credit facility with Wells Fargo; $5M term loan funds Estech acquisition
$5M revolving line of credit and $5M term loan from Wells Fargo, both maturing May 1, 2029.
Crexendo completes $34.7M acquisition of Estech Systems; pro forma revenue $93.7M
Purchase price: $27.3M cash + 1,159,638 shares at $6.41 each; total $34.7M.
Crexendo Q4 net income $1.2M, FY revenue $68.2M (+12% YoY); non-GAAP EPS $0.36 diluted
GAAP net income FY25 $5.1M ($0.17 basic / $0.16 diluted); non-GAAP net income $11.4M ($0.38/$0.36).
Crexendo completes $35M acquisition of Estech Systems; expects $100M revenue run rate
Purchase price $35M: $27.3M cash + $7.7M in stock (1,159,638 shares); closed March 1, 2026.
Crexendo Q3 revenue up 12% YoY to $17.5M; GAAP net income $1.5M vs $0.1M
GAAP EPS $0.05; non-GAAP EPS $0.10 vs $0.06 YoY.
Crexendo Q2 revenue up 13% to $16.6M; GAAP net income $1.2M
Total revenue $16.6M (+13% YoY); software solutions revenue $7.0M (+31%).
Crexendo Q1 revenue up 12% to $16.1M; software solutions revenue surges 33%
GAAP net income of $1.2M ($0.04 EPS); non-GAAP net income of $2.6M ($0.09 basic EPS).
Crexendo reports FY2024 record revenue $60.8M (+14% YoY); net income $1.7M vs loss prior year
FY revenue $60.8M (+14% YoY); net income $1.7M ($0.06 EPS) vs loss $(0.3M) in FY2023.
Crexendo Q3 revenue up 13% to $15.6M, but net income drops to $0.1M from $1.7M
Revenue of $15.6M (+13% YoY); software solutions revenue $5.9M (+25% YoY).
Crexendo Q2 revenue $14.7M (+16% YoY); net income $0.6M, vs loss of $0.5M
EPS $0.02 vs ($0.02) YoY; non-GAAP EPS $0.08 basic, $0.07 diluted; non-GAAP net income $2.1M (+91%).
Crexendo Q1 2024 revenue up 14% to $14.3M; GAAP net income of $434k
Total revenue $14.3M (+14% YoY); service revenue $7.8M, software solutions $5.1M (+25%), product $1.3M.
Crexendo reports Q4 revenue up 24% to $14.2M; FY revenue up 42% to $53.2M
Q4 GAAP net income $0.1M ($0.00 EPS) vs loss of $1.33 in Q4 2022; non-GAAP net income $1.6M ($0.06 EPS).
Crexendo Q3 revenue up 52% to $13.9M; reports GAAP net income of $1.7M
Total revenue $13.9M, up 52% YoY; service revenue $7.5M, up 68%.
Crexendo Q2 2023 revenue up 43% YoY to $12.7M; GAAP net loss narrows to $0.02/share
Total revenue increased 43% YoY to $12.7M; service revenue rose 60% to $7.3M.
Crexendo sells office building for $4.05M, leases back for 12-18 months
Purchase price $4.05M, subject to adjustments; buyer is Nectar Equities, LLC.
Crexendo Q1 revenue up 53% to $12.5M; non-GAAP net income $625k
Total revenue $12.5M (+53% YoY); service revenue $7.2M (+63%), software solutions $4.1M (+26%).
GAAP net loss of $32.6M in Q4'22 ($1.33/share) vs. loss of $602K in Q4'21.
Crexendo completes Allegiant Networks acquisition for ~$9.4M; files audited financials
Acquisition closed Nov 1, 2022: $2M cash, $1.1M promissory note, and 2,461,538 shares valued at $2.57/share (~$6.3M).
Crexendo Q3 revenue $9.1M (+3% YoY), GAAP loss $(0.03)/share, closes Allegiant acquisition
Q3 revenue $9.1M (+3% YoY); GAAP net loss $(696K) or $(0.03)/share; non-GAAP net income $713K or $0.03/share.
Crexendo completes acquisition of Allegiant Networks, LLC
Acquired 100% membership interests of Allegiant Networks on November 1, 2022.
On August 1, 2024, Anand Buch resigned as a director of Crexendo, Inc.
On January 22, 2024, the Board of Directors of Crexendo, Inc. (the “ Company ”) appointed Jeffrey G. Korn as a Class I director of the Board of Directors of the Company and named him as Executive Chairman.
Mr. Mihaylo will remain on the Board as a member of the Board of Directors and as 'Chairman Emeritus'.
On January 22, 2024, the Board of Directors of Crexendo, Inc. (the “ Company ”) appointed Jeffrey G. Korn as a Class I director of the Board of Directors of the Company and named him as Executive Chairman.
The Company also announced the appointment of Jeffrey G. Korn as Chief Executive Officer of the Company.
On March 14, 2023, Crexendo, Inc. (the “ Company ”) announced the retirement of Steven G. Mihaylo as Chief Executive Officer. Mr. Mihaylo will retain his position as Executive Chairman of the Board of Directors.
Max materiality 0.90 · Median 0.38 · Most common event earnings