Crexendo, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period the company reported revenue was $3,022,000 compared to $5,255,000 in the same period last year. Loss from operations was $847,000 compared to $726,000 in the same period last year. Loss before income tax provision was $635,000 compared to income before income tax provision of $44,000 in the same period last year. Net loss was $398,000 or $0.04 per basic and diluted share compared to net income of $197,000 or $0.02 per basic and diluted share in the same period last year. Net cash provided by used in operating activities was $1,818,000 compared to provide by activities of $652,000 in the same period last year. Acquisition of property and equipment was $55,000 compared to $711,000 in the same period last year. The decrease in revenue on a quarter-over-quarter and year-over-year basis is primarily due to the suspension of its direct mail seminar sales channel, commonly referred to as StoresOnline.

Crexendo, Inc. announced that they will report Q1, 2013 results on May 15, 2013

Crexendo, Inc., Q1 2013 Earnings Call, May 15, 2013