Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 887

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 7
Chunk 887
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 ended December 31, 2023:

  Year Ended December 31,   2024  2023  Dollar Change  Percent Change Other income/(expense), net $159  $1,359  $(1,200)  -88%

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The change in other income/(expense) is primarily from the gain on sale of our corporate office building reported during the year ended December 31, 2023 of $1,459 and a decrease in other income of $3, offset by an increase in interest income of $189 and a decrease in interest expense of $73.

Operating Results of our Software Solutions Segment (in thousands):

Software Solutions 2024  2023 Software solutions revenue $23,374  $18,047 Operating expenses:        Cost of software solutions revenue  6,793   5,627 Selling and marketing  4,974   4,420 General and administrative  5,273   4,518 Research and development  4,764   3,688 Total operating expenses  21,804   18,253 Income/(loss) from operations  1,570   (206)Other income/(expense), net  (94)  66 Income/(loss) before income tax $1,476  $(140)

Quarterly Financial Information

  For the three months ended   March 31,  June 30,  September 30,  December 31,  Software Solutions 2024  2024  2024  2024 Software solutions revenue $5,146  $5,325  $5,860  $7,043 Operating expenses:                Cost of software solutions revenue  1,392   1,445   1,686   2,270 Selling and marketing  1,231   1,150   1,245   1,348 General and administrative   1,138   1,200   1,417   1,518 Research and development  980   1,070   1,339   1,375 Total operating expenses  4,741   4,865   5,687   6,511 Income