Crexendo, Inc. (NASDAQ:CXDO) Q1 2023 Earnings Conference Call May 9, 2023 4:30 PM ET

Company Participants

Steven Mihaylo - Chairman

Jeffrey Korn - Chief Executive Officer

Ronald Vincent - Chief Financial Officer

Doug Gaylor - Chief Operating Officer & President

Jon Brinton - Chief Revenue Officer

Anand Buch - CSO

Conference Call Participants

Eric Martinuzzi - Lake Street Capital

Chris Sakai - Singular Research

Operator

Greetings. Welcome to the Crexendo First Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded.

I will now turn the conference over to your host, Jeff Korn. You may begin.

Jeffrey Korn

Thank you, Mike. Good afternoon, everyone, and welcome to the Crexendo Q1 2023 Conference Call. On the call with me today are Doug Gaylor, our President and COO; Ron Vincent, our CFO; Jon Brinton, our CRO; and Anand Buch, our CSO. Also joining us today is Steve Mihaylo, our Chairman of the Board. And I don't know how the hell you got in here, Steve, because I changed the locks.

Steven Mihaylo

[indiscernible] gave me a key.

Jeffrey Korn

Now I know who I should start firing. I mean I'm only kidding, obviously, I'm very grateful that Steve came here to show his support for me and the team on our first call going solo. So what I'm going to do is ask Luke to go ahead and read the safe harbor statement. After that, I'll give some brief comments, Ron will provide more detail on the numbers, and Doug will provide a business update after that, and then I'll open up the call for questions.

So Luke, would you please read the safe harbor?

Unidentified Company Representative

Thanks, Jeff. Before we begin, we would like to remind everyone that our prepared remarks contain forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for such forward-looking statements. The words believe, expect, anticipate, estimate, will and other similar statements of expectation identify forward-looking statements. Specific forward-looking statements in this conference call include information about Crexendo, believing the top line performance in the first quarter was the result of continued execution from our legacy business as well as recent acquisitions, remaining concentrated on successfully integrating the acquired companies and leading new initiatives designed to drive greater organic growth and bottom line results for our combined organization, continuing to make great strides in improving the operational efficiency of the business and building a lean infrastructure that is capable of supporting growth, increasing both the quality and quantity of offerings, supporting expanded sales efforts to drive additional revenues through new sales to new customers and add-on sales to existing customers, prioritizing the profitability of the business and cutting expenses were necessary to maintain a strong financial footing and looking forward to building on the momentum and further cementing its position as a leader -- leading provider in the UCaaS industry.