Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 901

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 7
Chunk 901
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  (159)Vesting of restricted stock units  275,924   -   -   -   -   - Foreign currency translation adjustment, net of tax  -   -   -   (21)  -   (21)Issuance of common stock for exercise of stock options  183,521   -   241   -   -   241 Taxes paid on the net settlement of stock options and RSUs  -   -   (264)  -   -   (264)Dividends declared  -   -   (130)  -   -   (130)Net income/(loss)  -   -   -   -   (362)  (362)Balance, December 31, 2023  26,130,218  $26  $132,888  $166  $(88,467) $44,613 Share-based compensation  -   -   3,002   -   -   3,002 Vesting of restricted stock units  76,464   -   -   -   -   - Foreign currency translation adjustment, net of tax  -   -   -   (6)  -   (6)Issuance of common stock for exercise of stock options  1,414,875   2   2,368   -   -   2,370 Taxes paid on the net settlement of stock options and RSUs  -   -   (243)  -   -   (243)Net income/(loss)  -   -   -   -   1,677   1,677 Balance, December 31, 2024  27,621,557  $28  $138,015  $160  $(86,790) $51,413 

The accompanying notes are an integral part of the consolidated financial statements. 

 52Table of Contents

CREXENDO, INC. AND SUBSIDIARIES

Consolidated Statements of Cash Flows

(In thousands)  

  Year Ended December 31,   2024