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.
Crexendo, Inc. (NASDAQ: CXDO) is a software technology company that provides cloud communication platform software and unified communications as a service (UCaaS), with offerings that include voice, video, contact center, and managed IT services. This news page aggregates company-issued updates and other coverage related to Crexendo’s cloud communications platform, AI capabilities, and business performance.
Readers can expect news about product and platform developments, such as the launch of CAIRO, Crexendo's AI Receptionist and Orchestrator, which the company describes as an intelligent, always-on AI phone agent integrated into its cloud communications platform. Coverage also includes announcements about AI-enhanced features, analytics, and integrations that expand what service providers and business customers can do with the platform.
Crexendo regularly releases financial results and management commentary, including quarterly earnings information that details revenue by service, software solutions, and product categories, along with net income, EBITDA metrics, and cash flow data. These updates provide insight into how the company’s cloud telecommunications and software solutions segments are performing.
In addition, this page captures partnership and ecosystem news, such as strategic cooperations with Gamma Communications, carrier relationships with NUSO, integration partnerships with Dubber for compliant recording and AI insights, and sponsorships and collaborations with SNOM and other ecosystem participants. Updates about the NetSapiens Platform User Group Meeting (UGM), record participation levels, and recognition in third-party reports like G2’s rankings for VoIP, UCaaS, and contact center categories are also reflected here.
Investors and industry observers can use this news feed to follow how Crexendo describes the evolution of its AI-enhanced cloud communications platform, its global user base, and its relationships with service providers and technology partners.
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Crexendo, Inc. (NASDAQ:CXDO) has announced a partnership with Jenne Cloud Services Brokerage to enhance its VIP Business Communications Platform. This all-in-one cloud solution supports video collaboration, business phone communications, and advanced customer experience capabilities, catering to businesses of all sizes. The VIP platform has been recognized with the TMC 2022 Communications Solutions Products of the Year Award and boasts a 100% uptime guarantee, ensuring reliable service. With over three million end users globally, Crexendo is positioned as a leading UCaaS provider, ranking #1 for VoIP Providers on G2.com with a customer satisfaction rating of 4.9 out of 5. This collaboration aims to leverage Jenne's extensive distribution capabilities to promote Crexendo's award-winning solutions.
Crexendo, Inc. (NASDAQ:CXDO) will present at the Planet MicroCap Showcase: VEGAS 2023 on April 26, 2023, at 11:30 AM PST. The presentation will be hosted by Doug Gaylor, President and COO, and CFO Ron Vincent. Investors can access the live webcast here.
1x1 investor meetings can be booked at the conference in Las Vegas. Interested participants can register for Planet MicroCap Showcase here. Crexendo provides cloud communication, video collaboration, and managed IT services, supporting over three million users globally.
Crexendo, Inc. (NASDAQ:CXDO) declared a quarterly cash dividend of $0.005 per common share on March 14, 2023, scheduled for payment on April 11, 2023. Stockholders on record by March 31, 2023, will receive this dividend. The previous dividend was also $0.005 per share, paid on December 8, 2022. Future dividends are contingent upon Board approval. Crexendo is recognized for its cloud communication platform and services, supporting over three million end users globally.
Crexendo, Inc. (NASDAQ:CXDO) has appointed Gateway Investor Relations to enhance its investor relations program. This strategic partnership aims to refine the company's messaging and outreach, facilitating introductions to institutional investors and sell-side analysts. CEO Jeff Korn emphasized the firm’s strong operational and financial position entering 2023, with expectations of organic revenue growth and improved cash flow. The company plans to invest further in its communications efforts, aiming to broaden its audience and strengthen its market presence, reflecting confidence in its compelling investment narrative.
Crexendo, Inc. (NASDAQ:CXDO) reported financial results for Q4 and full year 2022, showing a 34% revenue increase YoY, totaling $37.6 million. Despite strong top-line growth, the company faced a GAAP net loss of $(35.4) million for the year. In Q4, revenue grew 27% to $11.4 million. Non-GAAP net income for Q4 was $2.5 million, up from $592,000 in Q4 2021. The increase in revenue was significantly influenced by the Allegiant Networks acquisition, which contributed $1.8 million in Q4. However, operating expenses surged 370% to $46 million, largely due to goodwill impairment.