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Stock impact report

Crexendo Announces First Quarter 2022 Results

Crexendo, Inc. (CXDO) 
NASDAQ:AMEX Investor Relations: crexendo.com/investor
Company Research Source: Accesswire
PHOENIX, AZ / ACCESSWIRE / May 12, 2022 / Crexendo, Inc. (NASDAQ:CXDO) is an award-winning premier provider of Unified Communications as a Service (UCaaS), Call Center as a Service (CCaaS), communication platform software solutions, and collaboration services designed to provide enterprise-class cloud communication solutions to any size business through our business partners, software licensees, agents and direct channels. Our solutions currently support over 2.4 million end users globally and was recently recognized as the fastest growing UCaaS platform in the United States. We provide our services through two divisions, our Telecommunications Division and our Software Division. Today, the Company reported financial results for the first quarter ended March 31, 2022.First Quarter Financial highlights:Total revenue increased 81% year-over-year to $8.2 million.Service revenue increased 6% year-over-year to $4.4 million.GAAP net loss of $(1,220,000) or a $(0.05) loss per basic and dilut Show less Read more
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