Crexendo, Inc. (CXDO)

Over the past six months, Crexendo's stock has experienced some fluctuations. On November 4, 2025, the company's shares gained +5.9% after reporting earnings. On November 21, 2025, the company reported Q3 2025 revenue of $17.5 million, a 12% year-over-year increase, but the stock closed lower after an earnings miss. On February 3, 2026, news regarding the upcoming Q4 and year-end 2025 financial results was associated with a notable negative market reaction. On February 6, 2026, insiders experienced losses as the stock fell by 11%.

The demand for Crexendo, Inc.'s products and services is generally not subject to strong seasonal fluctuations. The Unified Communication as a Service (UCaaS) market is experiencing rapid growth, fueled by businesses adopting cloud-based communication solutions. The shift towards new workplace models, increasing demand for digital transformation initiatives, the impending switch-off of traditional ISDN/PTSN lines, and Crexendo's subscription-based model are major drivers of demand.

Crexendo, Inc. specializes in cloud-based communication and collaboration solutions, operating through Cloud Telecommunications and Software Solutions segments. Its major offerings include Cloud Communications/UCaaS, Contact Center Solutions, Software Solutions, AI-Enhanced Features, Broadband Internet Services, and Managed IT Services.

Crexendo has a strong market presence across the United States, serving diverse clientele. The company is also actively expanding its international presence, with reported success in Europe and Australia, and its first win in Africa. As of October 2025, Crexendo's AI-enhanced software platform supports over 7 million users worldwide.

Crexendo has maintained a positive brand reputation over the past year, marked by industry recognition and customer satisfaction. Crexendo was rated #1 by verified customers in the Winter 2024 Grid Report for VoIP on G2.com, and its NetSapiens® Platform won the 2025 Product of the Year Award from Internet Telephony. The company's AI-enhanced software platform surpassed 7 million users worldwide by October 2025. Crexendo announced a licensing and collaboration agreement with Altigen Technologies and released CAIRO, its AI Receptionist and Orchestrator, in January 2026.

Crexendo's ownership structure is highly concentrated, with company insiders holding a significant portion of the shares. Key institutional shareholders include BlackRock, Inc., Essex Investment Management Co Llc, and Vanguard Group Inc. Steven Mihaylo is the single largest shareholder, holding approximately 36.76% of the common stock, while Jeffrey G. Korn (CEO) owns 0.8% of the company's shares.