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.
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Rhea-AI Summary
Crexendo, Inc. (CXDO) reported strong financial results for the fourth quarter and fiscal year ended December 31, 2023. The company saw a 42% increase in total revenue to $53.2 million for the year, with a GAAP net loss of $(0.4) million and non-GAAP net income of $6.6 million. Fourth quarter revenue rose by 24% to $14.2 million, with GAAP net income of $0.1 million and non-GAAP net income of $1.6 million. Operating expenses decreased significantly, and the company reported positive EBITDA and Adjusted EBITDA figures. Crexendo also received Frost & Sullivan's 2024 Competitive Strategy Leadership Award for Excellence in Cloud Communications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.82%
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Rhea-AI Summary
Crexendo, Inc. (NASDAQ:CXDO) partners with the National Association of Basketball Coaches (NABC) for the eleventh year to provide cloud communication solutions during the NCAA Men's Final Four Tournament. Approximately 3,000 coaches will benefit from Crexendo's platform for smooth operations and logistics during the convention.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.01%
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Rhea-AI Summary
Crexendo, Inc. (CXDO) will be presenting at the 36th Annual Roth Conference to showcase its growth and results. The company offers cloud communication, video collaboration, and managed IT services to over four million end users globally. Key executives will be available for individual meetings with investors.
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Rhea-AI Sentiment
End-of-Day
3.19%
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Crexendo, Inc. (NASDAQ:CXDO) will host its Q4 and year-end 2023 financial results conference call on March 5, 2024. The call will feature key executives delivering remarks and conducting a Q&A session. Participants can access the call via specific dial-in numbers and access codes. A replay will be available until March 12, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.72%
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Rhea-AI Summary
Crexendo, Inc. and TELCLOUD announce the launch of a new POTS Replacement platform to address the FCC mandate for carriers to transition away from POTS lines. The partnership aims to offer a white-labeled solution for partners in critical applications like Fire Alarms, Security Alarms, and Elevators. Crexendo's CEO highlights the need for a cost-effective alternative due to exorbitant price hikes by Local Exchange Carriers. The collaboration with TELCLOUD, a CPaaS provider, brings innovative solutions to over 220 platform partners and 4 million users, enhancing communication experiences for businesses and end-users.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.58%
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Rhea-AI Summary
Crexendo, Inc. (NASDAQ: CXDO) has been recognized with the 2024 North American Competitive Strategy Leadership Award by Frost & Sullivan for its remarkable growth in the cloud communications platform industry. With a 36% increase in seats (users) in 2023 and a 52% year-over-year total revenue growth in FQ3 2023, Crexendo is revolutionizing the landscape of affordability and innovation in cloud-based communications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.9%
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Rhea-AI Summary
Crexendo, Inc. (NASDAQ:CXDO) reports 52% year-over-year total revenue growth in the third quarter of 2024. The company has been awarded Frost & Sullivan's 2024 Competitive Strategy Leadership Award for its outstanding achievement in cloud communications. Crexendo's approach enables providers to maintain greater control of their commercial model, user experience, and brand equity, leading to larger profit margins compared to competitor solutions. The company's CEO, Jeff Korn, expressed pride in the recognition and emphasized the team's commitment to excellence in product and support.
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Rhea-AI Sentiment
End-of-Day
6.9%
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Rhea-AI Summary
Crexendo, Inc. (NASDAQ:CXDO) to present at Needham Growth Conference, showcasing cloud communication platform and services, video collaboration, and managed IT services. President and COO, Doug Gaylor, and CFO, Ron Vincent, to highlight company's growth and results.
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Rhea-AI Sentiment
End-of-Day
-1.83%
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Crexendo, Inc. (NASDAQ:CXDO) has announced a significant increase in its cloud communication platform user base, which now supports over four million end users globally. Since acquiring the NetSapiens platform in June 2021, the company has seen substantial growth, with over 500k new users added since mid-September 2023. Crexendo CEO, Jeff Korn, expressed confidence in the company's strategic growth plan for 2024, highlighting strong business development, support for licensees, platform quality, and capabilities. The recent sale of the company's building and elimination of debt on the balance sheet further bolstered the positive outlook for the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.67%
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Rhea-AI Summary
Crexendo, Inc. (NASDAQ:CXDO) announced Q3 2023 financial results, with total revenue up 52% to $13.9 million, GAAP net income of $1.7 million, and non-GAAP net income of $3.3 million. The company also reported increases in consolidated total revenue, service revenue, software solutions revenue, and product revenue, as well as a significant rise in EBITDA and adjusted EBITDA. The CEO highlighted the company's strong performance, profitability, and effective management of costs, expressing confidence in continued strong performance and future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.71%
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CREXENDO INC
Nasdaq:CXDO
CXDO Rankings
CXDO Stock Data
102.78M
10.40M
60.42%
9.53%
1.07%
Computer Systems Design Services
Professional, Scientific, and Technical Services
United States of America
TEMPE
About CXDO
crexendo inc. is a full-service cloud telephone system provider that delivers productivity enhancing tools and cost savings to customers ranging in size from smb to mid-sized enterprise; including free call center, reports, and unified communications. our services are designed to make businesses more efficient at affordable monthly rates that are typically 20-60% less than their current telecom expenses. crexendo is fully committed to the reliability and security of our cloud systems. starting with a world-class data center featuring multiple levels of redundancy and the highest level of security defenses, every facet of our development is benchmarked against the maximum security and reliability standards. crexendo is pci compliant, and is a registered clec across the united states and canada. for more information about crexendo products visit www.crexendo.com.