Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 827

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 5
Chunk 827
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 specified guidelines. For the years ended December 31, 2024 and 2023, we contributed approximately $538 and $517, respectively to the retirement savings plan.

19. Segments The Company has two reportable operating segments, which consist of cloud telecommunications services and software solutions and uses segment income/(loss) from operations to assess performance against forecasted results and allocate resources to its segments. Segment income/(loss) from operations is determined on the same basis as consolidated income/(loss) from operations presented in the Company’s consolidated statements of operations. The cloud telecommunications services segment generates revenue from selling cloud telecommunication services, products, and other internet services. The software solutions segment generates revenue from selling perpetual software licenses and software subscriptions, subscription maintenance and support, and professional services.  Our chief operating decision maker (CODM) is our Chief Executive Officer, Jeffrey G. Korn.  The CODM uses segment income/(loss) from operations before income taxes for purposes of allocating resources and evaluating financial performance predominantly in the annual budget and forecasting process. The CODM considers budget-to-actual variances on a quarterly basis using the segment income/(loss) before taxes measure when making decisions about allocating capital and personnel to the segments. The CODM does not review assets in evaluating the results of the operating segments, and therefore, such information is not presented. Segment revenue, significant segment expenses, income/(loss) from operations, other income/(expense) and income/(loss) before income tax for the years ended December 31, 2024 and 2023 are as follows (in thousands):  Year Ended December 31, 2024 Cloud  Software    (In thousands) Telecommunications  Solutions  Total   Segment  Segment  Consolidated Service revenue $31,849  $-  $31,849 Software solutions revenue  -   23,374   23,374 Product revenue  5,615   -   5,615 Consolidated revenue  37,464   23,374   60,838              Less: significant and other segment expenses            Employee expenses  16,173   11,038   27,211 Commissions  5,151   996   6,147 Contractor expense  1,722   1,674   3,396 Depreciation and amortization  1