Company: CXDO
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001654954-25-005149
Chunk: 68

Company: Crexendo, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 2
Chunk 68
---
 the future, and EBITDA and Adjusted EBITDA do not reflect any cash requirements for such replacements; ·while share-based compensation is a component of operating expense, the impact on our financial statements compared to other companies can vary significantly due to such factors as the assumed life of the options and the assumed volatility of our common stock; and ·other companies may calculate EBITDA and Adjusted EBITDA differently than we do, limiting their usefulness as comparative measures.

We compensate for these limitations by relying primarily on our U.S. GAAP results and using Non-GAAP net income, EBITDA, and Adjusted EBITDA only as supplemental support for management’s analysis of business performance. Non-GAAP net income, EBITDA and Adjusted EBITDA are calculated as follows for the periods presented.

Reconciliation of Non-GAAP Financial Measures

In accordance with the requirements of Regulation G issued by the SEC, we are presenting the most directly comparable U.S. GAAP financial measures and reconciling the unaudited Non-GAAP financial metrics to the comparable U.S. GAAP measures.

Reconciliation of U.S. GAAP Net Income/(Loss) to Non-GAAP Net Income(Unaudited, in thousands, except for per share and share data)  Three Months EndedMarch 31,   2025  2024 U.S. GAAP net income/(loss) $1,171  $434 Share-based compensation  726   728 Amortization of intangible assets  706   760 Non-GAAP net income $2,603  $1,922          Non-GAAP earnings per common share:        Basic $0.09  $0.07 Diluted $0.08  $0.06          Weighted-average common shares outstanding:        Basic  28,024,280   26,314,903 Diluted  31,092,775   30,142,100 

Reconciliation of U.S. GAAP Net Income/(Loss) to EBITDA to Adjusted EBITDA(Unaudited, in thousands)  Three Months EndedMarch 31,   2025  2024 U.S. GAAP net income/(loss) $1,171  $434 Depreciation and amortization  771   840 Interest expense  9