Company: CXDO
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001654954-25-012585
Chunk: 27

Company: Crexendo, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 in our loss-rate trends. We utilize a five-year lookback period to establish our estimate of expected credit losses, as our contractual terms range from three to five years. Based on that assessment, the allowance for credit losses as a percent of gross contract assets increased to 25.7% at September 30, 2025 from 23.8% at December 31, 2024. Transaction price allocated to the remaining performance obligations The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period (in thousands):   2025  2026  2027  2028  2029 and thereafter  Total Desktop devices $423  $-  $-  $-  $-  $423 Telecommunications services  7,994   21,377   14,688   9,531   4,980   58,570 Software Solutions  6,047   12,158   6,254   2,634   1,795   28,888 Total  14,464   33,535   20,942   12,165   6,775   87,881 All consideration from contracts with customers is included in the amounts presented above                        

3. Earnings Per Common Share Basic net income/(loss) per common share is computed by dividing the net income/(loss) for the period by the weighted-average number of common shares outstanding during the period. Diluted net income per common share is computed giving effect to all dilutive common stock equivalents, consisting of common stock options. The following table sets forth the computation of basic and diluted net income/(loss) per common share:   Three Months EndedSeptember 30,  Nine Months EndedSeptember 30,   2025  2024  2025  2024 Net income/(loss) (in thousands) (A) $1,450  $148  $3,853  $1,170                  Weighted-average share reconciliation:                Weighted-average basic shares outstanding (B)  30,397,144   26,848,644   29,292,516   26,610,130 Dilutive effect of stock-based awards