Crexendo Inc Stock Price, News & Analysis

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.

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.