Company: CXDO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001654954-25-009071
Chunk: 6

Company: Crexendo, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 6
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 has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our results as reported under GAAP. Some of these limitations are:

 ·Adjusted EBITDA does not consider any expenses for assets being depreciated and amortized that are necessary to our business; ·Adjusted EBITDA does not consider the impact of interest and other income/(expense), income taxes, share-based compensation and related taxes, and amortization of intangible assets; and ·Other companies, including companies in our industry, may calculate diluted EBITDA differently, which reduces its usefulness as a comparative measure.

Because of these limitations, Adjusted EBITDA should be considered alongside other financial performance measures, including net income/(loss) and our other GAAP results. 

Our key business metrics for the periods ended June 30, 2025 and June 30, 2024, were as follows (in thousands, except for percentages):

  As of June 30, 2025  As of June 30, 2024   Cloud Telecommunications Services  Software Solutions  Consolidated  Cloud Telecommunications Services  Software Solutions  Consolidated Annualized exit recurring revenue $34,185  $19,689  $53,874  $31,464  $15,850  $47,314 Net dollar subscription retention rate  99%  101%  100%  99%  101%  99%Adjusted EBITDA  958   1,826   2,784   1,000   1,204   2,204 

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. 

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

  Three Months Ended June 30,  Six Months Ended June 30,   2025  2024  2025  2024 Service revenue $8,374  $8,067  $16,556  $15,912 Software solutions revenue  6,975   5,325   13,843   10,471 Product revenue  1,203