Company: CXDO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001654954-25-009071
Chunk: 44

Company: Crexendo, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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 liabilities, net of current portion  780   1,022 Total liabilities  13,062   13,525          Stockholders' equity:        Preferred stock, par value $0.001 per share - authorized 5,000,000 shares; none issued  —   — Common stock, par value $0.001 per share - authorized 50,000,000 shares, 30,160,217 shares issued and outstanding as of June 30, 2025 and 27,621,557 shares issued and outstanding as of December 31, 2024  30   28 Additional paid-in capital  142,452   138,015 Accumulated deficit  (84,387)  (86,790)Accumulated other comprehensive income  206   160 Total stockholders' equity  58,301   51,413          Total Liabilities and Stockholders' Equity $71,363  $64,938 

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

 3Table of Contents

CREXENDO, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Operations

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

  Three Months Ended June 30,  Six Months Ended June 30,   2025  2024  2025  2024 Service revenue $8,374  $8,067  $16,556  $15,912 Software solutions revenue  6,975   5,325   13,843   10,471 Product revenue  1,203   1,293   2,210   2,588 Total revenue  16,552   14,685   32,609   28,971                  Operating expenses:                Cost of service revenue  3,556   3,246   7,043   6,355 Cost of software solutions revenue  1,813   1,445   3,303   2,837 Cost of product revenue  687   696   1,286   1,426 Selling and marketing  4,371   3,958   8,660   7