|Over a quarter ago|
Crexendo reports Q4 EPS 39c, two estimates 1c » 16:3103/0903/09/21
Reports Q4 revenue…
Reports Q4 revenue $4.32M, two estimates $4.23M. Total cash, cash equivalents, and restricted cash at December 31, 2020 was $17.7M compared to $4.3M at December 31, 2019. Steven Mihaylo, CEO commented, "This was clearly an important and transformational year for us. We stayed true to our plan and the results prove the progress we have made. First, we continued our streak of both GAAP and Non-GAAP profitability, secondly, we organically up-listed to the Nasdaq Capital Markets Exchange, we were then able complete our equity offering in September of 2020 to raise additional capital and finally we have been able to negotiate a substantial accretive acquisition. We have grown the business organically and are now on track to aggressively grow the business thru accretive acquisitions."
Crexendo names Jon Brinton chief revenue officer » 16:4711/2311/23/20
Crexendo announced that…
Crexendo announced that it has appointed Jon Brinton to the position of Chief Revenue Officer. Brinton will oversee revenue operations, direct sales and channel sales, including Value-Added Resellers and Agents. Steven G. Mihaylo, Chief Executive Officer commented "Jon is an exceptional executive with a track record of improving operations and driving revenue. He has a world class entrepreneurial mind and is driven to improve our sales results. Jon will work aggressively to add additional driven direct sales and channel sales agents. He comes to work, rolls up his sleeves and wants to add value to the organization and particularly to add shareholder value. He will be an exceptional addition to our team. This is one of many steps we are making to invest in and grow our business".
B. Riley FBR starts 'undervalued' Crexendo with Buy, $8 target » 08:0409/2909/29/20
B. Riley FBR analyst Josh…
B. Riley FBR analyst Josh Nichols initiated coverage of Crexendo with a Buy rating and $8 price target. The company gives investors a way to "ride the growth" in the unified communications as a service and remote work markets, Nichols tells investors in a research note. Nearly 90% of Crexendo's revenue is derived from recurring cloud telecommunications services with three- to five-year contracts that provide enhanced revenue visibility with "industry-leading" churn, says the analyst. Crexendo views the stock as undervalued.
Crexendo initiated with a Buy at B. Riley FBR » 04:4909/2909/29/20
B. Riley FBR initiated…
B. Riley FBR initiated coverage of Crexendo with a Buy rating and $8 price target.
Crexendo 2.8M share Spot Secondary priced at $5.50 » 08:3409/2409/24/20
The deal size was reduced…
The deal size was reduced to 2.8M shares of common stock from 3.5M shares of common stock. B. Riley FBR and Colliers acted as joint book running managers for the offering.
Crexendo files to sell 3.5M shares of common stock » 17:2509/1109/11/20
The company is offering…
The company is offering 1.75M shares and selling stockholders are offering 1.75M shares. B. Riley Securities and Colliers Securities are managing the offering.