Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 1030

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 7A
Chunk 1030
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) is our Chief Executive Officer, Jeffrey G. Korn.  The CODM uses segment income/(loss) from operations before income taxes for purposes of allocating resources and evaluating financial performance predominantly in the annual budget and forecasting process. The CODM considers budget-to-actual variances on a quarterly basis using the segment income/(loss) before taxes measure when making decisions about allocating capital and personnel to the segments. The CODM does not review assets in evaluating the results of the operating segments, and therefore, such information is not presented. Segment revenue, significant segment expenses, income/(loss) from operations, other income/(expense) and income/(loss) before income tax for the years ended December 31, 2024 and 2023 are as follows (in thousands):  Year Ended December 31, 2024 Cloud  Software    (In thousands) Telecommunications  Solutions  Total   Segment  Segment  Consolidated Service revenue $31,849  $-  $31,849 Software solutions revenue  -   23,374   23,374 Product revenue  5,615   -   5,615 Consolidated revenue  37,464   23,374   60,838              Less: significant and other segment expenses            Employee expenses  16,173   11,038   27,211 Commissions  5,151   996   6,147 Contractor expense  1,722   1,674   3,396 Depreciation and amortization  1,402   1,928   3,330 Other segment items(1)  12,762   6,168   18,930 Total operating expense  37,210   21,804   59,014              Segment income/(loss) from operations  254   1,570   1,824              Less: other segment income/(expense)            Interest income  191   -   191 Interest expense  (42)  -   (42)Other income/(expense)  10   (94)  (84)             Income/(loss) before income tax $413  $1,476  $1,889              Income