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, 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.
Crexendo (NASDAQ:CXDO) reported strong financial results for Q2 2020, showing a 12% increase in consolidated total revenue to $4.1 million compared to Q2 2019. UCaaS service revenue surged 16% to $3.5 million. GAAP net income rose 50% year-over-year to $508,000, while non-GAAP net income improved by 48% to $660,000. However, product revenue decreased by 4%, and web services revenue fell by 18% in the same period. Operating expenses increased by 8%. The company's cash position has strengthened, totaling $5.1 million at the end of Q2.