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), 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.
Crexendo, Inc. (NASDAQ:CXDO) has announced a strategic partnership with Rev.io to enhance its billing management and improve customer experience. This collaboration will leverage Rev.io's advanced billing platform and automation capabilities, crucial for the launch of Crexendo's new VIP Cloud Communications Platform, which promises a 100% uptime guarantee. CEO Steven G. Mihaylo emphasized that this partnership is intended to reduce costs and increase shareholder value, with existing integrations with NetSapiens further reinforcing the partnership's potential.
Crexendo, Inc. (NASDAQ:CXDO) has been accepted into the Russell Microcap® Index, effective June 28, 2021, marking a significant milestone for the company. This inclusion is based on market capitalization and growth attributes, allowing Crexendo to be part of both growth and value style indexes for a year. CEO Steven G. Mihaylo expressed pride in this recognition, attributing it to their successful growth strategy that has resulted in being cash flow positive and profitable. The company aims to enhance shareholder value and continues to expand its offerings in cloud communications.
Crexendo, Inc. (NASDAQ:CXDO) announced its presentation at the Colliers Securities Virtual Bus Tour on June 14, 2021, featuring Doug Gaylor and Ron Vincent. The presentation will inform investors about Crexendo's operations and recent merger with NetSapiens, recognized for its rapid growth in the UCaaS sector, supporting over 1.7 million users. Crexendo excels in providing enterprise-class cloud services, including Unified Communications as a Service (UCaaS) and call center solutions, at competitive rates, aimed at businesses of any size.
Crexendo has launched its new VIP Platform, enhancing its UCaaS offerings with advanced video, interactions, and business phone communications. This platform features a 100% UPTIME Guarantee for reliability, ensuring customers experience no downtime. With HD video capabilities for up to 200 attendees and streamlined communication tools, the VIP Platform aims to provide exceptional service and resilience. This launch follows Crexendo's merger with NetSapiens, which enhances its service capabilities and promises significant advantages for users.
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