Company: CXDO
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001654954-25-005149
Chunk: 47

Company: Crexendo, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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 per share and share data)  Three Months EndedMarch 31,   2025  2024 U.S. GAAP net income/(loss) $1,171  $434 Share-based compensation  726   728 Amortization of intangible assets  706   760 Non-GAAP net income $2,603  $1,922          Non-GAAP earnings per common share:        Basic $0.09  $0.07 Diluted $0.08  $0.06          Weighted-average common shares outstanding:        Basic  28,024,280   26,314,903 Diluted  31,092,775   30,142,100 

Reconciliation of U.S. GAAP Net Income/(Loss) to EBITDA to Adjusted EBITDA(Unaudited, in thousands)  Three Months EndedMarch 31,   2025  2024 U.S. GAAP net income/(loss) $1,171  $434 Depreciation and amortization  771   840 Interest expense  9   13 Other, net  (74)  9 Income tax provision  44   27 EBITDA  1,921   1,323 Share-based compensation  726   728 Adjusted EBITDA $2,647  $2,051 

 33Table of Contents

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

In preparing our financial statements, we make estimates, assumptions and judgments that can have a significant impact on our revenue, operating income or loss and net income or loss, as well as on the value of certain assets and liabilities on our balance sheet.  Please see Note 1 of Part I, Item 1 of this quarterly report on Form 10-Q for a summary of significant accounting policies. In addition, the estimates, assumptions and judgments involved in our accounting policies described in critical accounting policies and estimates are disclosed in our Annual Report on Form 10-K for the year ended December 31, 2024.

Segment Operating Results 

The Company has two operating segments, which consist of Cloud Telecommunications Services and Software Solutions. The information below is organized in accordance with our two reportable segments. Segment operating income is equal to segment net revenue less segment