Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 419

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 2
Chunk 419
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232   2,278   1,888 Research and development  269   258   134   127 Total operating expenses  9,062   9,240   9,805   9,103 Income/(loss) from operations  78   120   (38)  94 Other income/(expense), net  (5)  45   64   55 Income/(loss) before income tax $73  $165  $26  $149 

  For the three months ended   March 31,  June 30,  September 30,  December 31,  Cloud Telecommunications Services 2023  2023  2023  2023 Service revenue $7,158  $7,308  $7,517  $7,685 Product revenue  1,225   1,432   1,666   1,161 Total revenue  8,383   8,740   9,183   8,846 Operating expenses:                Cost of service revenue  3,044   3,095   3,173   3,294 Cost of product revenue  839   881   923   688 Selling and marketing  2,596   2,504   2,467   2,684 General and administrative   2,784   2,175   2,230   2,086 Research and development  299   291   317   265 Total operating expenses  9,562   8,946   9,110   9,017 Income/(loss) from operations  (1,179)  (206)  73   (171)Other income/(expense)  (39)  (26)  1,425   (1)Income/(loss) before income tax $(1,218) $(232) $1,498  $(172)

Year Ended December 31, 2024 Compared to Year Ended December 31, 2023

Service Revenue

Cloud telecommunications service revenue consists primarily of fees collected for cloud telecommunications services, professional services, interest from sales-type leases, reselling broadband