Summary of TEN Holdings Conference Call Company Overview - **Company Name**: TEN Holdings (NasdaqCM:XHLD) - **Industry**: Virtual Corporate Events - **Public Listing**: Went public on February 13, 2025, with V-Cube Inc. as the parent company owning approximately 67-68% of shares post-IPO [1][3][26] Core Business Model - **Focus**: TEN Holdings aims to grow its initial operating company, which specializes in virtual corporate events, into a network supporting Fortune 1000 enterprise customers [2] - **Event Types**: Offers three types of events: virtual, in-person, and hybrid [4][5] - **Market Potential**: The virtual events market is projected to reach $30 trillion annually by 2030 [5] Operational Insights - **Event Production**: Emphasizes high-quality, high-fidelity production, likening their events to major television broadcasts [7][8] - **Clientele**: Works with large corporate enterprises, including a Big Four consulting firm, and has experience with various industries such as gaming and pharmaceuticals [9][18] - **Pricing Model**: Event pricing varies based on size and complexity, ranging from $3,000 to $100,000 depending on the scale and services required [30][31] Technology and Innovation - **Proprietary Technology**: The company has developed a unique platform for live streaming events, which is highly configurable and resilient [11][17] - **AI Integration**: Currently exploring AI applications for presentation creation, auto-translation, and virtual presenters [21] - **Self-Service Model**: Introduced a self-service product called TEN Pro, allowing clients to manage their own events while maintaining high quality [22][23] Growth Strategy - **M&A Focus**: Plans to expand through mergers and acquisitions, targeting companies in the corporate event space [3][25] - **Strategic Partnerships**: Aims to align with V-Cube Inc.'s technology and explore additional strategic investments [25][26] - **Revenue Goals**: Aspires to grow into a $20 million revenue business by leveraging existing operations and potential acquisitions [27][28] Financial Considerations - **Funding Mechanism**: Established a $20 million equity line of credit to support strategic initiatives [27] - **Revenue Model**: Emphasizes the importance of subscription revenue models for high margins, particularly in software [24] Market Position and Competition - **Competitive Landscape**: Acknowledges competition from other vendors like On24 and Kaltura, which offer self-service solutions [22] - **Unique Selling Proposition**: Differentiates itself through high production quality and a full-service model, catering to high-stakes corporate events [12][19] Conclusion - **Future Outlook**: TEN Holdings is positioned to capitalize on the growing demand for virtual events, with a strong focus on technology, quality, and strategic growth through partnerships and acquisitions [36]