Crexendo Inc Stock Price, News & Analysis

Crexendo (NASDAQ:CXDO) has announced the successful completion of key migration milestones to Oracle Cloud Infrastructure (OCI). The company has migrated its European and Australian NetSapiens Hosted Licensees and U.S. VIP™ offering to OCI from legacy infrastructure.

The migration provides NetSapiens platform partners with enterprise-grade security, high availability, and rapid deployment capabilities while maintaining brand control. Built on OCI's Security-First Architecture, the move enables partners to deliver advanced communications services without significant infrastructure costs or management overhead.

The company is now focusing on the final phase of migrating the remaining U.S. NetSapiens hosted licensees to OCI, which will complete Crexendo's global infrastructure vision.

Crexendo (NASDAQ:CXDO), a cloud communication platform provider, announced that BCN has made a strategic investment to expand the capacity of its IP Voice services. BCN's Cloud Voice services, built on Crexendo's NetSapiens platform, are experiencing accelerating demand for IP-enabled solutions including UCaaS, Call Center, SIP trunking, and POTS replacement.

The expansion strengthens BCN's ability to help businesses transition from traditional TDM infrastructure to modern, scalable communications. BCN's President and COO Julian Jacquez highlighted that the expansion was driven by high adoption of their POTS Replacement solutions, while Crexendo's CEO Jeff Korn emphasized their commitment to enabling service providers to innovate without per-seat constraints.

Crexendo (NASDAQ:CXDO) CEO Jeff Korn will be a featured speaker at the Cloud Communications European Summit in Brussels on June 17, 2025. Korn will participate in a keynote panel titled 'The Power of an Open Best-of-Breed Ecosystem Approach', discussing Crexendo's commitment to open platforms and partner-driven innovation. The company's NetSapiens platform, which is the fastest-growing UCaaS platform in North America, features an open API-first architecture with hundreds of business application integrations. The Summit, hosted by the Cloud Communications Alliance (CCA), brings together telecom, cloud, and IT leaders to explore opportunities and trends in communications technology.

Crexendo (NASDAQ:CXDO) announced that six of its Service Provider licensees using the NetSapiens Platform have won TMCnet's 2025 Unified Communications Product of the Year Awards. The achievement highlights the platform's position as the fastest-growing UCaaS platform in North America, offering features like deep API access, extensive integration ecosystem, and full customization capabilities. The NetSapiens Platform provides a comprehensive solution including voice, video, messaging, contact center, and APIs in a unified system. Unlike competitors dealing with fragmented solutions due to industry consolidation, Crexendo's platform is built as an all-in-one, AI-native solution that enables service providers to maintain control over their service delivery and innovation.

Crexendo (NASDAQ:CXDO) has been selected for inclusion in both the Russell 2000 and Russell 3000 Indexes, effective June 27, 2025, following FTSE Russell's 2025 annual reconstitution. Currently a Russell Microcap Index member, Crexendo's inclusion is based on its market capitalization as of April 30, 2025. The Russell 3000 Index comprises the 3,000 largest U.S. public companies, while the Russell 2000 focuses on small-cap companies. These widely-used indexes influence approximately $10.6 trillion in benchmarked assets. CEO Jeff Korn highlighted this milestone as validation of their growth strategy, noting that Crexendo's UCaaS platform supports over 6 million users and is recognized as North America's fastest-growing UCaaS platform provider by Frost & Sullivan.

Crexendo (NASDAQ:CXDO), a cloud communication platform software provider, has expanded its partnership with UDT, a national technology solutions provider. UDT has selected Crexendo's NetSapiens platform to power its voice solutions after a thorough competitive evaluation. The platform, known for its AI capabilities, API richness, and scalability, offers flexible deployment options including on-premises, cloud, or hybrid models. The partnership enables UDT to enhance its service offerings with advanced features while maintaining competitive pricing. Crexendo's CEO Jeff Korn emphasized the platform's ability to help service providers scale, maximize profitability, and drive market disruption. The integration aims to support UDT's growth strategy and deliver innovative cloud communication solutions to its customers.

Crexendo (NASDAQ:CXDO) is revolutionizing the POTS (Plain Old Telephone System) replacement market through its NetSapiens® platform's exceptional oversubscription capabilities. With AT&T planning to retire copper-based services by 2029, approximately 35 million active POTS lines in the US require migration at a rate of 7 million lines annually.

The company's platform achieves an average oversubscription rate of 40:1 across its 6 million users, with rates reaching up to 200:1 in POTS replacement applications. This efficiency enables service providers like TELCLOUD to deliver cloud-based solutions for critical business systems such as life safety systems, alarms, and elevators at significantly reduced operational costs.

Crexendo (NASDAQ:CXDO) reported strong Q1 2025 financial results with total revenue increasing 12% year-over-year to $16.1 million. The company's performance was driven by significant growth in software solutions revenue, which jumped 33% to $6.9 million. GAAP net income reached $1.2 million ($0.04 per share), while non-GAAP net income was $2.6 million ($0.09 per basic share). Service revenue grew 4% to $8.2 million, though product revenue declined 22% to $1.0 million. The company's platform surpassed 6 million users, with software solutions gross margins expanding to 78%. Cash and cash equivalents stood at $21.2 million, up from $18.2 million at the end of 2024. Operating cash flow improved to $1.2 million compared to -$0.2 million in Q1 2024.

Crexendo has secured its 28th industry award, winning the Hosted VoIP Excellence Award from INTERNET TELEPHONY for its NetSapiens platform. This achievement follows their recent Product of The Year award, confirming their position as North America's fastest-growing Unified Communications platform.

The company's AI-native platform breaks from traditional per-user licensing models, offering partners flexibility to own or subscribe, and deploy on-premise, cloud, or hybrid solutions. With over 6 million users and adding 100,000+ new users monthly, service providers using NetSapiens are growing at twice the industry average.

CEO Jeff Korn emphasizes their commitment to revolutionizing cloud communications through AI-native intelligence and partner empowerment. The platform features advanced APIs, enabling customers to innovate and integrate in the evolving communications landscape.