Company: CXDO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001654954-25-009071
Chunk: 110

Company: Crexendo, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 110
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   2,050 Total operating expenses  6,052   4,865   11,951   9,606 Operating income/(loss)  923   460   1,892   865 Other income/(expense), net  54   (10)  38   (27)Income/(loss) before income tax $977  $450  $1,930  $838 

 44Table of Contents

Three months ended June 30, 2025 compared to three months ended June 30, 2024

Software Solutions Revenue

Software solutions revenue consists primarily of software license fees, subscription maintenance and support, professional services, and annual user group meeting fees. Software licenses are billed by the number of concurrent sessions a customer has purchased or subscribes to. Subscription maintenance and support is ongoing and provides for software updates and improvements, support for add-on modules, bug fixes, and other general maintenance items. Professional services and other revenues consist of professional services such as the installation of software and integration of other modules, training and implementation as well as custom mobile branding. The following table reflects our service revenue for the three months ended June 30, 2025, compared to the three months ended June 30, 2024:

  Three Months Ended June 30,   2025  2024  Dollar Change  Percent Change Software solutions revenue $6,975  $5,325  $1,650   31%

The increase in software solutions revenue is primarily related to an increase in recurring software license and maintenance and support subscriptions of $895 and an increase in in perpetual software license revenue of $816, offset by a decrease in professional services and other revenue of $61.

Remaining Performance Obligations 

Remaining Performance Obligations (RPOs) represents the total contract value of all contracts signed, less revenue recognized from those contracts as of June 30, 2025 and 2024. RPO’s increased 39%, or $7,599 to $27,077 as of June 30, 2025 as compared to $19,478 as of June 30, 2024. Below is a table which displays the software solutions segment revenue remaining performance obligations as of April 1, 2025 and 2024, and June 30, 2025 and 2024, which we expect to recognize as revenue within the next thirty