Crexendo, Inc. (CXDO) financial statements (2022 and earlier)

Company profile

Business Address 1615 S. 52ND STREET
TEMPE, AZ 85281
State of Incorp. DE
Fiscal Year End December 31
SIC 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,46817,5794,1801,8491,2826191,497
Cash and cash equivalents7,46817,5794,1801,8491,2826191,497
Restricted cash and investments 100100100100100112
Receivables2,188538380419375346364
Inventory, net of allowances, customer advances and progress billings231504382270131170134
Inventory231504382270131170134
Prepaid expense3581901412445306861,046
Capitalized contract cost 421379371
Other current assets    10815
Other undisclosed current assets1,31544916980116121131
Total current assets:11,56019,7815,7313,3332,5442,0503,299
Noncurrent Assets
Finance lease, right-of-use asset555  
Operating lease, right-of-use asset532151
Inventory, real estate2,000      
Property, plant and equipment2,9892,73415512481833
Long-term investments and receivables, including:  610314381
Accounts and financing receivable, after allowance for credit loss    (10)(13)(24)
Other undisclosed long-term investments and receivables  6104156105
Intangible assets, net (including goodwill)57,142524737439511607738
Goodwill34,981272272272272272272
Intangible assets, net (excluding goodwill)22,161252465167239335466
Prepaid expense    173251288
Capitalized contract cost, net697549436342
Deferred income tax assets 6,054 
Other noncurrent assets313156106117121136169
Other undisclosed noncurrent assets1,364906561184584281,052
Total noncurrent assets:65,59210,9242,0521,2169021,4832,361
TOTAL ASSETS:77,15230,7057,7834,5493,4463,5335,660
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,3801,6841,8401,2861,0401,118888
Accounts payable47656861557911676
Accrued liabilities4,9041,6281,7541,131961997812
Taxes payable     5 
Deferred revenue 778791
Debt1,9831008084696657
Business combination, contingent consideration, liability  175    
Deferred revenue and credits957809775
Deferred tax liabilities   482
Contract with customer, liability641
Other undisclosed current liabilities3,2091    99
Total current liabilities:10,5722,5632,8862,0112,0661,9932,301
Noncurrent Liabilities
Long-term debt and lease obligation3571,92887116   
Long-term debt, excluding current maturities 1,873     
Finance lease, liability1935586
Capital lease obligations116   
Operating lease, liability164 1
Liabilities, other than long-term debt 4504234223159190
Deferred revenue and credits314381
Deferred revenue 450423
Contract with customer, liability422
Other liabilities     16109
Other undisclosed noncurrent liabilities126   10966965
Total noncurrent liabilities:6472,378510538411,0251,155
Total liabilities:11,2194,9413,3962,5492,1073,0183,456
Stockholders' equity
Stockholders' equity attributable to parent65,93325,7644,3872,0001,3395152,204
Common stock22181514141413
Additional paid in capital118,43275,83462,40061,15360,56058,71657,614
Accumulated other comprehensive income12      
Accumulated deficit(52,533)(50,088)(58,028)(59,167)(59,235)(58,215)(55,423)
Total stockholders' equity:65,93325,7644,3872,0001,3395152,204
TOTAL LIABILITIES AND EQUITY:77,15230,7057,7834,5493,4463,5335,660

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues28,09216,38714,43611,90810,3779,1197,823
Revenue, net10,377  
Cost of revenue (4,947)  (549)(3,625)(3,577)
Cost of goods and services sold    (549)  
Gross profit:28,09211,44014,43611,9089,8285,4944,246
Operating expenses(30,902)(15,396)(13,301)(12,114)(11,202)(11,882)(12,662)
Other undisclosed operating income 4,947  5493,6253,577
Operating income (loss):(2,810)9911,135(206)(825)(2,763)(4,839)
Nonoperating income (expense)(100)90810(2)(188)(17)286
Investment income, nonoperating1367101524
Other nonoperating income (expense) (26)16311106290
Interest and debt expense(84)1,007(12)(12)(209)(138)(28)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes84(1,007)121220913828
Income (loss) from continuing operations before income taxes:(2,910)1,8991,145(208)(1,013)(2,780)(4,553)
Income tax expense (benefit)(465)6,041(6)(15)(7)(12)12
Net income (loss):(3,375)7,9401,139(223)(1,020)(2,792)(4,541)
Other undisclosed net income attributable to parent930      
Net income (loss) available to common stockholders, diluted:(2,445)7,9401,139(223)(1,020)(2,792)(4,541)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(3,375)7,9401,139(223)(1,020)(2,792)(4,541)
Other comprehensive income12      
Comprehensive income (loss), net of tax, attributable to parent:(3,363)7,9401,139(223)(1,020)(2,792)(4,541)

Statements sources

The financial statements are based on the company's filings with the 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.

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