Company: CXDO
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001654954-25-005149
Chunk: 75

Company: Crexendo, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 2
Chunk 75
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 compared to the three months ended March 31, 2024:

 37Table of Contents

  Three Months Ended March 31,   2025  2024  DollarChange  PercentChange Cost of software solutions revenue $1,490  $1,392  $98   7%

The increase in cost of software solutions revenue is primarily related to an increase in salaries, benefits, bonuses, and share-based compensation of $82 and an increase in software costs of $28, offset by a decrease in other cost of software solutions revenue of $12.

Selling and Marketing

Selling and marketing expenses consist primarily of sales and marketing salaries, benefits, bonuses, commissions, share-based compensation, travel expenses, lead generation services, trade shows, third-party marketing services, the production of marketing materials, annual user group meeting costs, and sales support software. The following table reflects our selling and marketing expenses for the three months ended March 31, 2025, compared to the three months ended March 31, 2024:

  Three Months Ended March 31,   2025  2024  DollarChange  PercentChange Selling and marketing $1,437  $1,231  $206   17%

The increase in selling and marketing expense is primarily related to an increase in commission expense of $176 directly related to the increase in revenue and an increase in marketing materials and trade shows of $78, offset by a decrease in sales support software of $16 and a decrease in other selling and marketing costs of $32.

General and Administrative

General and administrative expenses consist of salaries, benefits, bonuses and share-based compensation for executives and administrative personnel, amortization of trademark and trade name intangible assets, legal, rent, equipment, accounting and other professional services, consulting fees and other administrative corporate expenses. The following table reflects our general and administrative expenses for the three months ended March 31, 2025, compared to the three months ended March 31, 2024:

  Three Months Ended March 31,   2025  2024  DollarChange  PercentChange General and administrative $1,581  $1,138  $443   39%

The increase in general and administrative expenses is primarily related to an increase in salaries, benefits, bonuses, and share-based compensation of $338, an increase in professional service costs of $28,