Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 552

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 3
Chunk 552
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, par value $0.001 per share - authorized 5,000,000 shares; none issued  -   - Common stock, par value $0.001 per share - authorized 50,000,000 shares, 27,621,557 shares issued and outstanding as of December 31, 2024 and 26,130,218 shares issued and outstanding as of December 31, 2023  28   26 Additional paid-in capital  138,015   132,888 Accumulated deficit  (86,790)  (88,467)Accumulated other comprehensive income  160   166 Total stockholders' equity  51,413   44,613          Total Liabilities and Stockholders' Equity $64,938  $56,160 

The accompanying notes are an integral part of the consolidated financial statements. 

 49Table of Contents

CREXENDO, INC. AND SUBSIDIARIES

Consolidated Statements of Operations

(In thousands, except per share and share data)

  Year Ended December 31,   2024  2023 Service revenue $31,849  $29,668 Software solutions revenue  23,374   18,047 Product revenue  5,615   5,484 Total revenue  60,838   53,199          Operating expenses:        Cost of service revenue  13,087   12,606 Cost of software solutions revenue  6,793   5,627 Cost of product revenue  3,215   3,331 Selling and marketing  16,538   14,671 General and administrative  13,829   13,793 Research and development  5,552   4,860 Total operating expenses  59,014   54,888          Income/(loss) from operations  1,824   (1,689)         Other income/(expense):        Interest income  191   2 Interest expense  (42)  (115)Gain on sale of property and equipment  -   1,459 Other income/(expense)1  (84)  79 Total other income/(expense), net  65   1,425          Income