Company: CXDO
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001654954-25-012585
Chunk: 25

Company: Crexendo, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 25
---
 maintenance and support subscriptions  -   14,551   14,551 Professional services and other  -   769   769   $28,742  $21,364  $50,106 Timing of revenue recognition            Products and fees recognized at a point in time $4,922  $6,813  $11,735 Services and fees transferred over time  23,820   14,551   38,371   $28,742  $21,364  $50,106 

 16Table of Contents

Nine Months Ended September 30, 2024 Cloud  Software  Total (In thousands) Telecommunications  Solutions  Reportable   Segment  Segment  Segments Major products/services lines         Desktop devices $4,402  $-  $4,402 Equipment financing revenue  487   -   487 Telecommunications services  20,128   -   20,128 Fees, commissions, and other, recognized over time  1,597   -   1,597 One time fees, commissions and other  1,653   -   1,653 Software licenses  -   3,559   3,559 Software license and maintenance and support subscriptions  -   11,940   11,940 Professional services and other  -   832   832   $28,267  $16,331  $44,598 Timing of revenue recognition            Products and fees recognized at a point in time $6,055  $4,391  $10,446 Services and fees transferred over time  22,212   11,940   34,152   $28,267  $16,331  $44,598  Contract balances The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers:   September 30,  December 31, (In thousands) 2025  2024 Receivables, which are included in trade receivables, net of allowance for credit losses $4,748  $4,352 Contract assets, net of allowance for credit losses  446