TEN Holdings Inc(US:XHLD) Prnewswireยท2025-08-14 10:05Core Viewpoint - TEN Holdings, Inc. reported a year-over-year revenue growth of 9.1% for the second quarter of 2025, driven by increased revenue from physical events despite a decline in virtual and hybrid events [2][5]. Financial Results - Revenue for the three months ended June 30, 2025, was $1,116,000, an increase of $93,000 from $1,023,000 in the same period of 2024, representing a growth of 9.1% [5]. - Revenue from delivered physical events increased significantly by $109,000, or 82.6%, while revenue from virtual and hybrid events decreased by $16,000, or 1.8% [5][6]. - Cost of revenue rose to $175,000, up $34,000 or 24.1% compared to the previous year, primarily due to increased physical events [6]. - Selling, general, and administrative expenses surged by $910,000, or 73%, totaling $2,153,000, largely due to costs associated with being a publicly traded company [6]. - The net loss for the quarter was $2,784,000, or $(0.13) per share, compared to a net loss of $408,000, or $(0.02) per share, in the same quarter of 2024 [6][11]. Company Outlook - The company aims to create shareholder value by expanding market presence, advancing products and services, and deepening customer relationships [4]. - Plans include enhancing the proprietary Xyvid Pro Platform with interactive features and focusing on recurring revenue streams through a Platform-as-a-Service (PaaS) model [11]. - The company is also looking to identify and invest in businesses that offer complementary advantages to enhance competitiveness and growth [11].