Crexendo, Inc.

Crexendo, Inc. is a software technology company that provides cloud communication platform software and unified communications as a service (UCaaS). These offerings include voice, video, contact center, and managed IT services designed for businesses of all sizes. The company's cloud communications software solutions currently support over seven million end users globally through a network of over 240 cloud communication platform software subscribers and its direct retail offering. Crexendo's products and services include Cloud Telecommunications Services, which transmit calls using IP or cloud technology by converting voice signals into digital data packets for Internet or cloud transmission. Their calling plans offer basic features found in traditional telephone services, along with enhanced features. This platform allows users to access services and features with a single "identity" or telephone number, regardless of their Internet or cloud connection method, such as a desktop device or a mobile application. The company generates recurring revenue from cloud telecommunications services, broadband Internet services, managed IT services, software license sales, and infrastructure as a service. Cloud telecommunications contracts typically have a thirty-six to sixty-month term. Crexendo also charges activation and flash fees; a portion of activation fees allocated to desktop devices is recognized at installation or customer acceptance, while a portion allocated to service is recognized over the contract term using the straight-line method. Other various contracted and non-contracted fees are also charged. Product revenue, equipment financing revenue, and device as a service revenue are generated from the sale and lease of cloud telecommunications equipment. Revenues from equipment sales, including sales-type leases, are recognized at the time of sale or lease inception.