Company: CXDO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001654954-25-009071
Chunk: 24

Company: Crexendo, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 24
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Other income/(expense) primarily relates to interest expense, net foreign exchange gains or losses, and other income and expenses. The following table reflects our other expense for the three months ended June 30, 2025, compared to the three months ended June 30, 2024:

  Three Months Ended June 30,    2025  2024  Dollar Change  Percent Change Other income/(expense), net $54  $(10) $64   640%

The change in other income/(expense) is primarily related to a increase in other income of $13 and an increase in foreign exchange gains/(losses) of $51.

Six months ended June 30, 2025 compared to six months ended June 30, 2024

Software Solutions Revenue

Software solutions revenue consists primarily of software license fees, subscription maintenance and support, professional services, and annual user group meeting fees. Software licenses are billed by the number of concurrent sessions a customer has purchased or subscribes to. Subscription maintenance and support is ongoing and provides for software updates and improvements, support for add-on modules, bug fixes, and other general maintenance items. Professional services and other revenues consist of professional services such as the installation of software and integration of other modules, training and implementation as well as custom mobile branding. The following table reflects our service revenue for the six months ended June 30, 2025, compared to the six months ended June 30, 2024:

  Six Months Ended June 30,   2025  2024  Dollar Change  Percent Change Software solutions revenue $13,843  $10,471  $3,372   32%

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The increase in software solutions revenue is primarily related to an increase in in perpetual software license revenue of $1,880, an increase in recurring software license and maintenance and support subscriptions of $1,571, offset by a decrease in professional services and other revenue of $79.

Remaining Performance Obligations 

Remaining Performance Obligations (RPOs) represents the total contract value of all contracts signed, less revenue recognized from those contracts as of June 30, 2025 and 2024. RPO’s increased 39%, or $7,599 to $27,077 as of June 30, 2025 as compared to $19,478 as of June 30, 2024. Below is a