Crexendo was founded in 1995 and is headquartered in Tempe, US

Crexendo has offices in Tempe and Morrisville

Tempe, US (HQ)

1615 S 52nd St

Morrisville, US

d 500 Perimeter Park Dr

Crexendo's revenue was reported to be $2.3 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 2.3 m |

## Gross profit (Q1, 2017) | 1.5 m |

## Gross profit margin (Q1, 2017), % | 66% |

## Net income (Q1, 2017) | (543 k) |

## EBIT (Q1, 2017) | (509 k) |

## Market capitalization (19-Jul-2017) | 23.5 m |

## Closing share price (19-Jul-2017) | 1.7 |

## Cash (31-Mar-2017) | 968 k |

Crexendo's current market capitalization is $23.5 m.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 10.3 m | 7.6 m | 7.8 m | 9.1 m |

## Revenue growth, % | (26%) | 3% | 17% | |

## Cost of goods sold | 4.1 m | 3.6 m | 3.6 m | 3.6 m |

## Gross profit | 6.2 m | 4 m | 4.2 m | 5.5 m |

## Gross profit Margin, % | 60% | 53% | 54% | 60% |

## R&D expense | 826 k | |||

## General and administrative expense | 4.9 m | |||

## Operating expense total | 16.1 m | 14.2 m | 12.7 m | 11.9 m |

## EBIT | (5.7 m) | (6.6 m) | (4.8 m) | (2.8 m) |

## EBIT margin, % | (56%) | (87%) | (62%) | (30%) |

## Interest expense | 28 k | 138 k | ||

## Interest income | 501 k | 150 k | 24 k | 15 k |

## Pre tax profit | (5.2 m) | (6.3 m) | (4.6 m) | (2.8 m) |

## Income tax expense | 257 k | |||

## Net Income | (5 m) | (6.4 m) | (4.5 m) | (2.8 m) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 1.8 m | 1.7 m | 1.9 m | 1.9 m | 2 m | 2.2 m | 2.3 m | 2.3 m | 2.3 m |

## Cost of goods sold | 884 k | 790 k | 861 k | 855 k | 882 k | 913 k | 917 k | 932 k | 802 k |

## Gross profit | 924 k | 935 k | 991 k | 1 m | 1.1 m | 1.3 m | 1.4 m | 1.4 m | 1.5 m |

## Gross profit Margin, % | 51% | 54% | 54% | 55% | 55% | 58% | 60% | 60% | 66% |

## R&D expense | 435 k | 394 k | 203 k | 165 k | 209 k | 229 k | 216 k | 189 k | 190 k |

## General and administrative expense | 1.5 m | 1.5 m | 1.6 m | 1.4 m | 1.3 m | 1.3 m | 1.3 m | 1.1 m | 1.2 m |

## Operating expense total | 2 m | 1.9 m | 1.8 m | 1.5 m | 1.5 m | 1.5 m | 1.5 m | 1.3 m | 1.4 m |

## EBIT | (1.6 m) | (1.6 m) | (1.4 m) | (1.1 m) | (1.1 m) | (869 k) | (776 k) | (609 k) | (509 k) |

## EBIT margin, % | (86%) | (90%) | (74%) | (57%) | (53%) | (40%) | (34%) | (26%) | (22%) |

## Interest expense | (10 k) | (3 k) | (3 k) | (35 k) | (31 k) | (39 k) | (35 k) | ||

## Interest income | 37 k | 37 k | 6 k | 7 k | 6 k | 4 k | 4 k | 4 k | 3 k |

## Pre tax profit | (1.2 m) | (1.1 m) | (1 m) | (865 k) | (774 k) | (617 k) | (539 k) | ||

## Income tax expense | (13 k) | (9 k) | (10 k) | (8 k) | (10 k) | (3 k) | (4 k) | (4 k) | (4 k) |

## Net Income | (1.5 m) | (1.5 m) | (1.2 m) | (1.1 m) | (1 m) | (868 k) | (778 k) | (621 k) | (543 k) |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 3.1 m | 2.9 m | 1.5 m | 619 k |

## Accounts Receivable | 158.3 k | |||

## Inventories | 217 k | 72 k | 134 k | 170 k |

## Current Assets | 5.6 m | 4.9 m | 3.3 m | 2.1 m |

## PP&E | 2.2 m | 68 k | 33 k | 18 k |

## Goodwill | 75 k | 272 k | 272 k | 272 k |

## Total Assets | 9.6 m | 7.5 m | 5.7 m | 3.5 m |

## Accounts Payable | 201 k | 47 k | 76 k | 116 k |

## Current Liabilities | 2.8 m | 2.7 m | 2.3 m | 2 m |

## Total Liabilities | 3 m | |||

## Additional Paid-in Capital | 51 m | 55.4 m | 57.6 m | 58.7 m |

## Retained Earnings | (44.5 m) | (50.9 m) | (55.4 m) | (58.2 m) |

## Total Equity | 6.7 m | 4.5 m | 2.2 m | 515 k |

## Financial Leverage | 1.4 x | 1.7 x | 2.6 x | 6.9 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 2.7 m | 1.9 m | 2.1 m | 1.8 m | 1.6 m | 1.2 m | 923 k | 854 k | 968 k |

## Accounts Receivable | 653 k | ||||||||

## Inventories | 115 k | 54 k | 49 k | 79 k | 115 k | 129 k | 129 k | 124 k | 294 k |

## Current Assets | 5.2 m | 4.2 m | 4 m | 3.7 m | 3.5 m | 3 m | 2.8 m | 2.4 m | 2.5 m |

## PP&E | 189 k | 105 k | 53 k | 56 k | 48 k | 27 k | 24 k | 21 k | 15 k |

## Goodwill | 272 k | 272 k | 272 k | 272 k | 272 k | 272 k | 272 k | 272 k | 272 k |

## Total Assets | 8.1 m | 6.9 m | 6.5 m | 6.1 m | 5.7 m | 5.2 m | 4.9 m | 4.4 m | 3.6 m |

## Accounts Payable | 27 k | 174 k | 172 k | 95 k | 295 k | 172 k | 263 k | 308 k | 173 k |

## Current Liabilities | 2.6 m | 2.8 m | 2.5 m | 2.3 m | 2.7 m | 2.5 m | 2.6 m | 2.7 m | 2.1 m |

## Additional Paid-in Capital | 52.7 m | 53 m | 55.8 m | 56.7 m | 57 m | 57.8 m | 58.2 m | 58.4 m | 59.3 m |

## Retained Earnings | (47.6 m) | (49.1 m) | (52.1 m) | (53.1 m) | (54.2 m) | (56.3 m) | (57.1 m) | (57.7 m) | (58.8 m) |

## Total Equity | 5.1 m | 3.8 m | 3.8 m | 3.6 m | 2.8 m | 1.6 m | 1.1 m | 693 k | 507 k |

## Financial Leverage | 1.6 x | 1.8 x | 1.7 x | 1.7 x | 2 x | 3.3 x | 4.3 x | 6.4 x | 7.1 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | (5 m) | (6.4 m) | (4.5 m) | (2.8 m) |

## Depreciation and Amortization | 663 k | 270 k | 146 k | |

## Inventories | 217 k | 145 k | (62 k) | (36 k) |

## Accounts Payable | 201 k | |||

## Cash From Operating Activities | (4.4 m) | (4.3 m) | (3 m) | (1.1 m) |

## Purchases of PP&E | (8 k) | (25 k) | ||

## Cash From Investing Activities | 2.2 m | (4 k) | 11 k | |

## Cash From Financing Activities | 2 m | 1.6 m | 237 k |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | (1.5 m) | (1.5 m) | (1.2 m) | (1.1 m) | (1 m) | (868 k) | (778 k) | (621 k) | (543 k) |

## Accounts Receivable | 653 k | ||||||||

## Inventories | 115 k | 54 k | 49 k | 79 k | 115 k | 129 k | 129 k | 124 k | 294 k |

## Accounts Payable | 27 k | 174 k | 172 k | 95 k | 295 k | 172 k | 263 k | 308 k | 173 k |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 42.6 k |

## Financial Leverage | 7.1 x |