Company: CXDO
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001654954-25-012585
Chunk: 93

Company: Crexendo, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 93
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   4,402 Total revenue $9,976  $9,767  $28,742  $28,267 Operating expenses:                Cost of service revenue $3,664  $3,336  $10,707  $9,691 Cost of product revenue  888   1,081   2,174   2,507 Selling and marketing  3,215   2,976   9,148   8,580 General and administrative  1,928   2,278   5,824   6,668 Research and development  122   134   369   661 Total operating expenses  9,817   9,805   28,222   28,107 Operating income/(loss)  159   (38)  520   160 Other income/(expense), net  194   64   398   104 Income/(loss) before income tax  $353  $26  $918  $264 

Three months ended September 30, 2025 compared to three months ended September 30, 2024

Service Revenue

Cloud telecommunications service revenue consists primarily of fees collected for cloud telecommunications services, professional services, interest from sales-type leases, reselling broadband Internet services, managed IT service, and administrative fees. The following table reflects our service revenue for the three months ended September 30, 2025, compared to the three months ended September 30, 2024:

  Three Months Ended September 30,   2025  2024  Dollar Change  Percent Change Service revenue $8,607  $7,953  $654   8%

The increase in service revenue is due to an increase in telecommunications services fees of $560, an increase in fees, commissions, and other, recognized over time of $50, an increase in sales-type lease interest of $40, and an increase in one-time fees, commissions and other of $4.

Product Revenue

Product revenue consists primarily of fees collected from the sale of desktop phone devices, third-party equipment, and device as a service. The following table reflects our product revenue for the three months ended September 30, 2025, compared to the three months ended September 30, 2024: