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. reports developments across its cloud communications and unified communications as a service business. Company news centers on cloud communication platform software, voice, video, contact center capabilities, managed IT services, and customer or partner deployments that use Crexendo technology for business communications.
Recurring updates also cover quarterly and annual financial results, service, software solutions and product revenue trends, investor presentations, third-party software-market recognition, and capital or strategic actions. Recent company history includes the completed acquisition of Estech Systems, LLC, a cloud communications provider and long-tenured NetSapiens platform licensee, which expanded Crexendo's operating scale in cloud communications.
Crexendo, Inc. (NASDAQ:CXDO) has appointed OTG Consulting as a new Master Agent for its VIP Business Communications Platform, a comprehensive UCaaS solution offering video collaboration and business phone services. The VIP platform, which supports over 1.7 million users globally, recently won the TMC 2021 Communications Solutions Products of the Year Award and guarantees 100% uptime. This partnership aims to enhance customer experience and meet rising demand as businesses transition to hybrid work environments.
Crexendo, Inc. (NASDAQ:CXDO) reported a significant 43% year-over-year increase in total revenue for Q2 2021, reaching $5.8 million, with service revenue rising 20% to $4.3 million. The company incurred a GAAP net loss of $(1.0) million due to acquisition-related costs, while non-GAAP net income stood at $37,000. Operating expenses surged 99% to $7.0 million, driven by acquisitions. The company emphasizes future growth via the integration of Crexendo and NetSapiens, which they believe will yield substantial operational efficiencies and enhance their telecom offerings.
Crexendo, Inc. (NASDAQ:CXDO) has been awarded the 2021 Communications Solutions Products of the Year Award by TMC for its VIP Cloud Communication Solution. The solution supports over 1.7 million end users globally and is noted as the fastest-growing UCaaS platform in the U.S. CEO Steven G. Mihaylo highlighted that this solution is a key product from their merger with NetSapiens, combining advanced communication tools. The platform is hosted in Tier 5 Data Centers, promising high resiliency and reliability with a 100% uptime guarantee.
Crexendo, Inc. (NASDAQ:CXDO) will announce its Q2 2021 financial results during a conference call on August 10, 2021, at 4:30 PM EST. Key executives, including CEO Steven G. Mihaylo and COO Doug Gaylor, will present and address questions. Domestic participants can join by calling 844-602-0380, while international callers can dial 862-298-0970. A recorded replay will be available until August 17, 2021. Crexendo is recognized as a leading provider in Unified Communications as a Service (UCaaS) and supports over 1.7 million users globally.
Crexendo, Inc. (NASDAQ:CXDO) announces its participation in ITEXPO 2021, taking place from June 22-25, 2021 in Miami, Florida. The event will showcase the latest in communications technology, featuring various programs and networking opportunities for industry professionals. Crexendo will be at booth 613, alongside NetSapiens, which has recently been recognized for its rapid growth in the UCaaS sector. With over 1.7 million users, NetSapiens highlights its innovative platform supporting a wide range of business solutions.
Crexendo, Inc. (NASDAQ:CXDO) has announced a strategic partnership with Rev.io to enhance its billing management and improve customer experience. This collaboration will leverage Rev.io's advanced billing platform and automation capabilities, crucial for the launch of Crexendo's new VIP Cloud Communications Platform, which promises a 100% uptime guarantee. CEO Steven G. Mihaylo emphasized that this partnership is intended to reduce costs and increase shareholder value, with existing integrations with NetSapiens further reinforcing the partnership's potential.
Crexendo, Inc. (NASDAQ:CXDO) has been accepted into the Russell Microcap® Index, effective June 28, 2021, marking a significant milestone for the company. This inclusion is based on market capitalization and growth attributes, allowing Crexendo to be part of both growth and value style indexes for a year. CEO Steven G. Mihaylo expressed pride in this recognition, attributing it to their successful growth strategy that has resulted in being cash flow positive and profitable. The company aims to enhance shareholder value and continues to expand its offerings in cloud communications.
Crexendo, Inc. (NASDAQ:CXDO) announced its presentation at the Colliers Securities Virtual Bus Tour on June 14, 2021, featuring Doug Gaylor and Ron Vincent. The presentation will inform investors about Crexendo's operations and recent merger with NetSapiens, recognized for its rapid growth in the UCaaS sector, supporting over 1.7 million users. Crexendo excels in providing enterprise-class cloud services, including Unified Communications as a Service (UCaaS) and call center solutions, at competitive rates, aimed at businesses of any size.
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.