STEVEN MIHAYLO, CEO of Crexendo, bought 12,756 shares of Crexendo (Stock Symbol: EXE) at approximately $3.1 per share over a series of transactions for a total amount of $39 thousand in the month of January, 2014.
Crexendo is located in Tempe, Arizona.
On August 29th 2013, Crexendo, a hosted services company that provides web hosting, hosted telecommunications services, e-commerce software, website development and broadband internet services for businesses and entrepreneurs, today announced the election of Jeffrey P. Bash to the Crexendo, Inc. Board of Directors, effective August 28, 2013.
Mr. Bash has been a long time investor in Crexendo and has extensive investing and corporate finance experience. From 2008 to the present Bash has also worked as a consultant to the private equity firm, General Pacific Partners LLC of Newport Beach, CA. Since 2006 Bash has been a private investor and advocate for stockholder interests with both managements and Boards. Prior to 2006, Bash was a Corporate Vice President & Actuary for New York Life Insurance Company, becoming a Fellow of the Society of Actuaries (FSA) from 1970 until his retirement in 1995. Mr. Bash received his Bachelor of Arts degree in mathematics from Oberlin College.
On November 12th 2013, Crexendo, Inc. reported financial results for its third quarter of 2013. Consolidated revenue for the third quarter of 2013 decreased 11% or $0.3 million to $2.4 million compared to $2.7 million for the second quarter of 2013 and decreased 37% or $1.5 million compared to $3.9 million for the third quarter of prior year.
According to Capital IQ, Crexendo has a market cap of $33 million, an enterprise value of $30 million, and trailing 12 month revenues of $11 million.
Crexendo, Inc. formerly iMergent, Inc., is a hosted services company that provides e-commerce software, Website development, Web hosting, search engine optimization, link building and hosted telecom services that include integration of e-mail, fax, and phone with e-commerce for businesses and entrepreneurs. The Company operates in three segments: StoresOnline, Crexendo Web Services and Crexendo Network Services. The Company’s business solution products and services are categorized in to Website Design and Development, Search Engine Optimization (SEO), Link Building, Conversion Rate Optimization (CRO), Paid Search Management, Do-It-Yourself Websites and Cloud Telephone Service Plans. Its services include voice and messaging services over broadband networks, Do-It-For-Me and Do-It-Yourself content management and Website building tools, online marketing, online lead generation, e-commerce technology and training solutions.
Steven Mihaylo’s most recent annual compensation from Crexendo is a salary of $9,788 and $458,997 in other compensation.Mr. Mihaylo is 68 years old.
According to the biography,Mr. Steven G. Mihaylo, Ph.D., is Chairman of the Board, Chief Executive Officer of Crexendo Inc. Mr. Mihaylo was appointed Chief Executive Officer in 2008 and Chairman of the Board in November 2010. Mr. Mihaylo is the former Chairman and Chief Executive Officer of Inter-Tel, Incorporated (“Inter-Tel”), which he founded in 1969 and where he continued to serve until 2007. Mr. Mihaylo led the development of Inter-Tel from providing business telephone systems to offering complete managed services and software that help businesses facilitate communication and increase customer service and productivity.
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