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) will announce its fourth quarter and year-end 2022 financial results during a conference call on March 14, 2023, at 4:30 PM EST. CEO Steven G. Mihaylo, COO Doug Gaylor, and CFO Ron Vincent will present and engage in a Q&A session. Participants can dial in at 888-506-0062 for domestic calls or 973-528-0011 for international calls, using access code 708813. A replay will be available until March 21, 2023, using passcode 47743. Crexendo is recognized as a leading provider of cloud communication services, supporting over three million users globally and noted as the fastest-growing UCaaS platform in the U.S.
Crexendo, Inc. (NASDAQ:CXDO) has announced a significant milestone, surpassing three million end users globally on its cloud communication platform. The CEO, Steven G. Mihaylo, attributes this growth to the successful acquisition of NetSapiens and highlights the synergies gained from this partnership. Crexendo offers a 100% uptime guarantee for its VIP all-in-one cloud communications solution, which includes video collaboration, interactions, and phone communications. The company maintains its status as the fastest growing UCaaS platform provider in the U.S., with plans for ongoing enhancements to meet customer needs.
Crexendo, Inc. (NASDAQ:CXDO) will exhibit at IT EXPO 2023 in Fort Lauderdale from February 14-17. The company aims to connect with partners and showcase its award-winning platform, highlighted by its rapid growth as the fastest growing UCaaS platform in the U.S., serving over 2.5 million users. CEO Steven G. Mihaylo expressed pride in their services and announced the debut of their new Omnichannel CCaaS solution. G2 recently recognized Crexendo as a leader in VoIP services, awarding it for being the 'Easiest to do Business With' and providing 'Best Support'.
Crexendo, Inc. (NASDAQ:CXDO) announced its participation in two upcoming conferences. The first presentation will be virtually at the Planet MicroCap Showcase: VIRTUAL 2022 on December 7, 2022, at 12:00 PM EST. A second in-person appearance will occur at the Singular Research 'Best of the Uncovered Conference' in San Francisco on December 8, 2022, where Crexendo will present at 10:45 AM PST. Both events will feature Doug Gaylor and Ron Vincent, who will also hold one-on-one meetings with attendees.
Crexendo, Inc. (NASDAQ:CXDO) reported its third-quarter financial results for 2022, showing a 3% year-over-year revenue increase to $9.1 million. Despite a GAAP net loss of $(696,000) or $(0.03) per share, the company achieved a non-GAAP net income of $713,000 or $0.03 per share. Revenues for the nine months ending September 30, 2022, increased 37% to $26.1 million. The acquisition of Allegiant Networks is expected to enhance growth and service offerings. Total cash at quarter's end was $4.8 million, down from $7.5 million at the end of 2021.
Crexendo, Inc. (NASDAQ:CXDO) will announce its third quarter 2022 financial results on November 10, 2022, at 4:30 PM EST. CEO Steven G. Mihaylo, President Doug Gaylor, and CFO Ron Vincent will present and lead a Q&A session. Participants can join using the domestic dial-in number 844-369-8770 or international 862-298-0840, with a replay available until November 17, 2022.
Crexendo is recognized for its rapid growth in the UCaaS sector, supporting over 2.5 million end users globally.
Crexendo (NASDAQ:CXDO) announced its acquisition of Allegiant Networks, LLC, aiming to enhance its footprint in Kansas and Missouri. The deal involves $2 million in cash, 2,461,538 shares of common stock, and a $1.1 million buyer's note, structured to ensure alignment of interests. This move is part of Crexendo's M&A strategy to integrate strong companies using its platform. CEO Steven G. Mihaylo expressed confidence in the transaction's accretive nature, expected to bolster growth and customer benefits while maintaining a customer-centric focus.
Crexendo, Inc. (NASDAQ:CXDO) will present at the LD Micro Main Event from October 25-27, 2022, at the Luxe Sunset Boulevard Hotel in Los Angeles. Doug Gaylor, President, and Ron Vincent, CFO, will lead the presentation on October 25 at 2:00 PM in Track 1. The company offers cloud communication solutions and has seen significant investor interest, being recognized as the fastest-growing UCaaS platform in the U.S., serving over 2.5 million users globally.
Crexendo (NASDAQ:CXDO) recently concluded its 12th annual User Group Meeting (UGM) with record attendance exceeding 350 participants from various regions. The event focused on sales and engineering workshops and featured updates to the NetSapiens platform, emphasizing education and growth. Crexendo received multiple awards in 2022, including the prestigious Communications Solutions Product of the Year. CEO Steven Mihaylo highlighted the event's success in showcasing their platform's benefits and ongoing growth potential. Crexendo supports over 2.5 million end users globally and is recognized as the fastest-growing UCaaS platform in the U.S.
Crexendo, Inc. (NASDAQ:CXDO) announced a strategic partnership with Fuse.Cloud, which will replace its Cisco-BroadSoft solution with Crexendo's cloud communication platform. Fuse.Cloud, a leader in VoIP and IT Managed Services, chose Crexendo for its robust, scalable, and feature-rich offering, which supports over 2.5 million users globally. The deal allows Fuse.Cloud to engage with Crexendo on a SaaS model, preserving capital outlay. This partnership further solidifies Crexendo's position as the fastest-growing UCaaS platform in North America, according to Frost & Sullivan.
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