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FLUX...hweb...I'm thinking Flux could report record revenue. And since they are well on their way to generating free cash flow I'm not sure we'll see a "sell on news". But you never know. Comps should be decent.
Would love to see positive EPS but may have to wait till next Q.
Did you see the list of their costomers in the presentation link I posted? Pretty impressive.
Anyway, I'll look at earnings and listen to the cc and go from there.
FLUX..$4.65...Nice. FLUX is flexing this morning before earnings...Hoping they hit breakeven cash flow. If not, I'm pretty sure they will in their Q1FY24 which should be released in a couple months. Good growth stock though.
My avg is $4.25 a share so not too shabby.
We'll see how things look after the close.
GTEC...Been adding in the $3.30's this morning. Greenland has good cash, low PE, low OS & float, nice growth, and in a strong sector...So I say why not w/ a book value of $5.55 and a market cap of only $44M ?? This will be one I avg down on if the share price drops more.
What a STEAL this was when it was trading in the $1's !!!
FLUX...Interesting company...Up 6%+ today with their Q4/FY2023 earnings coming out tomorrow after the close. I've been slowly accumulating and think it's one to keep an eye on for long term growth. The sector is strong and Flux has been showing nice growth.
Flux Power designs, manufactures, and sells advanced lithium-ion energy storage electrification solutions for a range of industrial and commercial equipment including material handling, airport ground support equipment (GSE), and stationary energy storage. Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets.
https://www.fluxpower.com/company#mission-1
Latest Presentation...
https://d1io3yog0oux5.cloudfront.net/_7c6c6ac5e3a6e976f82a3dc9f9d24391/fluxpower/db/2240/20845/earnings_presentation/Flux+Power+Q3%2723+Financial+Results+Conference+Call+Presentation+-+FINAL+-+5-11-2023+v2.pdf
Latest Q3 earnings PR...
https://finance.yahoo.com/news/flux-power-reports-3rd-quarter-200100241.html
CSPI....Added some back in high $16's. 🤞
CXDO...Crexendo Receives Multiple Industry Awards for VoIP, UCaaS and CCaaS Offerings
PHOENIX, AZ / ACCESSWIRE / September 20, 2023 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), an award-winning premier provider of cloud communication platform and services, video collaboration and managed IT services, today announced its outstanding performance in G2's Fall 2023 Reports for VoIP, UCaaS and CCaaS as well as its win in the 2023 TMCnet Awards.
In G2's Fall 2023 Reports, the Crexendo® VIP™ platform for cloud business communications was ranked first for Usability and was honored with the Best Usability award for the third quarter in a row, celebrating its powerful, user-centric features. Crexendo also held the first-place position for Relationship and the Best Relationship award for the third consecutive quarter, showcasing the Company's dedication to building and maintaining exceptional customer relationships. The Company's first place ranking for Results earned it the Best Results award for the second quarter in a row, demonstrating Crexendo's relentless commitment to delivering outstanding solutions with tangible ROI.
Crexendo's consistently positive reviews from verified users have culminated in a remarkable 4.9 out of 5-star rating, sustained over seven successive quarters. The Company's impressive achievements in G2's Fall 2023 Reports reinforce its reputation as the first choice for organizations seeking an unparalleled customer experience and a robust, user-friendly cloud business communications platform.
In the 2023 TMCnet Awards, Crexendo was named a winner of the Remote Work Pioneer Award, reflecting the value of its solutions for remote and hybrid workplaces. The Company was also named a winner of the Product of the Year Award, presented by INTERNET TELEPHONY magazine, for Crexendo's NetSapiens® SNAPsolution UCaaS platform.
"The industry recognition of our offerings is a testament to the quality of our products and services as well as the trust our clients and partners have in our ability to deliver," said Crexendo CEO Jeff Korn. "We see these honors and awards as inspiration to keep pushing boundaries and delivering exceptional experiences, and we will use this recognition as fuel to drive even greater achievements in the future."
CSPI...hweb, not going to add yet seeing how I still have a decent position. CSPI is still my 2nd largest position even after what I sold today.
CSPI...Hit the $19's...Did you short hweb? I ended up selling 20% of my total position by the time I was done this morning. Wow. Still love this stock but yea, it was hard to resist some selling, especially when it topped $25. Then I sold a bit more as things started inching down.
CSPI...Thanks. Ended up selling 10% this morning...Good even # for now. 😉
CSPI...Haha, Yes...BTW, finally sold 6% of my position...What a run !!!
SPCB...What a piece of sh!t (IMO)...LOL...Nelson, looks like these "habitual diluters" will be at it again... WTH??...10 months ago these guys did a 1-10 reverse split and today news breaks that they are not in compliance with Nasdaq (due to a $0.44 stock price). WTH??😂
SuperCom Receives Nasdaq Letter on Minimum Bid Requirements
https://finance.yahoo.com/news/supercom-receives-nasdaq-letter-minimum-203000365.html
CSPI...Thanks hweb. We'll see where things go from here...Although I have thought about selling a few shares, I still haven't into this spike.
Anything over $20 would still good great gains.
CSPI...I was just reading through this PDF filing which was posted last month on ariacybersecurity.com...
ARIA Zero Trust PROTECT™
A Revolutionary New AI-driven Approach to OT Cybersecurity
https://www.ariacybersecurity.com/wp-content/uploads/2023/08/ARIA-AZT-Protect-Overview.pdf
Good stuff.
CXDO...Notes from last weeks Crexendo H.C. Wainwright presentation...
- Approx 79% of current revenue is monthly recurring revenue.
- Average customer term is 45 months.
- Churn rate is one of the lowest in the industry. Churn rate = 0.75% / month.
- $50M Run Rate, $50M Back Log, $50M Market Cap = "Diamond in the rough".
- Global markets = Year over year growth of 634%.
- Crexendo is currently migrating all customers from their classic platform over to the new VIP platform. This transition will create considerable cost savings and margin contribution over the course of the next 12 months.
- Less than $1M debt.
- Positive cash flow.
- Lots of opportunity for continued growth in sales and cash flow.
https://www.crexendo.com/why-crexendo/events/
CSPI...Thank you yielddude. I've had a few long term stocks that became short term along the way though, LOL.
Anyway, a few long term stocks that have paid off nicely for me over the years are PLUS, FTK (back in the day), CLMB (WSTG), and CSPI.
PLUS was a HUGE long term one back in the day and it's still growing today (although I don't own it currently).
Thanks again and hope you're hanging in there and doing well w/ your investments. 🤞
GTEC...+28% on the day. Wow.
CSPI...Nice to see him still buying in the $20's.
CSPI...Hit a new all-time high today...😎 We know insiders aren't selling right now, Joe isn't selling, and I'm not selling. Things are really looking like they are tightening up.
(Yea, I know it could pull back at some point, but I don't want take the chance of having to claw back my shares with the float being so low. Just going to hang in there for now and see what happens).
CSPI...Holding for now...It's my 2nd largest holding behind CXDO. After seeing the MGM news this week, makes me want to hold long term even more...
MGM Resorts says cyberattack could have material effect on company
https://www.cnbc.com/2023/09/13/mgm-resorts-cyberattack-and-outage-stretches-into-third-day.html
Between cybersecurity and managed services, CSPi is prime for growth IMO.
(I did however sell some shares a few months back to diversify some gains into other stocks, mostly CXDO).
GTEC...Here's the kicker from todays news..."While other well-known names in the industry like Komatsu, Deer and Caterpillar are all working on developing all-electric versions of their tractors, excavators and other heavy equipment, they're still a couple of years away from hitting the market according to HEVI COO Dana Hopkins.
"They're still in that R&D pre-production," Hopkins said in a fireside chat with Water Tower Research. "So they're probably two years out before they're ready for retail market retail orders."
GTEC...Re: Todays PR...Added back shares in the $3.20's on the open and grabbed more on the dip below $3. Damn...GTEC is currently up 20% on the day!!! I'll say it again...This has been a great stock for me this year 👍
GTEC...HEVI’s Line Of All-Electric Excavators And Loaders Finally Brings A Zero Emission Alternative To Diesel-Powered Heavy Equipment
EAST WINDSOR, NJ / ACCESSWIRE / September 15, 2023 / As the Senate and the EPA battle over new emission standards for trucks and other heavy equipment, a decades-long effort to curb emissions across construction, manufacturing, agriculture and other industries that use heavy equipment hit a standstill. But one thing is clear: no matter how much you improve gas or diesel-powered equipment, you'll never get to zero emissions with a combustion engine.
That's why Greenland Technologies Holding Corporation (NASDAQ:GTEC) ditched diesel and started developing fully electric heavy equipment in 2021. Today, the leading transmission and drivetrain systems provider sells three of North America's first commercially available all-electric heavy equipment under its subsidiary, HEVI.
All Electric Heavy Equipment Offers A Zero Emission, Low Maintenance And Fully Powered Solution
The quest for cleaner heavy equipment has been going on for decades. In the early 2000s, the California Air Resource Board (CARB) established the world's first comprehensive regulatory and market framework for monitoring and enforcing emissions standards. That began a multi-phase process of developing more efficient trucks and equipment that produced fewer emissions.
But there's only so much you can clean up a combustion engine and as emissions standards become both stricter and more widespread, the need for an all-electric option is becoming increasingly urgent.
While other well-known names in the industry like Komatsu, Deer and Caterpillar are all working on developing all-electric versions of their tractors, excavators and other heavy equipment, they're still a couple of years away from hitting the market according to HEVI COO Dana Hopkins.
"They're still in that R&D pre-production," Hopkins said in a fireside chat with Water Tower Research. "So they're probably two years out before they're ready for retail market retail orders."
Meanwhile, HEVI has already brought three fully electric equipment lines to the market: loaders, excavators and forklifts. And Hopkins said there are more in development, including a tracked excavator expected to launch by the end of this summer.
The battery-powered equipment produces zero operating emissions and requires less maintenance than their combustion engine counterparts. This makes them a key choice for companies that want to future-proof their operations no matter what shape future emissions standards take. But it also makes them a more cost-effective option as less maintenance means both less maintenance costs - an estimated 60% less, according to HEVI - and less downtime in the field.
Despite their many benefits, Hopkins said HEVI has faced its fair share of skepticism from the industries it serves. Namely, the misconception that electric equipment just doesn't pack the same punch as diesel-powered equipment.
"They're comparing it to electric lawnmowers they get from Home Depot because that's their point of reference," Hopkins said. But HEVI equipment is no electric lawnmower. The GEL-5000 wheel loader, for example, is fully electric and boasts a five-ton lifting capacity.
The next frontier is automation. "Over the past three years or so, there's been a big growth in precision construction technology," Hopkins said. "Utilizing sensors on the different cutting edges, in different parts of the machines, connected to satellites or connected with local lasers to ensure that the machines are operating within a tenth of an accuracy."
That kind of precision is going to require better automation and more accurate technology. So HEVI has partnered with Cyngn, Inc. to develop a new line of fleet management technology. That includes the Cyngn Infinitracker that now comes pre-installed in all HEVI equipment. The device uses GPS, 5G and LTE to track the equipment wherever it goes while built-in sensors monitor temperature and other equipment conditions so companies can keep track of both the location and condition of their equipment.
The two tech companies are also working on new self-driving features to make HEVI forklifts, loaders and excavators that can operate autonomously.
FTK...Flotek Projects Achieving Financial Milestone in Third Quarter and Announces 1-for-6 Reverse Stock Split
HOUSTON, Sept. 14, 2023 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced it expects to report positive adjusted EBITDA(1) for the quarter ending September 30, 2023, accelerating its previous estimate of achieving this financial metric before year-end. Reaching positive adjusted EBITDA(1) builds upon the Company's improvement in its financial results over the last several quarters, highlighted by revenues and gross profit during the first half of 2023 increasing by approximately $56 million and $9 million, respectively, as compared to the first half of 2022. The Company expects that its third quarter 2023 adjusted EBITDA(1) will reflect the ninth consecutive quarter of improvement.
Flotek Industries, Inc. (PRNewsfoto/Flotek Industries, Inc.)
Flotek Industries, Inc. (PRNewsfoto/Flotek Industries, Inc.)
The Company also announced that its Board of Directors has approved a 1-for-6 reverse split of Flotek's common stock, par value $0.0001 per share (the "Reverse Stock Split"). The Reverse Stock Split will become effective after market close on September 25, 2023 (the "Effective Date"), and the shares of common stock are expected to begin trading on the split-adjusted basis under the Company's existing trading symbol, "FTK," when the market opens on September 26, 2023. The new CUSIP number following the Reverse Stock Split will be 343389409.
Ryan Ezell, Chief Executive Officer, stated, "Our results through the first half of 2023, combined with our confidence in reaching positive adjusted EBITDA(1) for the third quarter, clearly indicate continued improvement in all aspects of our business. Revenues, gross profit and adjusted EBITDA(1) during the first half of 2023 have increased significantly as compared to the first half of last year, while our balance sheet has improved through the conversion of debt to equity as well as the entry into an Asset Based Loan to enhance liquidity. We expect this strong financial momentum to continue into 2024."
On the Effective Date, the total number of shares of common stock held by each stockholder of the Company will be converted automatically into the number of shares of common stock equal to (i) the number of issued and outstanding shares of common stock held by each such stockholder immediately prior to the Reverse Stock Split, divided by (ii) 6, with such resulting number of shares rounded up to the nearest whole share. The Company will issue one whole share of the post-Reverse Stock Split common stock to any stockholder who otherwise would have received a fractional share as a result of the Reverse Stock Split. As a result, no fractional shares will be issued in connection with the Reverse Stock Split and no cash or other consideration will be paid in connection with any fractional shares that would otherwise have resulted from the Reverse Stock Split.
The Reverse Stock Split has no effect on the par value or on the number of authorized shares of common stock or preferred stock. Immediately after the Reverse Stock Split, each stockholder's percentage ownership interest in the Company and proportional voting power will remain unchanged, except for minor changes and adjustments that will result from the treatment of fractional shares. The rights and privileges of the holders of shares of common stock will be substantially unaffected by the Reverse Stock Split. The Company anticipates that the effect of the Reverse Stock Split will be sufficient to regain compliance with the New York Stock Exchange's continued listing standards, however, there can be no assurance that the Reverse Stock Split will have that effect, initially or in the future, or that it will enable the Company to maintain the listing of its common stock on the New York Stock Exchange.
Stockholders who are holding their shares in electronic form at brokerage firms do not need to take any action, as the effect of the Reverse Stock Split will automatically be reflected in their brokerage accounts. Stockholders holding paper certificates may (but are not required to) send the certificates to the Company's transfer agent and registrar, Equiniti. Equiniti will issue a new stock certificate reflecting the Reverse Stock Split to each requesting stockholder.
SBOW...TY researcher. I'll look at VTLE.
CSPI...Nice gains nelson. I haven't sold any into this new all-time spike yet. It's been a slow process along the way due to a few speed bumps, but CSPI has been patient, has good cash, low/no debt, and has not screwed thie shareholders with dilution over the years.
I still think there is nice growth ahead and still hoping the CSPi/Nvidia connection materializes into something strong one day. Never know though...
From the 8/10/22 cc
During the quarter we announced ARIA Zero Trust Gateway a next generation network security solution focused on automated 100 Gig network response accelerated by the NVIDIA BlueField-2 DPU.
Ami Badani, Vice President of network at NVIDIA said, ARIA Zero Trust Gateway solves a critical cyber problem for service providers who need a modern approach to protecting their customer data from attack. We see a lot of value in this product that we can - bring to our customers.
From the 5/10/23 cc...
Joseph Nerges
And anything new on the NVIDIA front? I mean I know you’ve had contact with them and some of their customers in the past. And I didn’t know if there was any progress or any discussions going on with any of their base?
Victor Dellovo
There is a different department we started talking to recently seems promising on some stuff. But again, in those worlds, things move really, really slow when you’re trying to get integrated into a product line of theirs.
Joseph Nerges
So at least there are some discussions. It’s not dead in water, let’s put it that way.
Victor Dellovo
No, no, no. Not at all.
SBOW...Researcher, I bought SBOW on the open after the stock dipped approx 10% the past couple days on public offering news. What is your take on the news @ these prices? (Trading in the $37's this morning. Now in the low $38 range)
HOUSTON --(BUSINESS WIRE)-- SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced the upsize and pricing of its previously announced underwritten public offering of its common stock (the “Offering”). The size of the Offering increased from the previously announced 3,000,000 shares to an aggregate of 4,000,000 shares of the Company’s common stock, which includes 2,810,811 shares offered by the Company and 1,189,189 shares offered by an affiliate of Strategic Value Partners, LLC (the “Selling Stockholder”), at a price to the public of $37.00 per share. The Company and the Selling Stockholder have granted the underwriters a 30-day option to purchase up to an additional 600,000 shares, upsized from the previously announced 450,000 shares. The Offering is expected to close on or about September 18, 2023 , subject to customary closing conditions.
The Company intends to use the net proceeds from the Offering to repay a portion of the amounts outstanding under its senior secured revolving credit facility (“Credit Facility”) and for general corporate purposes, and will subsequently use borrowings under its Credit Facility and proceeds from its amended second lien notes to fund the purchase price for the Company’s pending acquisition of Chesapeake Energy Corporation’s oil and gas assets in South Texas (the “Chesapeake Acquisition”). The Company will not receive any proceeds from any sale of shares by the Selling Stockholder. The consummation of the Offering is not conditioned upon the completion of the Chesapeake Acquisition and the consummation of the Offering is not a condition to the completion of the Chesapeake Acquisition.
CXDO...Crexendo Joins CPaaS Acceleration Alliance to Drive Innovation Forward...
PHOENIX, AZ / ACCESSWIRE / September 14, 2023 / Crexendo, Inc. (Nasdaq:CXDO) ("Crexendo" or the "Company"), an award-winning premier provider of cloud communication platform and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business, today announced it has joined the CPaaS Acceleration Alliance, a dynamic, global collaboration aimed at advancing Communication Platform as a Service (CPaaS) solutions.
Through this strategic alliance, Crexendo will collaborate with industry leaders, sharing insights and knowledge to accelerate the evolution of CPaaS offerings. The integration of Crexendo's proven capabilities and forward-thinking approach with the Alliance's diverse expertise will provide an opportunity to redefine applications and possibilities of cloud communication solutions.
"The CPaaS Acceleration Alliance, renowned for its commitment to driving innovation in the communication technology landscape, welcomes Crexendo as a pivotal addition to its roster of esteemed members. With its extensive expertise in cloud communication platforms and a dedication to delivering top-tier solutions, Crexendo is poised to amplify the Alliance's collective impact," said Rob Kurver, Founding Partner at the CPaaS Acceleration Alliance.
"We are looking forward to joining the CPaaS Acceleration Alliance to push the boundaries of cloud communication innovation," said Crexendo CEO Jeff Korn. "This partnership underscores our commitment to delivering cutting-edge CPaaS solutions, further empowering businesses with seamless and efficient communication tools."
Korn continued: "Crexendo's membership in the CPaaS Acceleration Alliance reflects its dedication to shaping the future of cloud communication solutions and emphasizes its position as an industry leader. The company looks forward to contributing to the Alliance's collective mission and driving impactful advancements in CPaaS technology."
The CPaaS Acceleration Alliance serves as a hub for fostering collaboration, innovation and best practices in the CPaaS sector. By bringing together forward-looking companies like Crexendo, the Alliance aims to set new benchmarks for excellence in the communication technology realm.
For more information about Crexendo's innovative NetSapiens® CPaaS solution, please visit www.netsapiens.com/cpaas/.
III...($4.63) Approx 4% yield...Looks like a good stock to diversify some funds into if you're looking for a decent dividend paying stock. The company is Info Services Group (ISG) and they help their clients transform to digital technology through automation, cloud, AI, and data analytics.
Latest Earnings Report...
https://finance.yahoo.com/news/information-services-group-announces-second-201500534.html
Latest cc transcript...
https://seekingalpha.com/article/4624058-information-services-group-inc-iii-q2-2023-earnings-call-transcript
Notes from Q2 2023 cc...
- Recurring revenues continues to be robust. For the first half, recurring revenues reached $65 million or 42% of firm-wide revenue.
- Aiming to expand adjusted EBITDA margin of further 200 basis points from the end of 2022 to approximately 17% and accelerate the growth of recurring revenues to $150 million after surpassing previous target of $100 million last year.
- Raised cash dividend by 12.5% earlier this year.
- Now has approx $29 million earmark for share repurchases. (Purchased $2.9 million of shares in Q2).
- Beyond dividends and share buybacks, our disciplined capital allocation strategy includes reinvesting in our business, reducing debt, and supplementing our organic growth, which strategic acquisitions to drive long-term shareholder value. On that last point, we continue to actively look at acquisition targets and explore avenues to unlock the value of our automation unit.
- So far this year, we have served 660 clients including more than 100 new clients at the halfway mark.
- For the third quarter, we are targeting revenues in between $73 million and $75 million, up 9% at the top end and consistent with our high single digit growth objective and adjusted EBITDA between $10.5 million and $11.5 million. The highest quarterly guidance range we have ever given.
- The balance sheet continues to have the strength and flexibility to support business over the long-term.
- RE: AI...Enterprises right now are starting what is likely to be a decade long kind of transformation similar to what cloud was 10 years ago.
So think about it in that regard. The through line here is speed allowing more to be done in kind of less time and this puts ISG right in the center of kind of advising our clients on how to harness AI.
We are doing that. Right now, we have a number of use cases. We're tracking offerings from the providers so that we can ensure our clients can best navigate.
We are creating an ecosystem there. And I think this is especially important because with AI there are some kind of treacherous elements that can damage an enterprise brand if it's not handled with expertise.
Here's the 1yr chart. May be a good place to start accumulating and adding on dips...
LOLOL...😂
CSPI...Thanks hweb...The float is so tight on this one right now I wouldn't chance shorting, especially with JN adding @ these prices. We'll see what happens but I'm holding all I have for now.
CSPI...Is that the $20's I see????..YEEEEEEHAW...ALL-TIME HIGH!!!
CXDO...Informative new presentation available...
https://www.crexendo.com/why-crexendo/for-investors/#elementor-action%3Aaction%3Dpopup%3Aopen%26settings%3DeyJpZCI6IjIxNjgzIiwidG9nZ2xlIjpmYWxzZX0%3D
CXDO...Correction...It is an approx 17% jump in total user base this year. Could get to 27% by Y/E (IMO).
Another 7% jump in share price so far on the back of today's news. NICE !!!
ZYNX... Zynex, Inc . (NASDAQ: ZYXI), an innovative medical technology company specializing in the manufacture and sale of non-invasive medical devices for pain management, rehabilitation, and patient monitoring, today announced that its board of directors approved a program to repurchase $10.0 million of the Company's common stock. The program will commence on September 13, 2023 , and is scheduled to terminate on September 12, 2024 , or when the $10.0 million limit is reached.
"We are focused on continuing to deliver strong returns for our shareholders, and continuing the repurchase program shows our confidence in the Company's outlook and future cash flow," said Thomas Sandgaard , Founder and CEO of Zynex . "Our consistent operating performance allows us an opportunity to invest in Zynex and return value to our shareholders simultaneously."
The Company may repurchase stock from time to time in open market and negotiated transactions, effective immediately through the next twelve months. These transactions will be made in compliance with the SEC's Rule 10b-18, subject to market conditions, available liquidity, cash flow, applicable legal requirements, and other factors. The specific prices, numbers of shares, and timing of purchase transactions will be determined by the Company from time to time in its sole discretion. This program does not obligate the Company to acquire any particular amount of common stock, and the program may be suspended or discontinued at any time, including in the event the Company would be deemed to be acquiring its shares under Rule 13e-3 of the Securities Exchange Act of 1934, as amended.
CXDO...Crexendo has seen approx 27% jump in total user base since the beginning of the year. NICE. All while cutting costs and increasing cross-selling oppportunities.
CXDO...Crexendo Surpasses 3.5M Users...Crexendo, Inc. (Nasdaq: CXDO) ("Crexendo" or the "Company"), an award-winning, premier platform and provider of cloud communication services, video collaboration and managed IT services, today announced that its cloud communication platform now supports over three and a half million end users* globally.
Crexendo continues to execute against its diversified growth strategy, including expanding user count through licensees, agents and partners; attracting enterprise and mid-sized accounts; targeting new markets and territories domestically and internationally; increasing the number of new reseller logos and platform upgrades; and developing and building out future product applications and partners.
"The growth that we have seen in our customer base is the direct result of internal and external initiatives that we have been diligently implementing," said Crexendo CEO Jeff Korn. "Our coordinated sales and marketing efforts, as well as continued improvements that we are making to our offerings, have resulted in higher quality end products that are meeting the needs of both new and existing customers. This rapid and ongoing expansion is validating our diversified growth strategy and is underscoring our belief that the UCaaS industry is still in its early days with a long runway ahead. We expect to continue taking share for the foreseeable future while delivering what we believe is the premier platform in our industry."
*Users are defined as UCaaS application user seats including individual user licenses as well as applications such as conference bridges, call queues, and SIP trunks.
CXDO...Up 10% today w/ 14k currently on the bid @ $2.04. Nice to see it back over $2 w/ a large bid. Hope it holds seeing how this is by far my #1 position. Something may be cooking but no news I can find.
GTEC...Limits and stops triggered today taking me down to holding approx 10% of my original position after today, WOW, what a ride. Even had a limit sell order trigger @ $5 this morning. Still like the company so going to look at buying back some shares.
Thanks again to everyone who discussed GTEC a few weeks back when it was in the $1.70's.