Company: CXDO
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001654954-25-012585
Chunk: 6

Company: Crexendo, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 adjustment, net of tax  -   -   -   (14)  -   (14)Issuance of common stock for exercise of stock options  293,892   -   440   -   -   440 Taxes paid on the net settlement of stock options and RSUs  -   -   (74)  -   -   (74)Net income/(loss)  -   -       -   148   148 Balance, September 30, 2024  27,031,433  $27  $136,587  $152  $(87,297) $49,469 

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

 6Table of Contents

CREXENDO, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(Unaudited, in thousands)

  Nine Months Ended September 30,   2025  2024 CASH FLOWS FROM OPERATING ACTIVITIES      Net income/(loss) $3,853  $1,170 Adjustments to reconcile net income/(loss) to net cash provided by/(used for) operating activities:        Depreciation and amortization  2,466   2,505 Allowance for credit losses  (82)  8 Share-based compensation  2,254   2,293 Non-cash operating lease amortization  13   (12)Changes in assets and liabilities:        Trade receivables  (394)  (247)Contract assets  (67)  (35)Equipment financing receivables  (932)  (608)Inventories  (247)  (136)Contract costs  (591)  (867)Prepaid expenses  (596)  (819)Income tax receivable  (181)  (53)Other assets  (374)  (69)Accounts payable and accrued expenses  799   695 Income tax payable  3   (53)Contract liabilities  1,026   335 Net cash provided by/(used for) operating activities  6,950   4,107