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, Inc. (NASDAQ:CXDO) will present at the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022, in New York City. Doug Gaylor, President, and Ron Vincent, CFO, will lead the presentation on September 14 at 9:30 am ET in the Stanford Room. Crexendo offers Unified Communications as a Service (UCaaS) and Call Center as a Service (CCaaS), supporting over two million users globally. The company is recognized as the fastest-growing UCaaS platform in the U.S. Individual meetings with investors will also be available.
Crexendo (NASDAQ:CXDO) has announced significant achievements in its UCaaS offerings, being recognized with multiple awards including the 2022 Communications Solutions Product of The Year Award and 2022 Pandemic Tech Innovation Award. The company supports over 2.5 million end users globally and is the fastest growing UCaaS platform in the U.S. Crexendo has received 11 awards from G2, highlighting customer satisfaction across various categories. CEO Steven G. Mihaylo emphasized the commitment to customer service and the benefits of their offerings for businesses.
Crexendo, Inc. (NASDAQ:CXDO) announced a quarterly cash dividend of $0.005 per common share on August 9, 2022. This dividend will be paid on September 2, 2022, to stockholders of record as of the close of business on August 23, 2022. Crexendo previously paid the same quarterly dividend on June 10, 2022. Future dividends are subject to Board approval. The company is recognized for its Unified Communications as a Service (UCaaS) platform, supporting over two million end users globally.
Crexendo, Inc. (NASDAQ:CXDO) will host its Q2 2022 financial results conference call on August 9, 2022, at 4:30 PM EST. Executives including CEO Steven G. Mihaylo and CFO Ron Vincent will present and address questions. The call can be accessed domestically at 877-545-0320 and internationally at 973-528-0002, using the access code 716284. A replay will be available until August 16, 2022, via 877-481-4010. Crexendo is a leading provider of UCaaS and CCaaS solutions, supporting over 2.5 million users globally.
Crexendo, Inc. (NASDAQ:CXDO), a leading provider of Unified Communications as a Service (UCaaS), will showcase its award-winning technology at IT EXPO 2022 in Fort Lauderdale from June 21-24, 2022. The company has received numerous accolades, including the Cloud Computing Product of the Year and CRM Excellence Award. Crexendo emphasizes its customer-first approach, supported by positive reviews from G2, highlighting high satisfaction ratings. The company supports over two million end users globally and offers a 100% uptime guarantee for its VIP™ platform.
Crexendo, Inc. (NASDAQ:CXDO) will present at the 12th Annual LD Micro Invitational on June 7th at 2:00 PM PT, held at Four Season Westlake Village. Doug Gaylor, President, and Ron Vincent, CFO, will present and meet with investors on June 7 and 8. Crexendo is recognized as a leading provider of Unified Communications as a Service (UCaaS) and Call Center as a Service (CCaaS), supporting over two million users globally. The presentation can be registered for at this link.
Crexendo, Inc. (NASDAQ:CXDO) announced a quarterly cash dividend of $.005 per share, payable on June 10, 2022, to shareholders on record by May 30, 2022. The company, recognized as the fastest growing UCaaS platform in the U.S., supports over two million end users globally through various sales channels. Crexendo specializes in Unified Communications as a Service (UCaaS) and Call Center as a Service (CCaaS).
Crexendo, Inc. (NASDAQ: CXDO) announces its growth to over 2.5 million end users of its Unified Communications as a Service (UCaaS) platform, marking significant expansion in the telecommunications sector. Recognized as the fastest-growing UCaaS platform in the U.S., the company attributes this success to its robust software solutions and telecom services. CEO Steven G. Mihaylo expressed confidence in future growth and profitability due to this sustained increase in users, which is expected to drive higher revenue and margins for the company.
Crexendo, Inc. (NASDAQ:CXDO) reported a significant 81% year-over-year revenue increase to $8.2 million for Q1 2022, driven by growth in their telecommunications and software services. While service revenue saw a modest 6% increase to $4.4 million, the company reported a GAAP net loss of $1.22 million, up from a loss of $715,000 in Q1 2021. Non-GAAP net income was $405,000, reflecting strong operational performance despite challenges posed by economic uncertainty. Total cash was $5.7 million as of March 31, 2022, signaling ongoing liquidity concerns.
Crexendo, Inc. (NASDAQ:CXDO) is set to announce its Q1 2022 financial results during a conference call on May 12, 2022, at 4:30 PM EST. The call will include remarks from CEO Steven G. Mihaylo, COO Doug Gaylor, and CFO Ron Vincent, followed by a Q&A session. Domestic participants can dial in at 877-545-0523, while international participants can call 973-528-0016, using access code 899595. A replay will be available until May 19, 2022 for those who miss the call.
Crexendo is a leader in Unified Communications as a Service (UCaaS) and currently supports over two million end users worldwide.
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