Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 875

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 7
Chunk 875
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 and share data)

  Three Months Ended December 31,  Year Ended December 31,   2024  2023  2024  2023   (In thousands)  (In thousands) U.S. GAAP net income/(loss) $507  $61  $1,677  $(362)Share-based compensation  709   737   3,002   3,849 Acquisition related expenses  -   -   -   1 Amortization of intangible assets  755   792   3,028   3,169 Non-GAAP net income $1,971  $1,590  $7,707  $6,657                  Non-GAAP earnings per common share:                Basic $0.07  $0.06  $0.29  $0.26 Diluted $0.06  $0.06  $0.26  $0.24                  Weighted-average common shares outstanding:                Basic  27,195,382   26,072,529   26,757,242   25,944,748 Diluted  30,547,245   28,314,527   30,019,359   27,792,813 

 33Table of Contents

Reconciliation of U.S. GAAP Net Income to EBITDA to Adjusted EBITDA

(Unaudited, in thousands)

  Three Months Ended December 31,  Year Ended December 31,   2024  2023  2024  2023   (In thousands)  (In thousands) U.S. GAAP net income/(loss) $507  $61  $1,677  $(362)Depreciation and amortization  826   878   3,331   3,573 Interest expense  11   4   42   115 Gain on sale of property and equipment  -   -   -   (1,459)Other, net  (4)  (44)  (107)  (81)Income tax provision  112   17   212