Earnings release
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crexendoⓇ ride the cloud Exhibit 99.1 Crexendo Announces Second Quarter 2021 Results PHOENIX , AZ ( Marketwired – August 10 , 2021 ) Crexendo , Inc. ( NASDAQ : CXDO ) is an award - winning premier provider of Unified Communications as a Service ( UCaaS ) , Call Center as a Service ( CCaaS ) , communication platform software solutions , and collaboration services designed to provide enterprise - class cloud communication solutions to any size business through our business partners , agents , and direct channels . Our solutions currently support over 1.7M end users globally and was recently recognized as the fastest growing UCaaS platform in the United States . Today , the Company reported financial results for the second quarter ended June 30 , 2021 . Second Quarter Financial highlights : • Total revenue increased 43 % year - over - year to $ 5.8 million . • Service revenue increased 20 % year - over - year to $ 4.3 million . • Non - GAAP net income of $ 37,000 and GAAP net loss of $ ( 1.0 ) million Financial Results for the Second Quarter of 2021 Consolidated total revenue for the second quarter of 2021 increased 43 % to $ 5.8 million compared to $ 4.1 million for the second quarter of 2020 . Consolidated service revenue for the second quarter of 2021 increased 20 % to $ 4.3 million compared to $ 3.6 million for the second quarter of 2020 . Consolidated software solutions revenue for the second quarter of 2021 of $ 1.0 million compared to $ 0 for the second quarter of 2020. Software solutions revenue represents revenue from the NetSapiens business combination from the acquisition date of June 1 , 2021 . Consolidated product revenue for the second quarter of 2021 decreased 2 % to $ 440,000 compared to $ 449,000 for the second quarter of 2020 .