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) 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.
Crexendo (NASDAQ:CXDO) announces that Popp Communications has selected its NetSapiens Platform to replace their legacy Microsoft Metaswitch solution. This decision comes after Microsoft's announcement of end-of-life for their Metaswitch MaX UC offering and plans to sell off their Metaswitch division.
The NetSapiens Platform, serving over 5 Million end users with hundreds of API integrations and integrated AI applications, has been recognized by Frost & Sullivan as the 'Fastest Growing UCaaS Solution in North America' for two consecutive years. Crexendo adds over 100,000 new users monthly and offers flexible deployment options with a sessions-not-seats pricing model.
Crexendo (NASDAQ:CXDO) has been recognized on the 2024 Deloitte Technology Fast 500™ list as one of North America's fastest-growing companies. The company achieved 225% growth during 2020-2023, ranking 6th in the Communications/Networking category. As the only UCaaS software platform on the list, Crexendo was acknowledged for its innovative cloud communication solutions, including voice, video, contact center, and managed IT services.
CEO Jeff Korn highlighted the company's commitment to developing cutting-edge software and technology, particularly noting their recent innovations in AI technology through their VIP CX cloud contact center platform and VIP Voice AI Studio offerings. The recognition marks the 30th year of Deloitte's prestigious ranking program, which celebrates companies driving innovation across technology, media, telecommunications, life sciences, fintech, and energy tech sectors.
Crexendo's NetSapiens platform has been awarded the 2024 Generative AI Expo Product of the Year Award by TMC. The platform, serving over 5 million users, integrates AI technology to enhance customer communications through features like NetSapiens Voice Studio, which creates automated personalized greetings and messages. The system provides real-time transcripts with sentiment analysis, call topic summaries, and AI-powered voicemail transcription.
The platform grows at more than 2X the industry average and offers service providers a unique business model without traditional per-seat fees, enabling rapid scaling and migration from legacy systems.
Crexendo announced that Akabis has selected its NetSapiens Platform to replace their Microsoft Metaswitch platform following Microsoft's end-of-life announcement for Max-UC solution. Akabis chose Crexendo after a comprehensive review, citing the platform's open architecture and distinctive branding capabilities. Crexendo, currently the third largest telecom software platform provider, reports adding over 100,000 users monthly to its platform. The company emphasizes its AI integration and positions itself as a leading choice for service providers migrating from Metaswitch MaX UC.
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