Company: CXDO
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001654954-25-012585
Chunk: 58

Company: Crexendo, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 58
---
 net income, EBITDA, and Adjusted EBITDA only as supplemental support for management’s analysis of business performance. Non-GAAP net income, EBITDA and Adjusted EBITDA are calculated as follows for the periods presented.

Reconciliation of Non-GAAP Financial Measures

In accordance with the requirements of Regulation G issued by the SEC, we are presenting the most directly comparable U.S. GAAP financial measures and reconciling the unaudited Non-GAAP financial metrics to the comparable U.S. GAAP measures.

Reconciliation of U.S. GAAP Net Income/(Loss) to Non-GAAP Net Income

(Unaudited, in thousands, except for per share and share data)

  Three Months Ended September 30,  Nine Months Ended September 30,   2025  2024  2025  2024 U.S. GAAP net income/(loss) $1,450  $148  $3,853  $1,170 Share-based compensation and related taxes (1)  799   797   2,422   2,323 Amortization of intangible assets  785   755   2,292   2,273 Non-GAAP net income $3,034  $1,700  $8,567  $5,766                  Non-GAAP earnings per common share:                Basic $0.10  $0.06  $0.29  $0.22 Diluted $0.10  $0.06  $0.27  $0.19                  Weighted-average common shares outstanding:                Basic  30,397,144   26,848,644   29,292,516   26,610,130 Diluted  31,818,738   29,857,261   31,418,659   29,827,531 

Reconciliation of U.S. GAAP Net Income/(Loss) to EBITDA to Adjusted EBITDA

(Unaudited, in thousands)

  Three Months Ended September 30,  Nine Months Ended September 30,   2025  2024  2025  2024 U.S. GA