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 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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