Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 424

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 2
Chunk 424
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elling and marketing  1,231   1,150   1,245   1,348 General and administrative   1,138   1,200   1,417   1,518 Research and development  980   1,070   1,339   1,375 Total operating expenses  4,741   4,865   5,687   6,511 Income/(loss) from operations  405   460   173   532 Other income/(expense), net  (17)  (10)  (5)  (62)Income/(loss) before income tax  $388  $450  $168  $470 

  For the three months ended   March 31,  June 30,  September 30,  December 31,  Software Solutions 2023  2023  2023  2023 Software solutions revenue $4,108  $3,930  $4,691  $5,318 Operating expenses:                Cost of software solutions revenue  1,185   1,293   1,327   1,822 Selling and marketing  1,213   1,109   1,035   1,063 General and administrative   1,213   992   1,079   1,234 Research and development  892   847   959   990 Total operating expenses  4,503   4,241   4,400   5,109 Income/(loss) from operations  (395)  (311)  291   209 Other income/(expense), net  55   22   (52)  41 Income/(loss) before income tax $(340) $(289) $239  $250 

 41Table of Contents

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

Software Solutions Revenue

Software solutions revenue consists primarily of software license fees, subscription maintenance and support, professional services, and annual user group meeting fees. Software licenses are billed by the number of concurrent sessions a customer has purchased or subscribes to. Subscription maintenance and support