Crexendo (CXDO) investor relations material

Business performance and growth trajectory

• Achieved $100 million revenue run rate with 11 consecutive GAAP-profitable quarters, up from $10–15 million and unprofitable eight years ago.

• 182% revenue growth over three years, with Q1 revenue at $20.7 million and 29% year-over-year growth including acquisition.

• Maintains strong cash flow and balance sheet, with $2.5 million free cash flow in Q1 and $7 million cash on hand.

• Stock price rose from $6.50 to $9.75 in three weeks following Q1 results.

Market position and competitive landscape

• Third largest and fastest-growing software telecom platform provider in the U.S., behind Cisco and Metaswitch.

• Gaining market share from Cisco and Metaswitch by offering a better, less expensive platform and capitalizing on uncertainty among their licensees.

• Competes in retail against RingCentral, 8x8, Vonage, Avaya, and Mitel, with higher organic growth than these competitors.

Revenue segments and customer base

• 245 licensees on the wholesale platform, with 28% organic growth projected for 2025 and negligible churn.

• Retail division saw 15% organic growth in Q1, with average customer paying $350/month and 77% recurring revenue.

• Over seven million users globally, up from 100,000 eight years ago.