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.
About Crexendo Inc.
Crexendo Inc. (NASDAQ: CXDO) is a premier software technology company specializing in cloud communication platforms and Unified Communications as a Service (UCaaS). The company provides a comprehensive suite of services, including voice, video, contact center, and managed IT solutions, tailored to businesses of all sizes. Crexendo’s solutions are designed to enhance productivity, streamline communications, and reduce costs, making it a trusted partner for enterprises seeking scalable and customizable communication tools.
Core Business Segments
Crexendo operates through two primary business segments:
- Cloud Telecommunications: This segment offers hardware, software, and unified communication solutions leveraging IP and cloud technology. It provides subscription-based services that include free call center capabilities, detailed reporting, and unified communications tools.
- Software Solutions: Through its proprietary NetSapiens platform, Crexendo licenses advanced communication software to over 230 partners globally. This segment generates revenue through software licenses, maintenance support, and professional services, offering robust APIs and AI-driven features to enhance user experience.
Competitive Differentiators
Crexendo distinguishes itself in the competitive UCaaS and SaaS markets through:
- NetSapiens Platform: A highly scalable and feature-rich communication platform supporting over five million global users. The platform offers unmatched flexibility, enabling partners to deploy solutions in minutes.
- AI-Driven Innovations: Recent updates, such as the AI-powered Video Studio and Speech-to-Text Transcription, demonstrate Crexendo’s commitment to integrating cutting-edge technology into its offerings.
- Cost Efficiency: Crexendo’s solutions are typically 20-60% more affordable than traditional telecom services, delivering significant cost savings to clients.
- Global Reach: With data centers in the US, UK, Netherlands, and Australia, Crexendo ensures low latency and high reliability for customers worldwide.
- Security and Compliance: Crexendo adheres to the highest security standards, including PCI compliance, ensuring robust data protection for its clients.
Industry Significance
Crexendo is a recognized leader in the UCaaS industry, with Frost & Sullivan naming its NetSapiens platform the fastest-growing UCaaS platform in North America. The company’s strategic partnerships, such as its collaboration with Oracle Cloud Infrastructure, further enhance its competitive edge by improving performance and reliability. Crexendo’s solutions empower businesses to transition from legacy systems to modern, cloud-based communication platforms, driving digital transformation across industries.
Commitment to Innovation
Crexendo’s focus on research and development is evident in its continuous platform enhancements. The introduction of AI-driven features, such as sentiment analysis and automated meeting transcriptions, positions the company as a forward-thinking provider in the evolving communications landscape. Its open API ecosystem enables partners to develop custom applications, fostering innovation and expanding use cases.
Customer-Centric Approach
Crexendo prioritizes customer satisfaction through its reliable, scalable, and customizable solutions. Its managed IT services and robust support infrastructure ensure seamless integration and operation, making it a preferred choice for businesses seeking comprehensive communication solutions.
Conclusion
Crexendo Inc. is a transformative force in the cloud communications industry, offering innovative, cost-effective, and scalable solutions that cater to the diverse needs of its global customer base. With its focus on AI, security, and customer experience, Crexendo is well-positioned to continue driving growth and innovation in the UCaaS and SaaS markets.
Crexendo, Inc. (NASDAQ:CXDO) will present at the 7th Annual Oppenheimer Emerging Growth Conference on May 10, 2022. The conference will connect institutional investors with over 50 emerging technology and industrial companies. Key executives, including Doug Gaylor and Ron Vincent, will discuss Crexendo's impressive 71% revenue growth to $28.1 million in 2021 and a non-GAAP income of $1.7 million. Crexendo offers award-winning UCaaS solutions, supporting over two million users worldwide and recognized as the fastest growing UCaaS platform in North America.
Crexendo, Inc. (NASDAQ:CXDO) will exhibit at the Channel Partners Conference in Las Vegas from April 11-14, 2022. The company, recognized as the fastest growing UCaaS platform in the U.S., aims to showcase its award-winning technology powered by NetSapiens. The VIP platform offers a 100% uptime guarantee and supports over two million end users globally. The event will provide Crexendo an opportunity to engage with partners and highlight its diverse commercial models and high customer satisfaction ratings.
Crexendo, Inc. (NASDAQ:CXDO), a leading provider of Unified Communications as a Service (UCaaS), has been awarded the 2022 TMC Remote Work Pioneer Award. This recognition emphasizes the company's rapid growth and effectiveness in delivering cloud communication solutions, particularly critical during the shift towards remote work.
Supporting over 2 million users globally, Crexendo's solutions cater to businesses of all sizes, enabling seamless communication and collaboration. CEO Steven G. Mihaylo praised the company's commitment to providing reliable tools for a flexible work environment, underscoring the significance of this award.
Crexendo, Inc. (NASDAQ:CXDO) reported robust financial results for Q4 and the full year ending December 31, 2021. Q4 revenue skyrocketed by 108% to $9.0 million, while total revenue for 2021 rose 71% year-over-year to $28.1 million. The company achieved a Q4 non-GAAP net income of $592,000, contrasting with a GAAP net loss of $(602,000). Despite increased operating expenses attributed to acquisitions, Crexendo remains optimistic about future growth, targeting a 40%-50% increase in business. A conference call is scheduled for March 21, 2022, to discuss these results further.
Mavenir and Crexendo have entered a strategic partnership to enhance their offerings in the Unified Communications as a Service (UCaaS) and business messaging markets. This collaboration allows Mavenir to integrate Crexendo’s UCaaS into its Mavenir Connect brand while Crexendo incorporates Mavenir’s Contact Center as a Service (CCaaS) solutions. Both companies aim for accelerated growth, improved service offerings, and enhanced customer engagement. Crexendo, recognized as the Fastest Growing UCaaS Platform in North America, supports over 2 million users.
Crexendo, Inc. (NASDAQ:CXDO) will hold its fourth quarter and year-end 2021 financial results conference call on March 21, 2022, at 4:30 PM EST. Executives, including CEO Steven G. Mihaylo, will present prepared remarks followed by a Q&A session. Domestic callers can dial 877-545-0320, while international participants should use 973-528-0002. A replay of the call will be available until March 28, 2022, with a passcode of 44837. Crexendo is recognized as a leading UCaaS provider, supporting over two million end users globally.
Crexendo, Inc. (CXDO) announced a quarterly cash dividend of $0.005 per common share, payable on February 28, 2022 to stockholders of record by February 18, 2022. CEO Steven G. Mihaylo expressed confidence in the company's strong financial position and expects growth between 40% to 50% annually. Crexendo is recognized as the fastest-growing UCaaS platform in the U.S., supporting over two million end users globally. The dividend declaration reflects the board's assessment of the company’s sustained free cash flow.
Crexendo, Inc. (NASDAQ:CXDO) has been recognized with the 2021 TMC Labs Innovation Award for its VIP Platform, noted for innovation and quality in the UCaaS space. This accolade underscores Crexendo's status as the fastest growing UCaaS platform in the U.S., supporting over two million users globally. The company's services, which include a comprehensive hosted phone system and collaboration tools, are critical for businesses transitioning to remote work. CEO Steven G. Mihaylo emphasized the company's commitment to providing exceptional telecom solutions, backed by a 100% uptime guarantee.
Crexendo, Inc. (NASDAQ: CXDO), a leading provider of Unified Communications as a Service (UCaaS), has partnered with Telecom Consulting Group (TCG) to promote its VIP platform to TCG's extensive network of over 6,000 agents. This all-in-one cloud communication solution has received numerous awards for customer satisfaction and guarantees 100% uptime. Crexendo supports over 2 million global end users and has been recognized as the fastest-growing UCaaS platform in the United States. The partnership aims to enhance Crexendo's market reach and growth potential.
Crexendo, Inc. (NASDAQ: CXDO) has been recognized as one of the best VoIP providers based on high customer satisfaction ratings from G2, a leading business solutions review website. Their VoIP ratings scored 100% in both 'Quality of Support' and 'Ease of Doing Business With', exceeding the category averages. The company supports over 2 million end users globally and has been identified as the fastest growing UCaaS platform in the U.S. CEO Steven G. Mihaylo emphasized the significance of customer service in their success.
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