Company: CXDO
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001654954-25-005149
Chunk: 65

Company: Crexendo, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 2
Chunk 65
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 levels of flexibility, making the solution competitive with the market’s leading players. SNAPsolution includes a full suite of Voice over Internet Protocol (VoIP)/UC features with one low cost universal license, as opposed to pricing each feature individually. The Company licenses its platform based on concurrent sessions, not per seat/per feature. This allows service providers to oversubscribe their networks, driving down the cost per seat as volume increases. As the service provider increases their customer base, they only have to ensure they have sufficient concurrent call licenses to support users across the network. ·SNAPaccel – a Software-as-a-Service ("SaaS") based software license referred to as subscription arrangements. ·Subscription Maintenance and Support - The Company also sells separately-priced maintenance service contracts, which qualify as service-type warranties and represent separate performance obligations and customer support. Customer support includes software updates on a when-and-if-available basis, telephone support, integrated web-based support and bug fixes or patches. ·Professional Services and Other - The Company's professional services include consulting, technical support, resident engineer services, design services and installation services.

RESULTS OF OPERATIONS

The following discussion of financial condition and results of operations should be read in conjunction with our condensed consolidated financial statements and notes thereto and other financial information included elsewhere in this Form 10-Q. 

Results of Consolidated Operations (in thousands, except for per share amounts):

  Three Months EndedMarch 31,   2025  2024 Service revenue $8,182  $7,845 Software solutions revenue  6,868   5,146 Product revenue  1,007   1,295 Total revenue $16,057  $14,286 Income/(loss) before income tax  1,215   461 Income tax benefit/(provision)  (44)  (27)Net income/(loss)  1,171   434 Basic earnings per share $0.04  $0.02 Diluted earnings per share $0.04  $0.01 

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Three months ended March 31, 2025 compared to three months ended March 31, 2024

Total Revenue

Total revenue consists of service revenue, software solutions revenue and product revenue. The following table reflects our total revenue for the three months ended March 31, 2025, compared to the three months ended March 31,