Welcome to our dedicated page for Crexendo news (Ticker: CXDO), a resource for investors and traders seeking the latest updates and insights on Crexendo stock.
Overview of Crexendo Inc
Crexendo Inc (CXDO) is a comprehensive cloud communications and unified communications as a service (UCaaS) provider dedicated to delivering secure, cost-effective telecom solutions worldwide. Specializing in cloud telecommunications and innovative software solutions, the company empowers small to mid-sized enterprises through state-of-the-art cloud telephone systems, advanced call center functionalities, comprehensive reporting and unified communication tools. Leveraging industry-leading security and reliability standards, Crexendo ensures that every facet of its service, from data center redundancy to PCI compliance and regulatory adherence as a CLEC in North America, meets the highest quality benchmarks.
Core Business Areas and Unique Value Proposition
At its core, Crexendo operates through two major segments:
- Cloud Telecommunications: This segment provides a full spectrum of communication hardware, software and unified communication services that enable businesses to utilize IP or cloud technologies over high-speed internet. Designed to replace traditional TDM systems, these offerings deliver significant cost savings—typically between 20% and 60%—and improved operational efficiency.
- Software Solutions: This area focuses on licensing, maintenance support, and professional services including advanced UCaaS features. With a subscription model that guarantees dynamic support and continuous innovation, the software division reinforces the company’s commitment to scalable, reliable and transformative communication solutions.
As a company deeply rooted in innovation, Crexendo emphasizes robust security practices. From a world-class data center with multiple redundancy layers to partnerships with top technology providers like Oracle Cloud Infrastructure, the company showcases its commitment to a secure, global framework that underpins its cloud services.
Industry Leadership and Technological Innovation
Crexendo’s solutions integrate advanced features such as AI-powered analytics and smart call transcription, enabling service providers and end users to quickly adapt to the evolving digital landscape. The company has been recognized for its NetSapiens platform, which supports millions of global end users through an extensive network of partners. Its agile, flexible offerings not only simplify communications for businesses but also drive substantial improvements in productivity and overall cost-efficiency. The platform's design incorporates innovative APIs and AI functionalities to ensure a dynamic meeting of technological needs and market demands.
Competitive Position and Market Relevance
In an industry where legacy telecom infrastructures are being rapidly replaced by cloud-based solutions, Crexendo stands apart by focusing on reliability, security and robust customer support. The company’s competitive advantages include:
- Cost Efficiency: Businesses benefit from significantly reduced telecom expenses without sacrificing performance or security.
- Scalability: Whether deployed as a fully hosted service or integrated into a partner’s private cloud, Crexendo’s solutions are designed to scale seamlessly with growing business demands.
- Innovation and Flexibility: With a focus on continuous improvement and integration of AI-powered tools, Crexendo remains agile in an industry characterized by rapid technological shifts.
The company’s neutral yet thorough approach to technology and performance positions it as an informative resource for investors seeking clarity on the cloud communications sector. Crexendo’s unwavering commitment to security and operational excellence—illustrated by its PCI compliance and multiple data redundancies—affirms its authority and trustworthiness in the competitive landscape of UCaaS providers.
Key Offerings and Operational Excellence
Crexendo offers a diversified portfolio which includes:
- Advanced cloud telephone systems
- Unified communications solutions that integrate voice, video and collaboration tools
- Highly secure call center and reporting capabilities
- Scalable software platforms capable of supporting millions of global end users
Every solution is engineered to deliver enhanced productivity and significant cost savings while meeting the demanding security standards of modern businesses. The company’s integration with high-performance cloud infrastructures further solidifies its market significance, ensuring that its clients experience optimal performance and reliability at all times.
Conclusion
In summary, Crexendo Inc is not merely a telecom services provider—it is a technology partner committed to transforming business communications. By blending innovative software solutions with robust cloud telecommunications services, Crexendo empowers businesses to streamline operations, reduce costs and stay ahead in a dynamic digital environment. Its focus on security, scalability and technological innovation delivers a compelling narrative that stands as a benchmark for excellence in the cloud communications industry.
Crexendo (NASDAQ:CXDO), a leading cloud communication platform software provider, has announced its participation in the Planet MicroCap Showcase: VEGAS 2025. The event will take place on April 23-24, 2025, at the Paris Hotel & Casino in Las Vegas.
President and COO Doug Gaylor will deliver a presentation on April 23rd at 10:00 AM PT, while both Gaylor and CFO Ron Vincent will be available for one-on-one investor meetings on April 24th. The presentation will showcase the company's strong performance, particularly highlighting their telecom software platform's achievement of surpassing six million users.
Investors can access the live presentation through a webcast link and schedule in-person meetings through the conference registration portal.
Crexendo (NASDAQ: CXDO) has announced its participation in the upcoming 15th Annual LD Micro Invitational, scheduled for April 9th and 10th, 2025, at the Westin Grand Central in New York. Doug Gaylor will represent the company with a presentation on April 10, 2025, at 10:00 AM ET.
The event will showcase 50+ companies and features:
- Registration starting at 2:00 PM ET on April 9th
- Keynote presentations
- CBIZ Offices Rooftop happy hour
- Company presentations beginning at 8:00 AM ET on April 10th
- LD Micro Moneyball Afterparty at the Knickerbocker Hotel
Crexendo highlights its strong continued success and growth plans, noting their long-standing relationship with LD Micro and the conference's track record as one of their most successful investor events annually.
Crexendo (NASDAQ:CXDO), a leading provider of cloud communication platform software and UCaaS solutions, has announced its participation in the 15th Annual LD Micro Invitational at the Wesin Grand Central in New York on April 9th-10th, 2025.
The company's leadership team, including Doug Gaylor (President and COO), Ron Vincent (CFO), and Jeff Korn (CEO and Chairman), will be available for one-on-one meetings with investors. Their presentation is scheduled for Thursday, April 10 at 10:00 AM in Track 2.
During the event, they will showcase Crexendo's strong performance, highlighting their achievement of surpassing six million users on their software platform, and discuss strategic initiatives for future growth and business development.
Crexendo (NASDAQ:CXDO) has announced reaching over 6 million global users on its NetSapiens platform, more than tripling its user base since 2021. The company has established itself as North America's fastest-growing UCaaS software platform, outpacing competitors at twice the rate.
The growth is attributed to Crexendo's session-based pricing model, which offers advantages over traditional seat-based models, allowing service providers greater flexibility and profitability. The platform can be deployed through facilities-based instances, Oracle Cloud Infrastructure (OCI), or hybrid models.
The company's platform provides cloud communication solutions including voice, video, contact center, and managed IT services. With open APIs for customization and a focus on innovation, Crexendo positions its NetSapiens platform as a stable alternative amid market disruption from competitors like Cisco, Microsoft, Avaya, and Mitel.
Crexendo (NASDAQ:CXDO) has expanded its strategic partnership with the National Association of Basketball Coaches (NABC), providing communications services for the 2025 NABC Convention during the NCAA Men's Final Four Tournament in San Antonio.
This marks the twelfth consecutive year of collaboration, with Crexendo powering the Convention's Mobile Command Center through its cloud communications platform. The system delivers real-time connectivity, call management, and mobility support for event operations.
NABC CFO Stephanie Whitcher emphasized the vital role of Crexendo's technology in ensuring seamless operations and exceptional event experience. Crexendo CEO Jeff Korn highlighted the company's commitment to delivering reliable, scalable communication solutions that enable organizations to operate efficiently.
Crexendo (NASDAQ:CXDO), a cloud communication platform software and UCaaS provider, has appointed Todd A. Goergen as Lead Independent Director of its Board of Directors, effective immediately. Goergen, who has served on Crexendo's Board since 2006, brings extensive experience in corporate strategy, governance, and capital markets.
The appointment strengthens Crexendo's corporate oversight and governance practices. CEO and Chairman Jeff Korn highlighted Goergen's deep expertise in corporate leadership and market dynamics as key factors in the selection. In his new role, Goergen will work closely with the Board and executive leadership to drive strategic growth initiatives.
Goergen's background includes advising and leading companies across various industries, with emphasis on technological innovation, operational excellence, and shareholder value creation.
Crexendo (NASDAQ:CXDO) has secured the 2025 Product of the Year Award from Internet Telephony for its NetSapiens Platform, marking its fifth consecutive win and 27th industry accolade. This achievement follows recent recognition including the Generative AI Expo Product of the Year Award and placement on the 2024 Deloitte Technology Fast 500 list.
The company's cloud communication platform software and UCaaS offerings include voice, video, contact center, and managed IT services. Crexendo's platform features session-based pricing instead of seat-based limitations, allowing partners to deploy solutions on-premises, in Crexendo's Oracle Cloud, or in a hybrid model.
Crexendo (NASDAQ:CXDO) reported strong financial results for Q4 and fiscal year 2024. The company achieved total revenue of $60.8 million for the year, up 14% year-over-year, with Q4 revenue reaching $16.2 million, a 15% increase.
Key financial highlights include:
- Annual net income of $1.7 million ($0.06 per share)
- Non-GAAP net income of $7.7 million for 2024
- Software solutions revenue grew 30% to $23.4 million
- Service revenue increased 7% to $31.8 million
- Cash and equivalents reached $18.2 million, up from $10.3 million in 2023
The company's software solutions segment showed particularly strong growth, benefiting from market disruption caused by competitors Cisco and Microsoft. Crexendo's focus on innovation and artificial intelligence applications continues to drive growth in telecom services sales.
Crexendo (NASDAQ:CXDO), a leading software technology company specializing in cloud communication platforms and UCaaS solutions, has announced its participation in the Oppenheimer 10th Annual Emerging Growth Conference, scheduled for February 25-26, 2025. The virtual event will feature Doug Gaylor, President and COO, and Ron Vincent, CFO, who will be available for one-on-one meetings with institutional investors.
During these meetings, management will showcase Crexendo's recent performance and outline future growth strategies and business development opportunities. The company, known for providing voice, video, contact center, and managed IT services to businesses of all sizes, continues to demonstrate strong results in the cloud communication sector.
Interested institutional investors can schedule meetings through their Oppenheimer representative or by contacting opcoconferences@opco.com.
Crexendo (NASDAQ:CXDO) has scheduled its fourth quarter and year end 2024 financial results conference call for March 4, 2025, at 4:30 PM ET. The company's leadership team, including CEO Jeff Korn, President and COO Doug Gaylor, and CFO Ron Vincent, will present prepared remarks and host a Q&A session.
For those interested in participating, the domestic dial-in number is 888-506-0062, while international participants can call 973-528-0011, using access code 834644. Participants are advised to dial in five minutes before the call begins. A replay will be available until March 11, 2025, accessible via 877-481-4010 (domestic) or 919-882-2331 (international) with replay passcode 52036.
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