JGR Capital Partners Initiates Coverage on Crexendo, Inc.

NEW YORK, NY / ACCESSWIRE / June 26, 2017 / JGR Capital Partners, a leading equity research firm, has announced it has initiated coverage on Crexendo Inc. (OTCQX: CXDO) with a base case financial valuation of $2.40 per share.

The full report can be found here: CXDO Initiation.

Crexendo, Inc. is a full-service cloud solutions provider that delivers critical cloud telecommunication services and other hosted services. The company sets itself apart by offering a variety of advanced features, which can be customized for the specific needs of a customer. The company bundles these features into a unified cloud communications solution that offers both desktop and mobile support, representing a unique investment opportunity.

Key Report Highlights:

Crexendo predicts that it will break even on both a cash flow and GAAP net income basis by the fourth quarter of 2017.

Crexendo offers state of the art services, having won the Internet Telephony Excellence Award for Innovation in IP communication four years in a row, as well as the 2016 Communications Solutions Product of the Year Award and the 2016 TMC Labs Innovation Award.

Management is growing Crexendo organically while cutting operating expenses. In the most recent quarter, cloud telecommunications revenue rose 16%, while overall expenses fell 6% year-over-year.

The VoIP market is predicted to grow 10.7% per year over the next five years, reaching $20 billion by 2022, representing a large opportunity for Crexendo. Unlike many of its competitors, Crexendo develops all its products and firmware in-house. This allows the company to send out firmware updates every 6-8 weeks, improving the customer experience and providing it with a key competitive advantage.

JGR Capital Partners LLC is being compensated by Crexendo for producing research materials regarding Crexendo and its securities. Payment is made in cash and is billed quarterly. As of 06/16/2017, the issuer had paid us $2,500 for its services, which commenced April 2017. Additional fees may have accrued since then. Full disclosures pertaining to this report can be found at www.jgrcapitalpartners.com.

About Crexendo Inc.:

Crexendo is a hosted services company that provides hosted telecommunications services, hosted website services, website development software, and broadband internet services for businesses and entrepreneurs. More information on Crexendo Inc. can be found at http://www.crexendo.com/.

About JGR Capital Partners:

JGR Capital Partners is an international equity research and digital investor relations firm that focuses on companies under $2 billion in market capitalization. The firm is headquartered in New York City, with affiliate offices in Los Angeles, Sao Paulo, and Shanghai. Our team of experienced analysts forms investment theses based on company and sector expertise, with a strict focus on fundamentals and valuation. For more information on JGR Capital Partner’s, visit our website at www.jgrcapitalpartners.com.

SOURCE: JGR Capital Partners

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