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 present at the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022, in New York City. Doug Gaylor, President, and Ron Vincent, CFO, will lead the presentation on September 14 at 9:30 am ET in the Stanford Room. Crexendo offers Unified Communications as a Service (UCaaS) and Call Center as a Service (CCaaS), supporting over two million users globally. The company is recognized as the fastest-growing UCaaS platform in the U.S. Individual meetings with investors will also be available.
Crexendo (NASDAQ:CXDO) has announced significant achievements in its UCaaS offerings, being recognized with multiple awards including the 2022 Communications Solutions Product of The Year Award and 2022 Pandemic Tech Innovation Award. The company supports over 2.5 million end users globally and is the fastest growing UCaaS platform in the U.S. Crexendo has received 11 awards from G2, highlighting customer satisfaction across various categories. CEO Steven G. Mihaylo emphasized the commitment to customer service and the benefits of their offerings for businesses.
Crexendo, Inc. (NASDAQ:CXDO) announced a quarterly cash dividend of $0.005 per common share on August 9, 2022. This dividend will be paid on September 2, 2022, to stockholders of record as of the close of business on August 23, 2022. Crexendo previously paid the same quarterly dividend on June 10, 2022. Future dividends are subject to Board approval. The company is recognized for its Unified Communications as a Service (UCaaS) platform, supporting over two million end users globally.
Crexendo, Inc. (NASDAQ:CXDO) will host its Q2 2022 financial results conference call on August 9, 2022, at 4:30 PM EST. Executives including CEO Steven G. Mihaylo and CFO Ron Vincent will present and address questions. The call can be accessed domestically at 877-545-0320 and internationally at 973-528-0002, using the access code 716284. A replay will be available until August 16, 2022, via 877-481-4010. Crexendo is a leading provider of UCaaS and CCaaS solutions, supporting over 2.5 million users globally.
Crexendo, Inc. (NASDAQ:CXDO), a leading provider of Unified Communications as a Service (UCaaS), will showcase its award-winning technology at IT EXPO 2022 in Fort Lauderdale from June 21-24, 2022. The company has received numerous accolades, including the Cloud Computing Product of the Year and CRM Excellence Award. Crexendo emphasizes its customer-first approach, supported by positive reviews from G2, highlighting high satisfaction ratings. The company supports over two million end users globally and offers a 100% uptime guarantee for its VIP™ platform.
Crexendo, Inc. (NASDAQ:CXDO) will present at the 12th Annual LD Micro Invitational on June 7th at 2:00 PM PT, held at Four Season Westlake Village. Doug Gaylor, President, and Ron Vincent, CFO, will present and meet with investors on June 7 and 8. Crexendo is recognized as a leading provider of Unified Communications as a Service (UCaaS) and Call Center as a Service (CCaaS), supporting over two million users globally. The presentation can be registered for at this link.
Crexendo, Inc. (NASDAQ:CXDO) announced a quarterly cash dividend of $.005 per share, payable on June 10, 2022, to shareholders on record by May 30, 2022. The company, recognized as the fastest growing UCaaS platform in the U.S., supports over two million end users globally through various sales channels. Crexendo specializes in Unified Communications as a Service (UCaaS) and Call Center as a Service (CCaaS).
Crexendo, Inc. (NASDAQ: CXDO) announces its growth to over 2.5 million end users of its Unified Communications as a Service (UCaaS) platform, marking significant expansion in the telecommunications sector. Recognized as the fastest-growing UCaaS platform in the U.S., the company attributes this success to its robust software solutions and telecom services. CEO Steven G. Mihaylo expressed confidence in future growth and profitability due to this sustained increase in users, which is expected to drive higher revenue and margins for the company.
Crexendo, Inc. (NASDAQ:CXDO) reported a significant 81% year-over-year revenue increase to $8.2 million for Q1 2022, driven by growth in their telecommunications and software services. While service revenue saw a modest 6% increase to $4.4 million, the company reported a GAAP net loss of $1.22 million, up from a loss of $715,000 in Q1 2021. Non-GAAP net income was $405,000, reflecting strong operational performance despite challenges posed by economic uncertainty. Total cash was $5.7 million as of March 31, 2022, signaling ongoing liquidity concerns.
Crexendo, Inc. (NASDAQ:CXDO) is set to announce its Q1 2022 financial results during a conference call on May 12, 2022, at 4:30 PM EST. The call will include remarks from CEO Steven G. Mihaylo, COO Doug Gaylor, and CFO Ron Vincent, followed by a Q&A session. Domestic participants can dial in at 877-545-0523, while international participants can call 973-528-0016, using access code 899595. A replay will be available until May 19, 2022 for those who miss the call.
Crexendo is a leader in Unified Communications as a Service (UCaaS) and currently supports over two million end users worldwide.
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