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 (NASDAQ:CXDO) has announced reaching over 6 million global users on its NetSapiens platform, more than tripling its user base since 2021. The company has established itself as North America's fastest-growing UCaaS software platform, outpacing competitors at twice the rate.
The growth is attributed to Crexendo's session-based pricing model, which offers advantages over traditional seat-based models, allowing service providers greater flexibility and profitability. The platform can be deployed through facilities-based instances, Oracle Cloud Infrastructure (OCI), or hybrid models.
The company's platform provides cloud communication solutions including voice, video, contact center, and managed IT services. With open APIs for customization and a focus on innovation, Crexendo positions its NetSapiens platform as a stable alternative amid market disruption from competitors like Cisco, Microsoft, Avaya, and Mitel.
Crexendo (NASDAQ:CXDO) has expanded its strategic partnership with the National Association of Basketball Coaches (NABC), providing communications services for the 2025 NABC Convention during the NCAA Men's Final Four Tournament in San Antonio.
This marks the twelfth consecutive year of collaboration, with Crexendo powering the Convention's Mobile Command Center through its cloud communications platform. The system delivers real-time connectivity, call management, and mobility support for event operations.
NABC CFO Stephanie Whitcher emphasized the vital role of Crexendo's technology in ensuring seamless operations and exceptional event experience. Crexendo CEO Jeff Korn highlighted the company's commitment to delivering reliable, scalable communication solutions that enable organizations to operate efficiently.
Crexendo (NASDAQ:CXDO), a cloud communication platform software and UCaaS provider, has appointed Todd A. Goergen as Lead Independent Director of its Board of Directors, effective immediately. Goergen, who has served on Crexendo's Board since 2006, brings extensive experience in corporate strategy, governance, and capital markets.
The appointment strengthens Crexendo's corporate oversight and governance practices. CEO and Chairman Jeff Korn highlighted Goergen's deep expertise in corporate leadership and market dynamics as key factors in the selection. In his new role, Goergen will work closely with the Board and executive leadership to drive strategic growth initiatives.
Goergen's background includes advising and leading companies across various industries, with emphasis on technological innovation, operational excellence, and shareholder value creation.
Crexendo (NASDAQ:CXDO) has secured the 2025 Product of the Year Award from Internet Telephony for its NetSapiens Platform, marking its fifth consecutive win and 27th industry accolade. This achievement follows recent recognition including the Generative AI Expo Product of the Year Award and placement on the 2024 Deloitte Technology Fast 500 list.
The company's cloud communication platform software and UCaaS offerings include voice, video, contact center, and managed IT services. Crexendo's platform features session-based pricing instead of seat-based limitations, allowing partners to deploy solutions on-premises, in Crexendo's Oracle Cloud, or in a hybrid model.
Crexendo (NASDAQ:CXDO) reported strong financial results for Q4 and fiscal year 2024. The company achieved total revenue of $60.8 million for the year, up 14% year-over-year, with Q4 revenue reaching $16.2 million, a 15% increase.
Key financial highlights include:
- Annual net income of $1.7 million ($0.06 per share)
- Non-GAAP net income of $7.7 million for 2024
- Software solutions revenue grew 30% to $23.4 million
- Service revenue increased 7% to $31.8 million
- Cash and equivalents reached $18.2 million, up from $10.3 million in 2023
The company's software solutions segment showed particularly strong growth, benefiting from market disruption caused by competitors Cisco and Microsoft. Crexendo's focus on innovation and artificial intelligence applications continues to drive growth in telecom services sales.
Crexendo (NASDAQ:CXDO), a leading software technology company specializing in cloud communication platforms and UCaaS solutions, has announced its participation in the Oppenheimer 10th Annual Emerging Growth Conference, scheduled for February 25-26, 2025. The virtual event will feature Doug Gaylor, President and COO, and Ron Vincent, CFO, who will be available for one-on-one meetings with institutional investors.
During these meetings, management will showcase Crexendo's recent performance and outline future growth strategies and business development opportunities. The company, known for providing voice, video, contact center, and managed IT services to businesses of all sizes, continues to demonstrate strong results in the cloud communication sector.
Interested institutional investors can schedule meetings through their Oppenheimer representative or by contacting opcoconferences@opco.com.
Crexendo (NASDAQ:CXDO) has scheduled its fourth quarter and year end 2024 financial results conference call for March 4, 2025, at 4:30 PM ET. The company's leadership team, including CEO Jeff Korn, President and COO Doug Gaylor, and CFO Ron Vincent, will present prepared remarks and host a Q&A session.
For those interested in participating, the domestic dial-in number is 888-506-0062, while international participants can call 973-528-0011, using access code 834644. Participants are advised to dial in five minutes before the call begins. A replay will be available until March 11, 2025, accessible via 877-481-4010 (domestic) or 919-882-2331 (international) with replay passcode 52036.
Crexendo (NASDAQ:CXDO) has been awarded the Unified Communications Excellence Award from TMC for the fourth time, recognizing their NetSapiens Platform's excellence in the UCaaS industry. This achievement follows a successful 2024, where the company also received the Generative AI Expo Product of the Year Award and was listed among North America's fastest-growing companies on the 2024 Deloitte Technology Fast 500.
The NetSapiens Platform has emerged as a preferred solution for service providers, particularly those facing challenges like the Metaswitch MaX UC end-of-life transition. The platform has achieved significant growth, becoming North America's fastest-growing Unified Communications platform with over five million users globally. Service providers using the platform are growing at twice the industry average.
CEO Jeff Korn highlighted this recognition as evidence of the team's dedication and their partners' trust. TMC CEO Rich Tehrani praised Crexendo's commitment to addressing marketplace needs. The company has now earned twenty-seven industry awards, demonstrating its continued leadership in cloud communication platform software and UCaaS solutions.
Crexendo (NASDAQ:CXDO) has announced the release of v44.2 of its NetSapiens Platform, introducing significant AI-driven features for business communications. The update includes the new NetSapiens Video AI Studio, offering service providers a customizable video conferencing solution with branding capabilities, live streaming to YouTube, and interactive tools.
Key features include an AI companion providing automated meeting recordings, transcriptions, sentiment analysis, and smart search capabilities. The release also introduces an advanced AI-powered Speech-to-Text Transcription system, which the company claims offers superior accuracy compared to competitors.
According to CEO Jeff Korn, this release represents a significant advancement in AI-driven communication solutions, aiming to empower businesses with personalized and intelligent communication tools.
Crexendo (NASDAQ:CXDO) has achieved top rankings in G2's Winter 2025 Reports for VoIP, UCaaS, and Customer Communications Management. The company maintained its #1 position for Ease of Use for the eighth consecutive quarter, along with leading rankings in Native VoIP, CCaaS Option, and voicemail features. Crexendo's platform has sustained a 4.9/5-star rating for 11 consecutive quarters.
The company was recognized as a top trending provider in G2's Winter 2025 Momentum Grid Reports, highlighting its innovation and growth. CEO Jeff Korn emphasized upcoming platform advancements, including Generative AI integration. Crexendo currently serves over 5 million end users globally and is recognized as the fastest-growing platform in the U.S.
According to G2's Chief Product Officer Sara Rossio, only about 10% of vendors appear in G2's quarterly Market Reports, making Crexendo's recognition particularly significant in the B2B software marketplace.
FAQ
What is the current stock price of Crexendo (CXDO)?
What is the market cap of Crexendo (CXDO)?
