Crexendo Announces Strong Second Quarter 2025 Results
Crexendo (NASDAQ:CXDO) reported strong Q2 2025 financial results, with total revenue increasing 13% year-over-year to $16.6 million. The company's software solutions segment showed impressive growth of 31%, reaching $7.0 million. GAAP net income doubled to $1.2 million ($0.04 per share) from $0.6 million in Q2 2024.
The cloud communication platform provider maintained profitability for the eighth consecutive quarter of GAAP profitability and 27th consecutive quarter of Non-GAAP net income. Non-GAAP net income reached $2.9 million ($0.10 per basic share), while Adjusted EBITDA improved to $2.8 million. The company's cash position strengthened to $23.5 million, up from $18.2 million at the end of 2024.
Crexendo (NASDAQ:CXDO) ha riportato solidi risultati finanziari nel secondo trimestre del 2025, con un fatturato totale in crescita del 13% su base annua, raggiungendo i 16,6 milioni di dollari. Il segmento delle soluzioni software dell'azienda ha registrato una crescita notevole del 31%, arrivando a 7,0 milioni di dollari. L'utile netto GAAP è raddoppiato, passando da 0,6 milioni di dollari nel secondo trimestre 2024 a 1,2 milioni di dollari (0,04 dollari per azione).
Il fornitore di piattaforme di comunicazione cloud ha mantenuto la redditività per l'ottavo trimestre consecutivo secondo i principi contabili GAAP e per il ventisettesimo trimestre consecutivo secondo i criteri Non-GAAP. L'utile netto Non-GAAP ha raggiunto 2,9 milioni di dollari (0,10 dollari per azione base), mentre l'EBITDA rettificato è migliorato a 2,8 milioni di dollari. La posizione di cassa dell'azienda si è rafforzata, salendo a 23,5 milioni di dollari, rispetto ai 18,2 milioni di fine 2024.
Crexendo (NASDAQ:CXDO) reportó sólidos resultados financieros en el segundo trimestre de 2025, con ingresos totales que aumentaron un 13% interanual hasta 16.6 millones de dólares. El segmento de soluciones de software de la compañía mostró un crecimiento impresionante del 31%, alcanzando los 7.0 millones de dólares. La utilidad neta GAAP se duplicó a 1.2 millones de dólares (0.04 dólares por acción) desde 0.6 millones en el segundo trimestre de 2024.
El proveedor de plataformas de comunicación en la nube mantuvo la rentabilidad por el octavo trimestre consecutivo bajo GAAP y por el vigésimo séptimo trimestre consecutivo bajo Non-GAAP. La utilidad neta Non-GAAP alcanzó 2.9 millones de dólares (0.10 dólares por acción básica), mientras que el EBITDA ajustado mejoró a 2.8 millones de dólares. La posición de efectivo de la compañía se fortaleció a 23.5 millones de dólares, desde 18.2 millones al final de 2024.
Crexendo (NASDAQ:CXDO)는 2025년 2분기 강력한 재무 실적을 발표했으며, 총 수익은 전년 대비 13% 증가한 1,660만 달러를 기록했습니다. 회사의 소프트웨어 솔루션 부문은 31%의 인상적인 성장을 보이며 700만 달러에 도달했습니다. GAAP 기준 순이익은 2024년 2분기의 60만 달러에서 두 배로 증가한 120만 달러(주당 0.04달러)를 기록했습니다.
클라우드 통신 플랫폼 제공업체는 GAAP 기준으로 8분기 연속 흑자를 유지했으며, Non-GAAP 기준으로는 27분기 연속 순이익을 기록했습니다. Non-GAAP 순이익은 290만 달러(기본 주당 0.10달러)에 달했으며, 조정 EBITDA는 280만 달러로 개선되었습니다. 회사의 현금 보유액은 2024년 말 1,820만 달러에서 2,350만 달러로 증가했습니다.
Crexendo (NASDAQ:CXDO) a annoncé de solides résultats financiers pour le deuxième trimestre 2025, avec un chiffre d'affaires total en hausse de 13 % en glissement annuel, atteignant 16,6 millions de dollars. Le segment des solutions logicielles de l'entreprise a affiché une croissance impressionnante de 31 %, atteignant 7,0 millions de dollars. Le bénéfice net selon les normes GAAP a doublé, passant de 0,6 million de dollars au deuxième trimestre 2024 à 1,2 million de dollars (0,04 dollar par action).
Le fournisseur de plateforme de communication cloud a maintenu sa rentabilité pour le huitième trimestre consécutif selon les normes GAAP et pour le vingt-septième trimestre consécutif selon les normes Non-GAAP. Le bénéfice net Non-GAAP a atteint 2,9 millions de dollars (0,10 dollar par action de base), tandis que l'EBITDA ajusté s'est amélioré à 2,8 millions de dollars. La trésorerie de l'entreprise s'est renforcée, passant à 23,5 millions de dollars, contre 18,2 millions à la fin de 2024.
Crexendo (NASDAQ:CXDO) meldete starke Finanzergebnisse für das zweite Quartal 2025, mit einem Gesamtumsatz, der um 13 % im Jahresvergleich auf 16,6 Millionen US-Dollar anstieg. Das Softwarelösungssegment des Unternehmens verzeichnete ein beeindruckendes Wachstum von 31 % und erreichte 7,0 Millionen US-Dollar. Der GAAP-Nettogewinn verdoppelte sich von 0,6 Millionen US-Dollar im zweiten Quartal 2024 auf 1,2 Millionen US-Dollar (0,04 US-Dollar je Aktie).
Der Anbieter von Cloud-Kommunikationsplattformen hielt die Profitabilität für das achte Quartal in Folge nach GAAP und das 27. Quartal in Folge nach Non-GAAP aufrecht. Der Non-GAAP-Nettogewinn erreichte 2,9 Millionen US-Dollar (0,10 US-Dollar je Stammaktie), während das bereinigte EBITDA auf 2,8 Millionen US-Dollar anstieg. Die Barposition des Unternehmens verstärkte sich auf 23,5 Millionen US-Dollar, gegenüber 18,2 Millionen US-Dollar Ende 2024.
- Total revenue grew 13% YoY to $16.6 million
- Software solutions revenue increased significantly by 31% to $7.0 million
- GAAP net income doubled to $1.2 million from $0.6 million YoY
- Strong cash position of $23.5 million, up from $18.2 million in December 2024
- 27 consecutive quarters of Non-GAAP net income
- Adjusted EBITDA improved to $2.8 million from $2.2 million YoY
- Product revenue declined 7% to $1.2 million
- Operating expenses increased 10% to $15.4 million
- Service revenue growth was modest at 4%
Insights
Crexendo shows strong Q2 with 13% revenue growth, driven by 31% software solutions surge, maintaining profitability streak with improved margins.
Crexendo's Q2 2025 results demonstrate solid momentum with total revenue increasing 13% year-over-year to
Profitability metrics show encouraging trends. GAAP net income doubled to
Operating expenses increased
The company's cash position strengthened significantly to
Management's commentary indicates continued focus on infrastructure optimization (closing international data centers while expanding Oracle Cloud Infrastructure presence), which should yield cost efficiencies. The emphasis on "profitable growth" rather than growth at any cost aligns with current investor preferences for sustainable business models.
Crexendo's eight consecutive quarters of GAAP profitability and 27 consecutive quarters of non-GAAP profitability demonstrate consistent execution and operational discipline. The company appears well-positioned in the cloud communication and software solutions space, with solid financial fundamentals and a clear strategic direction focused on scaling its software platform and exploring AI applications while maintaining profitability.
PHOENIX, ARIZONA / ACCESS Newswire / August 5, 2025 / Crexendo, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform and services, video collaboration and managed IT services tailored to businesses of all sizes, today announced financial results for the second quarter ended June 30, 2025.
Second Quarter Financial highlights:
Total revenue increased
13% year-over-year to$16.6 million GAAP net income of
$1.2 million , or$0.04 per basic and diluted common share.Non-GAAP net income of
$2.9 million , or$0.10 per basic common share and$0.09 per diluted common share.
Financial Results for the Second Quarter of 2025
Total Revenue: Consolidated total revenue for the second quarter of 2025 increased
Service Revenue: Consolidated service revenue for the second quarter of 2025 increased
Software Solutions Revenue: Consolidated software solutions revenue for the second quarter of 2025 increased
Product Revenue: Consolidated product revenue for the second quarter of 2025 decreased
Operating Expenses: Consolidated operating expenses for the second quarter of 2025 increased
Net Income/(Loss): The Company reported net income of
Non-GAAP: Non-GAAP net income of
EBITDA and Adjusted EBITDA: EBITDA for the second quarter of 2025 of
Financial Results for the six months ended June 30, 2025
Total Revenue: Consolidated total revenue for the six months ended June 30, 2025 increased
Service Revenue: Consolidated service revenue for the six months ended June 30, 2025 increased
Software Solutions Revenue: Consolidated software solutions revenue for the six months ended June 30, 2025 increased
Product Revenue: Consolidated product revenue for the six months ended June 30, 2025 decreased
Operating Expenses: Consolidated operating expenses for the six months ended June 30, 2025 increased
Net Income/(Loss): The Company reported net income of
Non-GAAP: Non-GAAP net income of
EBITDA and Adjusted EBITDA: EBITDA for the six months ended June 30, 2025 of
Cash and Cash Equivalents: Total cash and cash equivalents at June 30, 2025 was
Cash Flow: Cash provided by operating activities for the six months ended June 30, 2025 and June 30, 2024, respectively was
Management Commentary
"Our strong second quarter performance underscores our continued momentum and laser-like focus on profitable growth," said Jeff Korn, Crexendo Chief Executive Officer and Chairman of the Board. "We achieved a
Korn added, "We continue to execute on our strategic priorities such as closing our international data centers and expanding our Oracle Cloud Infrastructure (OCI) presence while maintaining cost discipline and expanding margins. With a robust cash position of
Conference Call
Crexendo management will hold a conference call today, August 5, 2025, at 4:30 PM Eastern time to discuss these results. Company CEO Jeff Korn, CFO Ron Vincent, and President and COO Doug Gaylor will host the call, followed by a question-and-answer period.
Dial-in Numbers:
Domestic Participants: 888-506-0062
International Participants: 973-528-0011
Participant Access Code: 467741
Please dial in five minutes prior to the beginning of the call at 4:30 PM Eastern time and reference participant access code 467741 and the Crexendo earnings call. A replay of the call will be available until August 12, 2025, by dialing toll-free at 877-481-4010 or 919-882-2331 for international callers. The replay passcode is 52756.
About Crexendo
Crexendo, Inc. is an award-winning software technology company that is a premier provider of cloud communication platform software and unified communications as a service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes. Our cloud communications software solutions currently support over six million end users globally, through an extensive network of over 235 cloud communication platform software subscribers and our direct retail offering.
Safe Harbor Statement
This press release contains forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for such forward-looking statements. The words "believe," "expect," "anticipate," "estimate," "will" and other similar statements of expectation identify forward-looking statements. Specific forward-looking statements in this press release include Crexendo (i) believing the strong second quarter performance underscores its continued momentum and laser-like focus on profitable growth; (ii) believing its impressive
For a more detailed discussion of risk factors that may affect Crexendo's operations and results, please refer to the company's Form 10-K for the year ended December 31, 2024, quarterly Form 10-Qs as filed with the SEC. These forward-looking statements speak only as of the date on which such statements are made, and the company undertakes no obligation to update such forward-looking statements, except as required by law.
Company Contact
Crexendo, Inc.
Doug Gaylor
President and Chief Operating Officer
602-732-7990
dgaylor@crexendo.com
CREXENDO, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(Unaudited, in thousands, except par value and share data)
June 30, 2025 | December 31, 2024 | |||||||
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 23,450 | $ | 18,193 | ||||
Trade receivables, net of allowance of | 5,620 | 4,352 | ||||||
Inventories | 618 | 393 | ||||||
Equipment financing receivables, net of allowance of | 1,185 | 1,049 | ||||||
Contract costs | 2,135 | 1,931 | ||||||
Prepaid expenses | 1,297 | 876 | ||||||
Income tax receivable | 227 | 75 | ||||||
Other current assets | 96 | 13 | ||||||
Total current assets | 34,628 | 26,882 | ||||||
Contract assets, net of allowance of | 433 | 406 | ||||||
Long-term equipment financing receivables, net of allowance of | 2,657 | 2,397 | ||||||
Property and equipment, net | 292 | 394 | ||||||
Operating lease right-of-use assets | 1,227 | 1,491 | ||||||
Intangible assets, net | 19,431 | 20,528 | ||||||
Goodwill | 9,454 | 9,454 | ||||||
Contract costs, net of current portion | 2,906 | 2,879 | ||||||
Other long-term assets | 335 | 507 | ||||||
Total Assets | $ | 71,363 | $ | 64,938 | ||||
Liabilities and Stockholders' Equity | ||||||||
Current liabilities: | ||||||||
Accounts payable | $ | 519 | $ | 1,003 | ||||
Accrued expenses | 7,468 | 6,992 | ||||||
Finance leases | 3 | 21 | ||||||
Notes payable | 356 | 478 | ||||||
Operating lease liabilities | 475 | 481 | ||||||
Income tax payable | 44 | 40 | ||||||
Contract liabilities | 3,235 | 3,079 | ||||||
Total current liabilities | 12,100 | 12,094 | ||||||
Contract liabilities, net of current portion | 181 | 293 | ||||||
Finance leases, net of current portion | 1 | 2 | ||||||
Notes payable, net of current portion | - | 114 | ||||||
Operating lease liabilities, net of current portion | 780 | 1,022 | ||||||
Total liabilities | 13,062 | 13,525 | ||||||
Stockholders' equity: | ||||||||
Preferred stock, par value | - | - | ||||||
Common stock, par value | ||||||||
shares issued and outstanding as of June 30, 2025 and 27,621,557 shares issued | ||||||||
and outstanding as of December 31, 2024 | 30 | 28 | ||||||
Additional paid-in capital | 142,452 | 138,015 | ||||||
Accumulated deficit | (84,387 | ) | (86,790 | ) | ||||
Accumulated other comprehensive income | 206 | 160 | ||||||
Total stockholders' equity | 58,301 | 51,413 | ||||||
Total Liabilities and Stockholders' Equity | $ | 71,363 | $ | 64,938 | ||||
CREXENDO, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Operations
(Unaudited, in thousands, except per share and share data)
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
Service revenue | $ | 8,374 | $ | 8,067 | $ | 16,556 | $ | 15,912 | ||||||||
Software solutions revenue | 6,975 | 5,325 | 13,843 | 10,471 | ||||||||||||
Product revenue | 1,203 | 1,293 | 2,210 | 2,588 | ||||||||||||
Total revenue | 16,552 | 14,685 | 32,609 | 28,971 | ||||||||||||
Operating expenses: | ||||||||||||||||
Cost of service revenue | 3,556 | 3,246 | 7,043 | 6,355 | ||||||||||||
Cost of software solutions revenue | 1,813 | 1,445 | 3,303 | 2,837 | ||||||||||||
Cost of product revenue | 687 | 696 | 1,286 | 1,426 | ||||||||||||
Selling and marketing | 4,371 | 3,958 | 8,660 | 7,985 | ||||||||||||
General and administrative | 3,585 | 3,432 | 7,104 | 6,728 | ||||||||||||
Research and development | 1,437 | 1,328 | 2,960 | 2,577 | ||||||||||||
Total operating expenses | 15,449 | 14,105 | 30,356 | 27,908 | ||||||||||||
Income/(loss) from operations | 1,103 | 580 | 2,253 | 1,063 | ||||||||||||
Other income/(expense): | ||||||||||||||||
Interest income | $ | 126 | $ | 53 | $ | 210 | $ | 58 | ||||||||
Interest expense | (6 | ) | (11 | ) | (15 | ) | (24 | ) | ||||||||
Other income/(expense), net | 57 | (7 | ) | 47 | (21 | ) | ||||||||||
Total other income/(expense), net | 177 | 35 | 242 | 13 | ||||||||||||
Income/(loss) before income tax | 1,280 | 615 | 2,495 | 1,076 | ||||||||||||
Income tax benefit/(provision) | (48 | ) | (27 | ) | (92 | ) | (54 | ) | ||||||||
Net income/(loss) | $ | 1,232 | $ | 588 | $ | 2,403 | $ | 1,022 | ||||||||
Earnings per common share: | ||||||||||||||||
Basic | $ | 0.04 | $ | 0.02 | $ | 0.08 | $ | 0.04 | ||||||||
Diluted | $ | 0.04 | $ | 0.02 | $ | 0.08 | $ | 0.03 | ||||||||
Weighted-average common shares outstanding: | ||||||||||||||||
Basic | 29,430,050 | 26,664,220 | 28,731,048 | 26,489,562 | ||||||||||||
Diluted | 31,324,711 | 29,510,903 | 31,165,361 | 29,810,838 | ||||||||||||
CREXENDO, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows
(Unaudited, in thousands)
Six Months Ended June 30, | ||||||||
2025 | 2024 | |||||||
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||
Net income/(loss) | $ | 2,403 | $ | 1,022 | ||||
Adjustments to reconcile net income/(loss) to net cash provided by/(used for) operating activities: | ||||||||
Depreciation and amortization | 1,627 | 1,676 | ||||||
Allowance for credit losses | (88 | ) | 8 | |||||
Share-based compensation | 1,488 | 1,512 | ||||||
Non-cash operating lease amortization | 16 | (6 | ) | |||||
Changes in assets and liabilities: | ||||||||
Trade receivables | (1,268 | ) | (486 | ) | ||||
Contract assets | (54 | ) | (21 | ) | ||||
Equipment financing receivables | (281 | ) | (321 | ) | ||||
Inventories | (225 | ) | (172 | ) | ||||
Contract costs | (231 | ) | (574 | ) | ||||
Prepaid expenses | (421 | ) | (534 | ) | ||||
Income tax receivable | (152 | ) | (79 | ) | ||||
Other assets | (321 | ) | (7 | ) | ||||
Accounts payable and accrued expenses | (8 | ) | 104 | |||||
Income tax payable | 4 | (53 | ) | |||||
Contract liabilities | 44 | 417 | ||||||
Net cash provided by/(used for) operating activities | 2,533 | 2,486 | ||||||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||
Purchase of property and equipment | (18 | ) | - | |||||
Net cash used for investing activities | (18 | ) | - | |||||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
Repayments made on finance leases | (19 | ) | (37 | ) | ||||
Repayments made on notes payable | (236 | ) | (226 | ) | ||||
Proceeds from exercise of options | 3,138 | 1,133 | ||||||
Taxes paid on the net settlement of stock options and RSUs | (187 | ) | (92 | ) | ||||
Net cash provided by/(used for) financing activities | 2,696 | 778 | ||||||
Effect of exchange rate changes on cash | 46 | - | ||||||
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | 5,257 | 3,264 | ||||||
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 18,193 | 10,347 | ||||||
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD | $ | 23,450 | $ | 13,611 | ||||
Cash used during the year for: | ||||||||
Income taxes, net | $ | (243 | ) | $ | (186 | ) | ||
Interest expense | $ | (11 | ) | $ | (24 | ) | ||
Supplemental disclosure of non-cash investing and financing information: | ||||||||
Capitalized software development costs | $ | 410 | $ | - | ||||
Use of Non-GAAP Financial Measures
To evaluate our business, we consider and use non-generally accepted accounting principles ("Non-GAAP") net income and Adjusted EBITDA as a supplemental measure of operating performance. These measures include the same adjustments that management takes into account when it reviews and assesses operating performance on a period-to-period basis. We consider Non-GAAP net income to be an important indicator of overall business performance because it allows us to evaluate results without the effects of share-based compensation and related taxes, acquisition related expenses, changes in fair value of contingent consideration, amortization of intangibles, and goodwill and long-lived asset impairment. We define EBITDA as U.S. GAAP net income/(loss) before interest expense, interest income and other expense/(income), the gain/(loss) on the sale of property and equipment, goodwill and long-lived asset impairments, provision/(benefit) for income taxes, and depreciation and amortization. We believe EBITDA provides a useful metric to investors to compare us with other companies within our industry and across industries. We define Adjusted EBITDA as EBITDA adjusted for acquisition related expenses, changes in fair value of contingent consideration and share-based compensation and related taxes. We use Adjusted EBITDA as a supplemental measure to review and assess operating performance. We also believe use of Adjusted EBITDA facilitates investors' use of operating performance comparisons from period to period, as well as across companies.
In our August 5, 2025 earnings press release, as furnished on Form 8-K, we included Non-GAAP net income, EBITDA and Adjusted EBITDA. The terms Non-GAAP net income, EBITDA, and Adjusted EBITDA are not defined under U.S. GAAP, and are not measures of operating income, operating performance or liquidity presented in analytical tools, and when assessing our operating performance, Non-GAAP net income, EBITDA, and Adjusted EBITDA should not be considered in isolation, or as a substitute for net income/(loss) or other consolidated income statement data prepared in accordance with U.S. GAAP. Some of these limitations include, but are not limited to:
EBITDA and Adjusted EBITDA do not reflect our cash expenditures or future requirements for capital expenditures or contractual commitments;
they do not reflect changes in, or cash requirements for, our working capital needs;
they do not reflect the interest expense, or the cash requirements necessary to service interest or principal payments, on our debt that we may incur;
they do not reflect income taxes or the cash requirements for any tax payments;
although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will be replaced sometime in the future, and EBITDA and Adjusted EBITDA do not reflect any cash requirements for such replacements;
while share-based compensation and related taxes 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 Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
U.S. GAAP net income/(loss) | $ | 1,232 | $ | 588 | $ | 2,403 | $ | 1,022 | ||||||||
Share-based compensation and related taxes (1) | 825 | 788 | 1,623 | 1,526 | ||||||||||||
Amortization of intangible assets | 801 | 758 | 1,507 | 1,518 | ||||||||||||
Non-GAAP net income | $ | 2,858 | $ | 2,134 | $ | 5,533 | $ | 4,066 | ||||||||
Non-GAAP earnings per common share: | ||||||||||||||||
Basic | $ | 0.10 | $ | 0.08 | $ | 0.19 | $ | 0.15 | ||||||||
Diluted | $ | 0.09 | $ | 0.07 | $ | 0.18 | $ | 0.14 | ||||||||
Weighted-average common shares outstanding: | ||||||||||||||||
Basic | 29,430,050 | 26,664,220 | 28,731,048 | 26,489,562 | ||||||||||||
Diluted | 31,234,711 | 29,510,903 | 31,165,361 | 29,810,838 | ||||||||||||
Reconciliation of U.S. GAAP Net Income/(Loss) to EBITDA to Adjusted EBITDA
(Unaudited, in thousands)
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
U.S. GAAP net income/(loss) | $ | 1,232 | $ | 588 | $ | 2,403 | $ | 1,022 | ||||||||
Depreciation and amortization | 856 | 836 | 1,627 | 1,676 | ||||||||||||
Interest expense | 6 | 11 | 15 | 24 | ||||||||||||
Other, net | (183 | ) | (46 | ) | (257 | ) | (37 | ) | ||||||||
Income tax provision | 48 | 27 | 92 | 54 | ||||||||||||
EBITDA | 1,959 | 1,416 | 3,880 | 2,739 | ||||||||||||
Share-based compensation and related taxes (1) | 825 | 788 | 1,623 | 1,526 | ||||||||||||
Adjusted EBITDA | $ | 2,784 | $ | 2,204 | $ | 5,503 | $ | 4,265 | ||||||||
-------
(1) For the three months ended June 30, 2025 and 2024, employer payroll tax expense related to share-based compensation was
SOURCE: Crexendo, Inc.
View the original press release on ACCESS Newswire
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