Crexendo Inc. (CXDO) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1615 S. 52ND STREET TEMPE, AZ 85281 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4813 - Telephone Communications, Except Radiotelephone (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 9,587 | 5,475 | 7,468 | 17,579 | 4,180 | 1,849 | |||
| Cash and cash equivalents | 9,587 | 5,475 | 7,468 | 17,579 | 4,180 | 1,849 | |||
| Restricted cash and investments | 100 | 100 | 100 | ||||||
| Receivables | 3,476 | 3,297 | 2,188 | 538 | 380 | 419 | |||
| Inventory, net of allowances, customer advances and progress billings | 382 | 679 | 231 | 504 | 382 | 270 | |||
| Inventory | 382 | 679 | 231 | 504 | 382 | 270 | |||
| Prepaid expense | 508 | 431 | 358 | 190 | 141 | 244 | |||
| Contract with customer, asset, after allowance for credit loss | 342 | ||||||||
| Capitalized contract cost | 421 | 379 | 371 | ||||||
| Other current assets | 35 | 674 | |||||||
| Other undisclosed current assets | 2,961 | 1,794 | 1,315 | 449 | 169 | 80 | |||
| Total current assets: | 17,291 | 12,350 | 11,560 | 19,781 | 5,731 | 3,333 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 555 | ✕ | |||||||
| Operating lease, right-of-use asset | 1,009 | 1,081 | 532 | 1 | 51 | ✕ | |||
| Inventory, real estate | 2,000 | ||||||||
| Property, plant and equipment | 670 | 3,315 | 2,989 | 2,734 | 155 | 124 | |||
| Long-term investments and receivables, including: | 6 | 10 | |||||||
| Other undisclosed long-term investments and receivables | 6 | 10 | |||||||
| Intangible assets, net (including goodwill) | 33,010 | 36,179 | 57,142 | 524 | 737 | 439 | |||
| Goodwill | 9,454 | 9,454 | 34,981 | 272 | 272 | 272 | |||
| Intangible assets, net (excluding goodwill) | 23,556 | 26,725 | 22,161 | 252 | 465 | 167 | |||
| Contract with customer, asset, after allowance for credit loss | |||||||||
| Capitalized contract cost, net | 2,273 | 1,304 | 697 | 549 | 436 | 342 | |||
| Deferred income tax assets | 6,054 | ✕ | |||||||
| Other noncurrent assets | 139 | 150 | 313 | 156 | 106 | 117 | |||
| Other undisclosed noncurrent assets | 1,768 | 1,255 | 1,364 | 906 | 561 | 184 | |||
| Total noncurrent assets: | 38,869 | 43,284 | 65,592 | 10,924 | 2,052 | 1,216 | |||
| TOTAL ASSETS: | 56,160 | 55,634 | 77,152 | 30,705 | 7,783 | 4,549 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 6,720 | 6,096 | 5,380 | 1,684 | 1,840 | 1,286 | |||
| Accounts payable | 769 | 1,206 | 476 | 56 | 86 | 155 | |||
| Accrued liabilities | 5,951 | 4,890 | 4,904 | 1,628 | 1,754 | 1,131 | |||
| Deferred revenue | 2,390 | 778 | 791 | ✕ | |||||
| Debt | 532 | 515 | 1,983 | 100 | 80 | 84 | |||
| Business combination, contingent consideration, liability | 175 | ||||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 641 | ||
| Other undisclosed current liabilities | 619 | 3,780 | 3,209 | 1 | |||||
| Total current liabilities: | 10,261 | 10,391 | 10,572 | 2,563 | 2,886 | 2,011 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 615 | 2,703 | 357 | 1,928 | 87 | 116 | |||
| Long-term debt, excluding current maturities | 592 | 2,605 | 1,873 | ||||||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 116 | ||
| Finance lease, liability | 23 | 98 | 193 | 55 | 86 | ✕ | |||
| Liabilities, other than long-term debt | 671 | 999 | 450 | 423 | 422 | ||||
| Deferred revenue | 198 | 247 | 450 | 423 | ✕ | ||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 422 | ||
| Operating lease, liability | 473 | 752 | 164 | 1 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 82 | 126 | |||||||
| Total noncurrent liabilities: | 1,286 | 3,784 | 647 | 2,378 | 510 | 538 | |||
| Total liabilities: | 11,547 | 14,175 | 11,219 | 4,941 | 3,396 | 2,549 | |||
| Equity | |||||||||
| Equity, attributable to parent | 44,613 | 41,459 | 65,933 | 25,764 | 4,387 | 2,000 | |||
| Common stock | 26 | 26 | 22 | 18 | 15 | 14 | |||
| Additional paid in capital | 132,888 | 129,192 | 118,432 | 75,834 | 62,400 | 61,153 | |||
| Accumulated other comprehensive income | 166 | 187 | 12 | ||||||
| Accumulated deficit | (88,467) | (87,946) | (52,533) | (50,088) | (58,028) | (59,167) | |||
| Total equity: | 44,613 | 41,459 | 65,933 | 25,764 | 4,387 | 2,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 56,160 | 55,634 | 77,152 | 30,705 | 7,783 | 4,549 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 53,199 | 37,554 | 28,092 | 16,387 | 14,436 | 11,908 | ||
| Cost of revenue | (4,947) | |||||||
| Provision for loan, lease, and other losses | ||||||||
| Policyholder benefits and claims incurred, net | ||||||||
| Gross profit: | 53,199 | 37,554 | 28,092 | 11,440 | 14,436 | 11,908 | ||
| Operating expenses | (54,888) | (74,946) | (30,902) | (15,396) | (13,301) | (12,114) | ||
| Other undisclosed operating income | 4,947 | |||||||
| Operating income (loss): | (1,689) | (37,392) | (2,810) | 991 | 1,135 | (206) | ||
| Nonoperating income (expense) | 1,425 | 1,217 | (100) | 908 | 10 | (2) | ||
| Investment income, nonoperating | 1 | 3 | 6 | 7 | ||||
| Other nonoperating income (expense) | 1,425 | 1,217 | (26) | 16 | 3 | |||
| Interest and debt expense | (115) | (78) | (84) | 1,007 | (12) | (12) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 84 | (1,007) | 12 | 12 | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (379) | (36,253) | (2,910) | 1,899 | 1,145 | (208) | ||
| Other undisclosed income from continuing operations before income taxes | 115 | 78 | ||||||
| Income (loss) from continuing operations before income taxes: | (264) | (36,175) | (2,910) | 1,899 | 1,145 | (208) | ||
| Income tax expense (benefit) | (98) | 762 | (465) | 6,041 | (6) | (15) | ||
| Income (loss) from continuing operations: | (362) | (35,413) | (3,375) | 7,940 | 1,139 | (223) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (3,375) | 7,940 | 1,139 | (223) | |
| Other undisclosed net income (loss) | 70,826 | |||||||
| Net income (loss): | (362) | 35,413 | (3,375) | 7,940 | 1,139 | (223) | ||
| Other undisclosed net income (loss) attributable to parent | (70,826) | 930 | ||||||
| Net income (loss) available to common stockholders, diluted: | (362) | (35,413) | (2,445) | 7,940 | 1,139 | (223) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (362) | 35,413 | (3,375) | 7,940 | 1,139 | (223) | ||
| Other comprehensive income (loss) | (21) | 175 | 12 | |||||
| Comprehensive income (loss): | (383) | 35,588 | (3,363) | 7,940 | 1,139 | (223) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (70,826) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (383) | (35,238) | (3,363) | 7,940 | 1,139 | (223) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.