Company: CXDO
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001654954-25-005149
Chunk: 44

Company: Crexendo, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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 other financial information included elsewhere in this Form 10-Q. 

Results of Consolidated Operations (in thousands, except for per share amounts):

  Three Months EndedMarch 31,   2025  2024 Service revenue $8,182  $7,845 Software solutions revenue  6,868   5,146 Product revenue  1,007   1,295 Total revenue $16,057  $14,286 Income/(loss) before income tax  1,215   461 Income tax benefit/(provision)  (44)  (27)Net income/(loss)  1,171   434 Basic earnings per share $0.04  $0.02 Diluted earnings per share $0.04  $0.01 

 31Table of Contents

Three months ended March 31, 2025 compared to three months ended March 31, 2024

Total Revenue

Total revenue consists of service revenue, software solutions revenue and product revenue. The following table reflects our total revenue for the three months ended March 31, 2025, compared to the three months ended March 31, 2024:

  Three Months Ended March 31,   2025  2024  DollarChange  PercentChange Total revenue $16,057  $14,286  $1,771   12%

The increase in total revenue is due to an increase in software solutions revenue of $1,722 and an increase in service revenue of $337, offset by a decrease in product revenue of $288.

Income/(loss) Before Income Tax

The following table reflects our income/(loss) before income tax for the three months ended March 31, 2025, compared to the three months ended March 31, 2024:

  Three Months Ended March 31,   2025  2024  DollarChange  PercentChange Income/(loss) before income tax $1,215  $461  $754   164%

The increase in income before income taxes is primarily related to an increase in revenue of $1,771 and an increase in other income of $87, offset by an increase in operating expenses of $1,104. The increase in revenue is related to organic growth from existing customers and new customers. The increase