Company: CXDO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001654954-25-009071
Chunk: 8

Company: Crexendo, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 8
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 increase in salaries, benefits, bonuses, and share-based compensation of $679, an increase in commission expenses of $306, an increase in contract labor and outsourced engineering services of $172, an increase in software costs of $141, and an increase in other operating expenses of $46. The increase in other income/(expense) is primarily related to an increase in interest income of $73, an increase in other income of $64, and a decrease in interest expense of $5.

Income Tax Benefit/(Provision)

The following table reflects our income tax benefit/(provision) for the three months ended June 30, 2025, compared to the three months ended June 30, 2024:

  Three Months Ended June 30,   2025  2024  Dollar Change  Percent Change Income tax benefit/(provision) $(48) $(27) $21   78%

The increase in income tax provision is due to minimum state tax increases as a result of increased revenue.

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Six months ended June 30, 2025 compared to six months ended June 30, 2024

Total Revenue

Total revenue consists of service revenue, software solutions revenue and product revenue. The following table reflects our service revenue for the six months ended June 30, 2025, compared to the six months ended June 30, 2024:

  Six Months Ended June 30,   2025  2024  Dollar Change  Percent Change Total revenue $32,609  $28,971  $3,638   13%

The increase in total revenue is due to an increase in software solutions revenue of $3,372 and an increase in service revenue of $644, offset by a decrease in product revenue of $378.

Income/(Loss) Before Income Tax

The following table reflects our income/(loss) before income tax for the six months ended June 30, 2025, compared to the six months ended June 30, 2024:

  Six Months Ended June 30,   2025  2024  Dollar Change  Percent Change Income/(loss) before income tax $2,495  $1,076  $1,419   132%

The increase in income before income tax is primarily related to an increase in revenue of $3,638 and a net increase in other