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TEN Holdings Inc. Reports Second Quarter 2025 Financial Results
Prnewswire· 2025-08-14 10:05
Core 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].
TEN Holdings, Inc. Announces Appointment of New Chief Financial Officer
Prnewswire· 2025-06-30 12:00
Company Overview - TEN Holdings, Inc. is a provider of event planning, production, and broadcasting services, headquartered in Pennsylvania [6] - The company specializes in producing virtual, hybrid, and physical events, utilizing its proprietary Xyvid Pro Platform for virtual and hybrid services [6] Appointment of CFO - Virgilio D. Torres has been appointed as Chief Financial Officer, effective June 30, 2025 [1] - Mr. Torres has extensive experience in corporate finance, mergers and acquisitions, and capital raising, having previously served as Vice President of Finance at Obsess Inc. [2][3] - His background includes managing financial operations for both public and private companies, and he has a strong track record in developing financial strategies and ensuring compliance with GAAP [2][3] Management's Perspective - Randy Jones, CEO of TEN Holdings, expressed confidence in Mr. Torres's ability to enhance the company's financial foundation and assist in capital raising and acquisition efforts [4] - Mr. Torres stated his excitement about joining TEN Holdings and his commitment to leveraging his skills in financial operations and strategy to drive the company's success [4] Educational Background - Mr. Torres holds a Bachelor of Business Administration in Finance with a minor in Economics and Statistics from Pace University in New York City [5]
TEN Holdings Announces Participation in Investor Conferences for June 2025
Prnewswire· 2025-05-29 12:00
Company Overview - TEN Holdings, Inc. is a provider of event planning, production, and broadcasting services, headquartered in Pennsylvania [7] - The company specializes in virtual, hybrid, and physical events, utilizing its proprietary Xyvid Pro Platform for virtual and hybrid event services [7] Upcoming Events - TEN Holdings will participate in the Microcap Rodeo on June 4, 2025, in New York City, where it will present a company overview and engage in one-on-one meetings with investors [2] - The company will attend the CEM Bermuda Capital Event from June 6-8, 2025, for scheduled one-on-one investor meetings and networking sessions [3] - On June 10, 2025, TEN Holdings will deliver a live virtual presentation at the Q2 Virtual Investor Summit Event, along with individual meetings with investors [4] - A corporate overview will be presented during the Webull Corporate Connect Webinar on June 18, 2025, at 2:00 PM ET, followed by a live Q&A session [5] - The Skyline Signature Series Webinar on June 26, 2025, at 12:00 PM ET will feature a live presentation by TEN Holdings' management, followed by a Q&A session [6] Strategic Goals - The participation in these investor-focused events aims to enhance the company's visibility within the investment community and share recent developments and future growth initiatives [1]