PHOENIX, AZ - Crexendo , Inc. (NASDAQ:CXDO) has teamed up with TELCLOUD to introduce a POTS Replacement platform. This collaboration aims to provide Crexendo's partners with a seamless and cost-effective alternative for essential services such as fire alarms, security systems, and elevators.
Jeff Korn, CEO of Crexendo, emphasized the importance of the new platform, stating that it not only meets the immediate need for a POTS alternative but also enhances communications services with advanced features. Korn highlighted the integration with the Netsapiens platform, which he believes gives partners a significant advantage in the market.
The partnership is poised to address the increasing demand for affordable telecom solutions, especially as local exchange carriers raise prices on traditional dial-tone services by up to 1000%. Crexendo's offering is positioned as both affordable and reliable, aiming to give partners a strategic edge in the market.
Jake Jacoby, CEO of TELCLOUD, expressed enthusiasm about the partnership, which combines TELCLOUD's innovative solution with Crexendo's rapidly growing Unified Communications as a Service (UCaaS) platform that serves over four million users. The collaboration is expected to expand the reach of TELCLOUD's POTS line replacement solution and meet the evolving needs of the telecom industry.
This announcement follows TELCLOUD's recent demonstration of its Communication Platform as a Service at the Crexendo User Group Meeting, a NetSapiens Platform Event, which took place on October 16-19, 2023.
Crexendo, Inc. is known for its cloud communication platform and services, video collaboration, and managed IT services, supporting millions of end users globally. TELCLOUD specializes in CPaaS for large Telecommunication Providers, offering white-labeled POTS Line Replacement and Wireless Services with direct Netsapiens integration.
This news is based on a press release statement.
InvestingPro Insights
As Crexendo, Inc. (NASDAQ:CXDO) forges ahead with its strategic partnership with TELCLOUD, investors may find the company's recent performance and market position to be of interest. With an adjusted market capitalization of 164.8 million USD, Crexendo is navigating the telecom industry with a focus on innovation and growth. The company's revenue growth has been notable, with a 43.78% increase in the last twelve months as of Q3 2023, and an even more impressive quarterly revenue growth of 52.33% in Q1 2023.
Investors should note the company's strong return metrics, which include a 21.73% price total return over the last month and a remarkable 191.71% over the last three months. This performance is underscored by an InvestingPro Tip highlighting Crexendo's high return over the last year, with a 252.78% one-year price total return. Additionally, analysts have predicted that the company will be profitable this year, a significant turnaround from its lack of profitability over the last twelve months.
While Crexendo operates with a moderate level of debt, it is important to consider the company's P/E ratio, which stands at -4.88. This metric indicates that investors are currently willing to pay less than five dollars for every dollar of Crexendo's earnings, a factor that could be influenced by its anticipated sales growth and the potential for profitability.
For those looking to delve deeper into Crexendo's financials and strategic insights, InvestingPro offers additional tips and metrics. Currently, there are 8 more InvestingPro Tips available, which can provide a more comprehensive understanding of the company's trajectory. Interested readers can access these tips and take advantage of a special offer using the coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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