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Crexendo Inc - CXDO STOCK NEWS

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.

Rhea-AI Summary
Crexendo, Inc. (NASDAQ:CXDO) reports a surge in growth with over 4.5 million users on its cloud communication platform, a 150% increase since acquiring NetSapiens in 2021. The company's platform is growing nearly twice the industry average, earning them the Competitive Strategy Leadership Award for Excellence in Cloud Communications. Crexendo is also recognized as the fastest-growing UCaaS platform in the industry, with outstanding customer service rankings.
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Crexendo, Inc. (NASDAQ:CXDO) announced that it will ring the Nasdaq Stock Market closing bell following the 2024 North American Competitive Strategy Leadership Award win. The company saw a 36% increase in users in 2023, double the industry average. Crexendo continues to show profitable quarters, global user growth, and new technology applications.
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Crexendo, Inc. (NASDAQ:CXDO) has been ranked first in 19 customer satisfaction categories in G2's Spring 2024 Reports for VoIP, UCaaS, and Customer Communications Management. The company also received top ratings in various aspects like usability, support, and product features. Crexendo was recognized as a top trending provider and maintains a 4.9 out of 5-Stars rating. The CEO, Jeff Korn, highlighted the company's growth and innovation in cloud business communications.
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Crexendo, Inc. (NASDAQ:CXDO) announces participation in the 14th Annual LD Micro Invitational to showcase its cloud communication platforms and services. Executives will present the company's growth and results on April 9th, 2024.
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Crexendo, Inc. (NASDAQ:CXDO) partners with Reinvent Telecom to power its next-generation white label UC&C offering. Crexendo's NetSapiens Platform chosen for its capabilities, flexibility, and cost-efficiencies, empowering reseller partners in cloud communications.
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Crexendo, Inc. (CXDO) reported strong financial results for the fourth quarter and fiscal year ended December 31, 2023. The company saw a 42% increase in total revenue to $53.2 million for the year, with a GAAP net loss of $(0.4) million and non-GAAP net income of $6.6 million. Fourth quarter revenue rose by 24% to $14.2 million, with GAAP net income of $0.1 million and non-GAAP net income of $1.6 million. Operating expenses decreased significantly, and the company reported positive EBITDA and Adjusted EBITDA figures. Crexendo also received Frost & Sullivan's 2024 Competitive Strategy Leadership Award for Excellence in Cloud Communications.
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Crexendo, Inc. (NASDAQ:CXDO) partners with the National Association of Basketball Coaches (NABC) for the eleventh year to provide cloud communication solutions during the NCAA Men's Final Four Tournament. Approximately 3,000 coaches will benefit from Crexendo's platform for smooth operations and logistics during the convention.
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Crexendo, Inc. (CXDO) will be presenting at the 36th Annual Roth Conference to showcase its growth and results. The company offers cloud communication, video collaboration, and managed IT services to over four million end users globally. Key executives will be available for individual meetings with investors.
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Crexendo, Inc. (NASDAQ:CXDO) will host its Q4 and year-end 2023 financial results conference call on March 5, 2024. The call will feature key executives delivering remarks and conducting a Q&A session. Participants can access the call via specific dial-in numbers and access codes. A replay will be available until March 12, 2024.
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Crexendo, Inc. and TELCLOUD announce the launch of a new POTS Replacement platform to address the FCC mandate for carriers to transition away from POTS lines. The partnership aims to offer a white-labeled solution for partners in critical applications like Fire Alarms, Security Alarms, and Elevators. Crexendo's CEO highlights the need for a cost-effective alternative due to exorbitant price hikes by Local Exchange Carriers. The collaboration with TELCLOUD, a CPaaS provider, brings innovative solutions to over 220 platform partners and 4 million users, enhancing communication experiences for businesses and end-users.
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FAQ

What is the current stock price of Crexendo (CXDO)?

The current stock price of Crexendo (CXDO) is $4.68 as of April 15, 2025.

What is the market cap of Crexendo (CXDO)?

The market cap of Crexendo (CXDO) is approximately 130.2M.

What core services does Crexendo Inc provide?

Crexendo Inc offers full-service cloud telecommunications including unified communications, call center solutions, video collaboration, and advanced software solutions that support both IP and cloud technologies.

How does Crexendo ensure the reliability and security of its services?

The company employs a world-class data center with multiple redundancy layers, adheres to the highest security standards, maintains PCI compliance, and operates as a registered CLEC, ensuring a secure and reliable cloud environment.

What are the primary business segments of Crexendo?

Crexendo operates through two main segments: Cloud Telecommunications, which focuses on IP-based communication services, and Software Solutions, which includes licensing, maintenance, and professional support for its UCaaS platform.

How does Crexendo differentiate itself from traditional telecom providers?

By leveraging innovative cloud communications technology, Crexendo offers significant cost savings, scalable and flexible solutions, and enhanced functionalities such as AI-driven analytics and unified communication tools that replace legacy telecom systems.

What role does technology play in Crexendo's service offerings?

Technology is at the core of Crexendo's offerings, from its advanced NetSapiens platform featuring AI-powered tools and open APIs to its integration with high-performance cloud infrastructures like Oracle Cloud, enabling rapid deployment and global scalability.

Who are the typical customers of Crexendo Inc?

Crexendo serves a broad spectrum of customers ranging from small and medium-sized businesses to mid-sized enterprises that benefit from enhanced productivity, cost efficiency, and robust cloud communication solutions.

How does Crexendo support cost reduction for its clients?

Through its cloud-based technology, Crexendo provides services at affordable monthly rates that are generally 20-60% lower than traditional telecom expenses, enabling businesses to significantly reduce operating costs while enhancing performance.

What market position does Crexendo hold in the global communications industry?

Crexendo is a well-regarded provider in the cloud communications space, known for its secure, scalable and innovative solutions. Its dual focus on telecommunications and software solutions positions it as a trusted partner for businesses undergoing digital transformation.
Crexendo Inc

Nasdaq:CXDO

CXDO Rankings

CXDO Stock Data

130.16M
14.28M
48.87%
18.53%
0.76%
Telecom Services
Telephone Communications (no Radiotelephone)
Link
United States
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