Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 520

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 3
Chunk 520
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4 $6.29  $4.28 July to September 2024  5.45   3.01 April to June 2024  5.40   2.92 January to March 2024  7.59   4.18 Year Ended December 31, 2023        October to December 2023 $5.66  $1.54 July to September 2023  2.55   1.49 April to June 2023  2.01   1.24 January to March 2023  2.15   1.54 

SECURITY HOLDERS 

As of December 31, 2024, there were 148 shareholders of record of our common stock. The majority of the shares are held by DTC FAST, a nominee of The Depository Trust Company. This number of record holders does not include beneficial holders whose shares are held in “street name,” meaning that the shares are held for their accounts by brokers or other nominees. In these instances, the brokers or other nominees are included in the number of record holders, but the underlying beneficial holders of the common stock held in “street name” are not. 

DIVIDENDS

                Our Board of Directors declared the following dividends payable in 2024 and 2023 (in thousands):

Date Declared Record Date Dividend Per Share  Total Amount  Payment Date March 14, 2023 March 31, 2023 $0.005  $130  April 11, 2023 

The declaration of dividends is solely at the discretion of our Board of Directors, which may change or terminate our dividend practice at any time for any reason without prior notice. On March 14, 2023, our Board of Directors cancelled the quarterly dividends.

ISSUER PURCHASES OF EQUITY SEQURITIES

None

RECENT SALES OF UNREGISTERED SECURITIES

None

ITEM 6. SELECTED FINANCIAL DATA

Not required. 

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

SAFE HARBOR

In addition to historical information, this Annual Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 193