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Crexendo Inc. (NASDAQ: CXDO) is a premier provider of cloud communication platforms and services designed to enhance productivity and reduce costs for businesses of all sizes, from small and medium-sized businesses (SMBs) to mid-sized enterprises. With its extensive range of services, Crexendo offers cloud telephone systems, call centers, unified communications (UCaaS), and collaboration tools, all aimed at improving business efficiency at affordable rates, typically 20-60% lower than traditional telecom expenses.
Crexendo operates through two main segments: Cloud Telecommunications and Software Solutions. The Cloud Telecommunications segment provides hardware, software, and comprehensive unified communication solutions utilizing IP or cloud technology via high-speed internet connections. The Software Solutions segment generates revenue from software licenses, maintenance support, and professional services, catering to customer support and other auxiliary services. The company also offers product warranties and derives a majority of its revenue from the Cloud Telecommunications segment.
Commitment to reliability and security is at the forefront of Crexendo’s operations. The company’s services are benchmarked against stringent security and reliability standards, with PCI compliance and registration as a Competitive Local Exchange Carrier (CLEC) across the USA and Canada. The data centers boast multiple levels of redundancy and high-level security defenses, ensuring maximum operational uptime and data protection.
In recent developments, Crexendo has achieved significant milestones and recognition in the industry. It has been awarded the 2024 North American Competitive Strategy Leadership Award by Frost & Sullivan, highlighting a remarkable 36% user growth in 2023. The company’s cloud platform now supports over four and a half million end users globally, a testament to its expanding market presence and adoption. Additionally, Crexendo has incorporated Generative AI technology powered by ChatGPT into its Contact Center solutions, enhancing real-time conversational capabilities.
Financially, Crexendo has reported robust growth, with a 24% increase in total revenue for the fourth quarter of 2023, reaching $14.2 million. The company has maintained profitability, achieving a net income of $0.4 million for the first quarter of 2024. With strategic partnerships, such as the collaboration with Oracle Cloud Infrastructure (OCI), Crexendo is well-positioned for further geographic expansion and enhanced service delivery.
Crexendo has also been recognized in G2’s Spring 2024 Reports, achieving first place in 19 customer satisfaction categories. This recognition, along with numerous industry accolades, underscores the company's commitment to delivering exceptional cloud communication solutions and customer service.
For more information about Crexendo's products and services, please visit www.crexendo.com.
Crexendo, Inc. (CXDO) announced the release of version 42 of its NetSapiens SNAPsolution, a leading cloud communications platform. The update introduces features such as Enhanced 911 Integrations, Call Center improvements, and support for Ubuntu 20 and Apple SSO. The platform has been recognized as the fastest-growing UCaaS provider in North America, supporting over 2 million end users. Executives express optimism about continued enhancements to increase shareholder value. This release aligns with the company's commitment to meeting market needs.
Crexendo (CXDO) announced its participation at the LD Micro Main Event Conference scheduled for October 12 from 4:00 to 4:30 PM PST. Presentations will be given by Doug Gaylor and Ron Vincent, alongside 1x1 investor meetings on October 12 and 13. The event will feature around 150 companies and keynotes from October 12 to 14 at the Luxe Sunset Bel-Air in Los Angeles. Crexendo is recognized as the fastest growing UCaaS platform in the U.S., supporting over 2 million end users globally.
Crexendo, Inc. (NASDAQ:CXDO) announced the addition of iTelecom as a Master Agent to enhance its VIP platform, a comprehensive cloud business communications solution. This platform offers video collaboration, interactions, and business phone services with a 100% uptime guarantee and has been recognized as the 2021 Communications Solution Product of the Year by TMC. Crexendo's solutions support over 2 million end users globally and it has been acknowledged as the fastest growing UCaaS platform in the U.S. The partnership aims to expand the reach of the VIP platform into new organizations.
Crexendo, Inc. (NASDAQ:CXDO) announced that its communication solutions now support over two million end users globally. The company highlighted the growth of its NetSapiens division, recognized as the fastest growing UCaaS provider in North America. CEO Steven G. Mihaylo emphasized this milestone reflects the platform's acceptance and the team's dedication, with ongoing investments aimed at enhancing customer experience. Crexendo aims to deliver a competitive edge with its VIP platform, offering comprehensive cloud communication services.
Crexendo, Inc. (NASDAQ:CXDO), a leading provider of Unified Communications as a Service (UCaaS) and Call Center as a Service (CCaaS), will participate in the Colliers Institutional Investor Conference virtually on September 9, 2021. Presentations will be delivered by Doug Gaylor, President and COO, and Ron Vincent, CFO. Investors interested in engaging can contact their Colliers Securities representative. Crexendo supports over 1.7 million end users globally and has been recognized as the fastest-growing UCaaS platform in the U.S.
Crexendo, Inc. (NASDAQ:CXDO) has appointed OTG Consulting as a new Master Agent for its VIP Business Communications Platform, a comprehensive UCaaS solution offering video collaboration and business phone services. The VIP platform, which supports over 1.7 million users globally, recently won the TMC 2021 Communications Solutions Products of the Year Award and guarantees 100% uptime. This partnership aims to enhance customer experience and meet rising demand as businesses transition to hybrid work environments.
Crexendo, Inc. (NASDAQ:CXDO) reported a significant 43% year-over-year increase in total revenue for Q2 2021, reaching $5.8 million, with service revenue rising 20% to $4.3 million. The company incurred a GAAP net loss of $(1.0) million due to acquisition-related costs, while non-GAAP net income stood at $37,000. Operating expenses surged 99% to $7.0 million, driven by acquisitions. The company emphasizes future growth via the integration of Crexendo and NetSapiens, which they believe will yield substantial operational efficiencies and enhance their telecom offerings.
Crexendo, Inc. (NASDAQ:CXDO) has been awarded the 2021 Communications Solutions Products of the Year Award by TMC for its VIP Cloud Communication Solution. The solution supports over 1.7 million end users globally and is noted as the fastest-growing UCaaS platform in the U.S. CEO Steven G. Mihaylo highlighted that this solution is a key product from their merger with NetSapiens, combining advanced communication tools. The platform is hosted in Tier 5 Data Centers, promising high resiliency and reliability with a 100% uptime guarantee.
Crexendo, Inc. (NASDAQ:CXDO) will announce its Q2 2021 financial results during a conference call on August 10, 2021, at 4:30 PM EST. Key executives, including CEO Steven G. Mihaylo and COO Doug Gaylor, will present and address questions. Domestic participants can join by calling 844-602-0380, while international callers can dial 862-298-0970. A recorded replay will be available until August 17, 2021. Crexendo is recognized as a leading provider in Unified Communications as a Service (UCaaS) and supports over 1.7 million users globally.
Crexendo, Inc. (NASDAQ:CXDO) announces its participation in ITEXPO 2021, taking place from June 22-25, 2021 in Miami, Florida. The event will showcase the latest in communications technology, featuring various programs and networking opportunities for industry professionals. Crexendo will be at booth 613, alongside NetSapiens, which has recently been recognized for its rapid growth in the UCaaS sector. With over 1.7 million users, NetSapiens highlights its innovative platform supporting a wide range of business solutions.
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