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) 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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