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Recent Updates — CXDO

August 4, 2026View Source ↗

Crexendo, Inc. reported financial results for the second quarter ended June 30, 2026, showing total revenue increased 49% year-over-year to $24.6 million. GAAP net income was $1.1 million, or $0.03 per share, while Non-GAAP net income reached $4.1 million, or $0.12 per share. Service revenue grew 78% to $14.9 million, and product revenue surged 104% to $2.5 million. Operating expenses rose 53% to $23.6 million due to the integration of the ESI acquisition, which contributed significantly to sales exceeding initial expectations. The company secured eleven new platform logos in the quarter and reported adjusted EBITDA of $4.1 million. Crexendo operates in the software technology industry as a provider of cloud communication platform software and unified communications as a service (UCaaS) offerings.

July 30, 2026View Source ↗

Crexendo appointed Chris Aaker as Chief Technology Officer effective August 1, 2026, succeeding David Wang who transitions to Senior Vice President of Platform and Architecture. The leadership change is part of a planned succession strategy with no disagreement between the parties or departing executives. Crexendo operates in the cloud communication services, video collaboration, and managed IT industry.