Company: CXDO
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001654954-25-005149
Chunk: 53

Company: Crexendo, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 53
---
 $27,266 as of March 31, 2025, as compared to $19,295 as of March 31, 2024. Below is a table which displays the Software solutions segment remaining performance obligations as of January 1, 2025 and 2024, and March 31, 2025 and 2024, which we expect to recognize as revenue within the next thirty-six to sixty-months (in thousands):

Software solutions RPOs as of January 1, 2025 $30,262 Software solutions RPOs as of March 31, 2025 $27,266      Software solutions RPOs as of January 1, 2024 $19,122 Software solutions RPOs as of March 31, 2024 $19,295 

Cost of Software Solutions Revenue

Cost of software solutions revenue consists primarily of salaries, benefits, bonuses, and share-based compensation, amortization expense for developed technologies intangible assets, cost of data center hosting, third-party software, annual user group meeting costs, and outsourced services required to install and support software solutions. The following table reflects our cost of service revenue for the three months ended March 31, 2025, compared to the three months ended March 31, 2024:

 37Table of Contents

  Three Months Ended March 31,   2025  2024  DollarChange  PercentChange Cost of software solutions revenue $1,490  $1,392  $98   7%

The increase in cost of software solutions revenue is primarily related to an increase in salaries, benefits, bonuses, and share-based compensation of $82 and an increase in software costs of $28, offset by a decrease in other cost of software solutions revenue of $12.

Selling and Marketing

Selling and marketing expenses consist primarily of sales and marketing salaries, benefits, bonuses, commissions, share-based compensation, travel expenses, lead generation services, trade shows, third-party marketing services, the production of marketing materials, annual user group meeting costs, and sales support software. The following table reflects our selling and marketing expenses 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 Selling and marketing $