Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 669

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 4
Chunk 669
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  2023 Service revenue $31,849  $29,668 Software solutions revenue  23,374   18,047 Product revenue  5,615   5,484 Total revenue  60,838   53,199          Operating expenses:        Cost of service revenue  13,087   12,606 Cost of software solutions revenue  6,793   5,627 Cost of product revenue  3,215   3,331 Selling and marketing  16,538   14,671 General and administrative  13,829   13,793 Research and development  5,552   4,860 Total operating expenses  59,014   54,888          Income/(loss) from operations  1,824   (1,689)         Other income/(expense):        Interest income  191   2 Interest expense  (42)  (115)Gain on sale of property and equipment  -   1,459 Other income/(expense)1  (84)  79 Total other income/(expense), net  65   1,425          Income/(loss) before income tax  1,889   (264)         Income tax benefit/(provision)  (212)  (98)         Net income/(loss) $1,677  $(362)         Earnings per common share:        Basic $0.06  $(0.01)Diluted $0.06  $(0.01)         Weighted-average common shares outstanding:        Basic1  26,757,242   25,944,748 Diluted1  30,019,359   25,944,748 

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

 50Table of Contents

CREXENDO, INC. AND SUBSIDIARIES

Consolidated Statements of Comprehensive Income/(Loss)

(In thousands)

  Year Ended December 31,   2024  2023 Net income/(loss) $1,677  $(362)Other comprehensive income/(loss), net of tax        Foreign currency translation gain/(loss)  (6)  (