Adjustments for Non-Cash Items (USD, thousands)

Stock-Based Compensation (USD, thousands)

Changes in Working Capital (USD, thousands)

Capital Expenditures (CapEx) (USD, thousands)

Proceeds from / Repayments of Debt (USD, thousands)

Share Repurchases (USD, thousands)

Dividend Payments (USD, thousands)

Net Change in Cash (USD, thousands)

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United States

International

- North America

- Other

Total Revenue

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The significant jump in Q3 2024 was driven by robust improvements in operating activities along with favorable financing activity. Specifically, net cash provided by operating activities increased markedly—from **$887** to **$4,107**—due to higher non‑cash expenses (including **$2,505** in depreciation and amortization and **$2,293** in share‑based compensation) and improved net income, while financing activities added further cash inflows. Moreover, the absence of any cash used in investing activities also contributed to the overall increase in cash and cash equivalents.  **[0001654954-24-013839_cxdo_10q.htm:1]** **[0001654954-24-013832_cxdo_ex991.htm:4]** 

Why did cash and cash equivalents jump so high in Q3 2024?

In Q3 2024, the increase in total assets was primarily driven by a significant rise in **cash and cash equivalents**—which increased by **$5,104 thousand**—along with growth in **trade receivables**, **inventories**, and **equipment financing receivables** (both current and long-term). Additionally, **operating lease right-of-use assets** and **contract costs** saw notable increases, with further contributions from expanded **other long-term assets**. These gains were partially offset by a decline in **intangible assets, net** due to amortization.  **[0001654954-24-013839_cxdo_10q.htm:1]** **[CXDO_3406380_4]** 

What drove the increase in total assets in Q3 2024?

The sharp decline was primarily caused by the repayment of finance lease obligations throughout 2023. Payments made during the year reduced the outstanding balance, and as the principal and interest were applied, the present value of minimum lease payments decreased significantly—from **$98,000** at the end of 2022 to **$23,000** at the end of 2023.  **[0001654954-24-002655_cxdo_10k.htm:75]** **[0001654954-24-002655_cxdo_10k.htm:108]** 

What caused the sharp decline in finance leases - non-current in Q4 2023?

The **non-current portion of notes payable decreased significantly** because the company repaid **$340,000 in principal** on its notes during the nine-month period ended September 30, 2024. In particular, the reduction involved a **related party note payable** which saw its balance drop from **$843,000 to $570,000** and the impact of another promissory note with CrossFirst Bank, all contributing to the lower ending balance of **$236,000** by Q3 2024.  **[0001654954-24-013839_cxdo_10q.htm:24]** 

Why did notes payable - non-current fall so significantly by Q3 2024?

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Crexendo Inc (CXDO)

Financials