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TEN Holdings Inc. Reports Second Quarter Financial Results for 2025

TEN Holdings, Inc. (Nasdaq: XHLD), through its subsidiary TEN Events, Inc., has released its financial results for the quarter ending June 30, 2025. The company has seen notable progress, reflecting its strategic strength and operational resilience.

Management Commentary

CEO Randolph Wilson Jones III commented, “In the second quarter of 2025, we recorded a year-over-year revenue increase, demonstrating the effectiveness of our growth strategy. We are leveraging enhanced infrastructure bolstered by the restructuring of our sales team and the introduction of a new sales leader. This has allowed us to deepen client relationships and expand our sales operations.”

Despite a rise in operating expenses, largely due to the costs associated with being a public entity, the management believes these expenses are crucial for setting a robust foundation for future growth and ensuring greater transparency moving forward.

Jones added, “Our focus remains on creating shareholder value through market expansion, product and service advancements, and enhancing customer relationships. We are committed to investing in long-term growth opportunities while maintaining fiscal discipline to ensure profitability.”

Financial Overview

For the quarter that ended June 30, 2025, TEN Holdings recorded revenues of $1,116,000, marking an increase of $93,000 (9.1%) compared to $1,023,000 in the same period of the previous year. The revenue growth was impacted by several factors:

1. Virtual and Hybrid Events: Revenue from these segments saw a slight decline of $16,000 (1.8%). This reduction was attributed to some customers rescheduling their events to later quarters.
2. Physical Events: In contrast, revenue from physical events surged by $109,000 (82.6%), with successful deliveries to new clients contributing significantly to growth.

Cost Analysis

The cost of revenue for this quarter rose to $175,000 from $141,000, primarily due to the increase in physical events. Selling, general, and administrative (SG&A) expenses saw a substantial hike, amounting to $2,153,000, which is a 73% increase from the previous year’s figure. This was largely due to the additional costs incurred from public company obligations, including legal fees, audit costs, insurance premiums, and investor relations.

Net loss for the quarter stood at $2,784,000, translating to $(0.13) per share, significantly higher than the net loss of $408,000 (or $(0.02) per share) recorded in Q2 2024. Key factors contributing to the loss include increased operating expenses and costs incurred relating to a transaction with Sunpeak Holdings Corporation.

Cash Flow and Assets

As of June 30, 2025, TEN Holdings reported total cash and cash equivalents of $739,000, a sharp increase from $48,000 on December 31, 2024. However, net cash used in operating activities surged to $7,577,000, a significant increase from $1,007,000 in the same period last year. This rise was driven largely by the recognition of stock options expenses.

Future Plans

Looking forward, TEN Holdings plans to further enhance its proprietary Xyvid Pro Platform by introducing innovative features aimed at boosting participant engagement and improving scalability. The company is also keen on diversifying its revenue streams through developing its Platform-as-a-Service (PaaS) model and pursuing partnerships and acquisitions that align with its strategic goals.

About TEN Holdings, Inc.: Based in Pennsylvania, TEN Holdings offers event planning, production, and broadcasting services through TEN Events, Inc. The company primarily focuses on producing various types of events, both virtual and physical, supported by its proprietary technology platform. For more information, visit www.tenholdingsinc.com.