Company: CXDO
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001654954-25-005149
Chunk: 1

Company: Crexendo, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 of current portion  903   1,022 Total liabilities  12,227   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, 28,990,386 shares issued and outstanding as ofMarch 31, 2025 and 27,621,557 shares issued and outstanding as of December 31, 2024  29   28 Additional paid-in capital  140,639   138,015 Accumulated deficit  (85,619)  (86,790)Accumulated other comprehensive income  173   160 Total stockholders' equity  55,222   51,413          Total Liabilities and Stockholders' Equity $67,449  $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 March 31,   2025  2024 Service revenue $8,182  $7,845 Software solutions revenue  6,868   5,146 Product revenue  1,007   1,295 Total revenue  16,057   14,286          Operating expenses:        Cost of service revenue  3,487   3,109 Cost of software solutions revenue  1,490   1,392 Cost of product revenue  599   730 Selling and marketing  4,289   4,027 General and administrative  3,519   3,296 Research and development  1,523   1,249 Total operating expenses  14,907   13,803          Income/(loss) from operations  1,150   483          Other income/(expense):        Interest income  84   5 Interest expense  (9)  (13)Other income/(expense), net  (10)  (