Crexendo Inc Stock Price, News & Analysis

Crexendo, Inc. (NASDAQ:CXDO), a leading provider of Unified Communications as a Service (UCaaS), has been awarded the 2022 TMC Remote Work Pioneer Award. This recognition emphasizes the company's rapid growth and effectiveness in delivering cloud communication solutions, particularly critical during the shift towards remote work.

Supporting over 2 million users globally, Crexendo's solutions cater to businesses of all sizes, enabling seamless communication and collaboration. CEO Steven G. Mihaylo praised the company's commitment to providing reliable tools for a flexible work environment, underscoring the significance of this award.

Crexendo, Inc. (NASDAQ:CXDO) reported robust financial results for Q4 and the full year ending December 31, 2021. Q4 revenue skyrocketed by 108% to $9.0 million, while total revenue for 2021 rose 71% year-over-year to $28.1 million. The company achieved a Q4 non-GAAP net income of $592,000, contrasting with a GAAP net loss of $(602,000). Despite increased operating expenses attributed to acquisitions, Crexendo remains optimistic about future growth, targeting a 40%-50% increase in business. A conference call is scheduled for March 21, 2022, to discuss these results further.

Mavenir and Crexendo have entered a strategic partnership to enhance their offerings in the Unified Communications as a Service (UCaaS) and business messaging markets. This collaboration allows Mavenir to integrate Crexendo’s UCaaS into its Mavenir Connect brand while Crexendo incorporates Mavenir’s Contact Center as a Service (CCaaS) solutions. Both companies aim for accelerated growth, improved service offerings, and enhanced customer engagement. Crexendo, recognized as the Fastest Growing UCaaS Platform in North America, supports over 2 million users.

Crexendo, Inc. (NASDAQ:CXDO) will hold its fourth quarter and year-end 2021 financial results conference call on March 21, 2022, at 4:30 PM EST. Executives, including CEO Steven G. Mihaylo, will present prepared remarks followed by a Q&A session. Domestic callers can dial 877-545-0320, while international participants should use 973-528-0002. A replay of the call will be available until March 28, 2022, with a passcode of 44837. Crexendo is recognized as a leading UCaaS provider, supporting over two million end users globally.

Crexendo, Inc. (CXDO) announced a quarterly cash dividend of $0.005 per common share, payable on February 28, 2022 to stockholders of record by February 18, 2022. CEO Steven G. Mihaylo expressed confidence in the company's strong financial position and expects growth between 40% to 50% annually. Crexendo is recognized as the fastest-growing UCaaS platform in the U.S., supporting over two million end users globally. The dividend declaration reflects the board's assessment of the company’s sustained free cash flow.

Crexendo, Inc. (NASDAQ:CXDO) has been recognized with the 2021 TMC Labs Innovation Award for its VIP Platform, noted for innovation and quality in the UCaaS space. This accolade underscores Crexendo's status as the fastest growing UCaaS platform in the U.S., supporting over two million users globally. The company's services, which include a comprehensive hosted phone system and collaboration tools, are critical for businesses transitioning to remote work. CEO Steven G. Mihaylo emphasized the company's commitment to providing exceptional telecom solutions, backed by a 100% uptime guarantee.

Crexendo, Inc. (NASDAQ: CXDO), a leading provider of Unified Communications as a Service (UCaaS), has partnered with Telecom Consulting Group (TCG) to promote its VIP platform to TCG's extensive network of over 6,000 agents. This all-in-one cloud communication solution has received numerous awards for customer satisfaction and guarantees 100% uptime. Crexendo supports over 2 million global end users and has been recognized as the fastest-growing UCaaS platform in the United States. The partnership aims to enhance Crexendo's market reach and growth potential.

Crexendo, Inc. (NASDAQ: CXDO) has been recognized as one of the best VoIP providers based on high customer satisfaction ratings from G2, a leading business solutions review website. Their VoIP ratings scored 100% in both 'Quality of Support' and 'Ease of Doing Business With', exceeding the category averages. The company supports over 2 million end users globally and has been identified as the fastest growing UCaaS platform in the U.S. CEO Steven G. Mihaylo emphasized the significance of customer service in their success.

Crexendo, Inc. (NASDAQ:CXDO) has been recognized as a leading provider of Unified Communications as a Service (UCaaS) and Call Center as a Service (CCaaS), supporting over 2 million global users. The company achieved the High Performer ranking on G2's VoIP Provider Grid Report due to high customer satisfaction ratings. CEO Steven G. Mihaylo emphasized the 100% up-time guarantee for their VIP platform, showcasing confidence in their service. This recognition supports their position as the fastest growing UCaaS platform in the U.S.