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.
Crexendo has launched its new VIP Platform, enhancing its UCaaS offerings with advanced video, interactions, and business phone communications. This platform features a 100% UPTIME Guarantee for reliability, ensuring customers experience no downtime. With HD video capabilities for up to 200 attendees and streamlined communication tools, the VIP Platform aims to provide exceptional service and resilience. This launch follows Crexendo's merger with NetSapiens, which enhances its service capabilities and promises significant advantages for users.
Crexendo, Inc. (NASDAQ:CXDO) has been recognized as a Hall of Fame presenter at the LD Micro Invitational scheduled for June 8, 2021, at 4:00 PM Eastern. Doug Gaylor, President and COO, along with CFO Ron Vincent, will represent the company. This accolade highlights Crexendo's substantial returns and societal contributions, as noted by LD Micro's Founder, Chris Lahiji. Crexendo specializes in cloud communications, offering UCaaS, call center, and collaboration services designed for businesses of any size at competitive rates.
Crexendo, Inc. (NASDAQ:CXDO) has successfully completed its merger with NetSapiens, Inc., a transaction valued at approximately $50 million, including $10 million in cash and $40 million in stock. Supported by over 99% of Crexendo shareholders, the merger is expected to enhance the combined company's growth trajectory, with pro forma revenue of $27.8 million for 2020. Leaders from both companies express confidence in this partnership, anticipating improved offerings and increased shareholder value.
Crexendo, a cloud communications provider, reported a 17% year-over-year revenue increase to $4.5 million for Q1 2021. Service revenue rose 19% to $4.1 million, though GAAP net loss reached $(715,000). Non-GAAP net income was $308,000, consistent with previous year. Operating expenses surged 45% to $5.3 million, driven by acquisition-related costs. Despite a decline in product revenue and web services, CEO Steven Mihaylo expressed optimism about the upcoming merger with NetSapiens, which is expected to enhance service offerings and drive growth.
Crexendo, Inc. (NASDAQ:CXDO) will announce its first quarter 2021 financial results in a conference call on May 11, 2021, at 4:30 PM EST. CEO Steven G. Mihaylo, COO Doug Gaylor, and CFO Ron Vincent will present and answer questions. Domestic participants can dial 888-506-0062, while international callers should use 973-528-0011. A replay will be available until May 18, 2021.
Crexendo specializes in cloud communications and UCaaS services for businesses.
Crexendo, a leading provider of cloud communications, reported a 16% increase in total revenue to $4.3 million for Q4 2020 compared to the previous year. The company achieved a GAAP net income of $7.2 million and a non-GAAP net income of $7.4 million. Full-year revenue rose 14% to $16.4 million, driven largely by a 16% growth in UCaaS service revenue. The company benefited from a $6 million income tax adjustment and $1 million PPP loan forgiveness. Operating expenses increased by 16% to $15.4 million, while cash balances significantly improved to $17.7 million.
Crexendo, Inc. (NASDAQ:CXDO) announced its definitive agreement to acquire NetSapiens, Inc. for approximately $50 million, comprising $10 million in cash and $40 million in stock. This merger will support over 1.7 million users and enhance Crexendo's UCaaS offerings. The transaction, expected to close in early summer 2021, awaits shareholder approval. CEO Steven G. Mihaylo emphasized the acquisition as a pivotal growth step, enhancing both companies' capabilities and shareholder value. The financial advisory for this deal is provided by Colliers Securities LLC.
Crexendo, Inc. (NASDAQ:CXDO) will announce its fourth quarter and year-end 2020 financial results on March 9, 2021, at 4:30 PM EST. The event will feature CEO Steven G. Mihaylo, COO Doug Gaylor, and CFO Ron Vincent, who will present remarks and answer questions. Participants can join via dial-in or audio webcast. Replay options will be available until March 16, 2021. Crexendo provides cloud communications and UCaaS solutions, aimed at offering affordable, enterprise-class services to businesses of all sizes.
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.