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), 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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