Company: CXDO
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001654954-25-012585
Chunk: 1

Company: Crexendo, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 lease liabilities, net of current portion  655   1,022 Total liabilities  14,613   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, 30,701,950        shares issued and outstanding as of September 30, 2025 and 27,621,557 shares issued        and outstanding as of December 31, 2024  31   28 Additional paid-in capital  144,063   138,015 Accumulated deficit  (82,937)  (86,790)Accumulated other comprehensive income  187   160 Total stockholders' equity  61,344   51,413          Total Liabilities and Stockholders' Equity $75,957  $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 September 30,  Nine Months Ended September 30,   2025  2024  2025  2024 Service revenue $8,607  $7,953  $25,163  $23,865 Software solutions revenue  7,521   5,860   21,364   16,331 Product revenue  1,369   1,814   3,579   4,402 Total revenue  17,497   15,627   50,106   44,598                  Operating expenses:                Cost of service revenue  3,664   3,336   10,707   9,691 Cost of software solutions revenue  1,924   1,686   5,227   4,523 Cost of product revenue  888   1,081   2,174   2,507 Selling and marketing  4,522   4,221