Company: CXDO
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001654954-25-012585
Chunk: 88

Company: Crexendo, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 88
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 primarily related to increase in contract labor and outsourced engineering services of $298, an increase in commission expenses of $250, and an increase in third-party telecommunication charges of $163, offset by a decrease in other operating expenses of $11. The increase in other income/(expense) is primarily related to an increase in interest income of $130, offset by a decrease in other income/(expense) of $1.

Income Tax Benefit/(Provision)

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

  Three Months Ended September 30,   2025  2024  Dollar Change  Percent Change Income tax benefit/(provision) $(43) $(46) $3   7%

The decrease in income tax provision is due to the quarterly impact of the tax provision adjustment.          

Nine months ended September 30, 2025 compared to nine months ended September 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 nine months ended September 30, 2025, compared to the nine months ended September 30, 2024:

  Nine Months Ended September 30,   2025  2024  Dollar Change  Percent Change Total revenue $50,106  $44,598  $5,508   12%

The increase in total revenue is due to an increase in software solutions revenue of $5,033 and an increase in service revenue of $1,260, offset by a decrease in product revenue of $785.

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Income/(Loss) Before Income Tax

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

  Nine Months Ended September 30,   2025  2024  Dollar Change  Percent Change Income/(loss) before income tax $3,988  $1,270  $2,718   214%

The increase in income/(loss) before income tax is primarily related to an increase in revenue of $5,508 and an increase in other income/(expense) of $358,