Crexendo, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 04:00 pm EDT
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Crexendo, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 12.67 million compared to USD 8.85 million a year ago. Net loss was USD 0.545 million compared to USD 0.896 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to USD 0.04 a year ago.
For the six months, revenue was USD 25.16 million compared to USD 17 million a year ago. Net loss was USD 2.13 million compared to USD 2.12 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.09 a year ago. Diluted loss per share from continuing operations was USD 0.08 compared to USD 0.09 a year ago.
Crexendo, Inc. is a provider of cloud communication platforms and services, video collaboration and managed information technology (IT) services. The Company operates through two segments: Cloud Telecommunications Services and Software Solutions. The Cloud Telecommunications Services segment transmits calls using Internet protocol (IP) or cloud technology, which converts voice signals into digital data packets for transmission over the Internet or cloud. Its Cloud Telecommunications Service segment offering includes hardware, software, and IP or cloud technology over Internet connection. Its Cloud Telecommunication Service offers a variety of essential and advanced features for businesses of all sizes. The Companyâs Software Solutions segment provides a comprehensive suite of unified communications (UC), video conferencing, collaboration and contact center solutions. Its software solutions segment offers software licenses, software maintenance support and professional services.