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 (CXDO) is a leading provider of cloud-based communications solutions specializing in UCaaS, call center technology, and secure collaboration tools. This news hub offers investors and industry professionals centralized access to official updates and market developments.
Track essential announcements including quarterly earnings, product innovations, strategic partnerships, and operational milestones. Our curated feed ensures timely access to regulatory filings, leadership updates, and technology deployments that impact CXDO's position in the competitive telecom sector.
Key coverage areas include cloud infrastructure expansions, software solution enhancements, and enterprise customer growth. Users benefit from transparent reporting on CXDO's cost-efficient communication platforms and their adoption across small-to-midsize businesses globally.
Bookmark this page for streamlined monitoring of Crexendo's progress in transforming business communications through scalable, secure technologies. Verify critical information directly through primary sources while maintaining awareness of sector trends influencing CXDO's market trajectory.
Crexendo, Inc. (NASDAQ:CXDO) will present at the 13th Annual LD Micro Main Event Conference on December 14 at 3:00 PM EST. The presentation will be led by Doug Gaylor, President, and Ron Vincent, CFO, who will discuss Crexendo’s cloud communications and collaboration services. Investors can register at this link. This year's event will feature a new format with 10-minute presentations followed by 10 minutes of Q&A. Crexendo aims to deliver enterprise-class services at affordable rates, enhancing investor engagement.
Crexendo, Inc. (NASDAQ:CXDO) has appointed Jon Brinton as Chief Revenue Officer to enhance revenue operations, including direct and channel sales. CEO Steven G. Mihaylo emphasized Brinton's exceptional track record in driving revenue and operations. Brinton joins from Avaya, where he was Vice President of Channel Sales, and has previously held senior executive roles at Mitel. His leadership is expected to grow Crexendo's sales team and customer base significantly, aligning with the company's focus on cloud communications during the 'Work from Anywhere' trend.
Crexendo, Inc. (NASDAQ:CXDO) reported a 15% increase in Q3 2020 revenue to $4.1 million, with a GAAP net income of $131,000 or $0.01 per share. UCaaS service revenue rose 14% to $3.5 million, while web services revenue fell 19%. Total operating expenses increased by 22% to $4.0 million. Year-to-date total revenue grew 13% to $12.1 million, yet net income decreased to $779,000 compared to $911,000 in the previous year. Crexendo's recent uplisting to Nasdaq and successful public offering position it for future growth despite pandemic-related challenges.
Crexendo, Inc. (NASDAQ:CXDO) plans to announce its third quarter 2020 financial results during a conference call on November 10, 2020, at 4:30 PM EST. CEO Steven G. Mihaylo, COO Doug Gaylor, and CFO Ron Vincent will present and take questions following their remarks. Domestic participants can join by calling 844-369-8770, while international callers should dial 862-298-0840. A replay will be accessible until February 10, 2021. Crexendo is recognized as a leading provider of cloud communications and business services.
Crexendo, Inc. (NASDAQ:CXDO) will present at the Zooming with LD event on October 12, 2020, at 11:00 AM ET. Doug Gaylor, President and COO, along with CFO Ron Vincent, will lead the presentation and answer investor questions. Interested investors can register for the virtual presentation here. Crexendo specializes in providing cloud communications and business services designed for companies of any size. The company is recognized for its affordable UCaaS and collaboration services.
Crexendo, Inc. (NASDAQ:CXDO) announced its participation in the 2020 Lytham Partners Virtual Investor Growth Conference, scheduled for October 8, 2020, at 3:00 PM Eastern. Doug Gaylor, President and COO, along with Ron Vincent, CFO, will hold one-on-one meetings with investors on October 6 and 7. This virtual conference will allow Crexendo to showcase its cloud communications and UCaaS services, aimed at businesses of all sizes. Investors can arrange meetings by contacting Lytham Partners.
Crexendo (NASDAQ:CXDO) announced a registered underwritten public offering of 2,800,000 shares of common stock priced at $5.50 per share, aiming for gross proceeds of approximately $9.6 million. The offering includes 1,050,000 shares sold by stockholders, with an option for underwriters to purchase up to 420,000 additional shares. Proceeds will fund general corporate purposes such as working capital and product development. Closing is expected by September 28, 2020.
Crexendo, Inc. (NASDAQ:CXDO) announced a public offering of 3,500,000 shares of common stock, with 1,750,000 shares offered by the company and 1,750,000 shares by existing stockholders. The offering includes a 30-day option for underwriters to purchase an additional 525,000 shares. Net proceeds will support working capital, sales, marketing, product development, and other general corporate purposes. B. Riley Securities and Colliers Securities are joint book-running managers for this offering, which is pending SEC effectiveness.
Crexendo, Inc. (NASDAQ:CXDO) reported strong financial results for Q2 2020 with total revenue increasing 12% year-over-year to $4.1 million. UCaaS service revenue rose 16% to $3.5 million. GAAP net income reached $508,000, a 50% increase, while non-GAAP income was $660,000, up 48%. Operating expenses grew 8% to $3.5 million. Cash and equivalents increased to $5.1 million. Executives acknowledged the challenges posed by COVID-19 but expressed optimism regarding future growth and potential acquisitions. The company continues to adapt services to meet emerging market demands.
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