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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) has been recognized with the 2024 North American Competitive Strategy Leadership Award by Frost & Sullivan for its remarkable growth in the cloud communications platform industry. With a 36% increase in seats (users) in 2023 and a 52% year-over-year total revenue growth in FQ3 2023, Crexendo is revolutionizing the landscape of affordability and innovation in cloud-based communications.
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Crexendo, Inc. (NASDAQ:CXDO) reports 52% year-over-year total revenue growth in the third quarter of 2024. The company has been awarded Frost & Sullivan's 2024 Competitive Strategy Leadership Award for its outstanding achievement in cloud communications. Crexendo's approach enables providers to maintain greater control of their commercial model, user experience, and brand equity, leading to larger profit margins compared to competitor solutions. The company's CEO, Jeff Korn, expressed pride in the recognition and emphasized the team's commitment to excellence in product and support.
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Crexendo, Inc. (NASDAQ:CXDO) to present at Needham Growth Conference, showcasing cloud communication platform and services, video collaboration, and managed IT services. President and COO, Doug Gaylor, and CFO, Ron Vincent, to highlight company's growth and results.
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Crexendo, Inc. (NASDAQ:CXDO) has announced a significant increase in its cloud communication platform user base, which now supports over four million end users globally. Since acquiring the NetSapiens platform in June 2021, the company has seen substantial growth, with over 500k new users added since mid-September 2023. Crexendo CEO, Jeff Korn, expressed confidence in the company's strategic growth plan for 2024, highlighting strong business development, support for licensees, platform quality, and capabilities. The recent sale of the company's building and elimination of debt on the balance sheet further bolstered the positive outlook for the company.
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Crexendo, Inc. (NASDAQ:CXDO) announced Q3 2023 financial results, with total revenue up 52% to $13.9 million, GAAP net income of $1.7 million, and non-GAAP net income of $3.3 million. The company also reported increases in consolidated total revenue, service revenue, software solutions revenue, and product revenue, as well as a significant rise in EBITDA and adjusted EBITDA. The CEO highlighted the company's strong performance, profitability, and effective management of costs, expressing confidence in continued strong performance and future growth.
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Crexendo, Inc. announced the success of its annual User Group Meeting, which brought together industry leaders and partners. The company unveiled new programmable communications capabilities and showcased generative AI capabilities. The event solidified Crexendo's growth and position in the cloud communication industry.
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Crexendo, Inc. (NASDAQ:CXDO) will hold its Q3 2023 financial results conference call on November 9, 2023, at 4:30 PM EST. Jeff Korn, CEO, Doug Gaylor, President and COO, and Ron Vincent, CFO, will deliver remarks and conduct Q&A. Dial-in numbers: 888-506-0062 (domestic) and 973-528-0011 (international). Replay available until Nov 16, 2023.
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Crexendo and Nomadix announce strategic distribution agreement to expand hospitality telephony solutions market
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Crexendo, Inc. announces lineup of sponsors for its upcoming annual User Group Meeting (UGM), reflecting the largest and most diverse partner ecosystem in its history.
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Crexendo, Inc. announces the launch of its new Generative AI technology features powered by ChatGPT in the Company's Contact Center solution. The technology enables real-time conversations that feel natural yet dynamic. It aims to improve customer support, sales interactions, and internal communications. Crexendo's CEO states that this innovation will revolutionize the way businesses engage, providing a personalized dimension of interaction. For more information, visit https://www.crexendo.com/vip/contact-center/
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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)
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United States
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