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TEN Holdings Announces Effective Date of Reverse Stock Split
Prnewswire· 2025-11-24 13:30
Core Viewpoint - TEN Holdings, Inc. will implement a 1-for-15 reverse stock split, effective December 1, 2025, with trading on a split-adjusted basis starting December 2, 2025 [1][2][3]. Group 1: Reverse Stock Split Details - The reverse stock split will reduce the number of outstanding shares from approximately 44.8 million to about 3.0 million [3]. - The effective time for the reverse stock split is set for 4:30 p.m. Eastern Time on December 1, 2025 [2]. - No fractional shares will be issued; instead, holders will receive cash payments for any fractional shares [3][4]. Group 2: Company Information - TEN Holdings operates through its subsidiary, Ten Events, Inc., providing event planning, production, and broadcasting services [6]. - The company specializes in virtual, hybrid, and physical events, utilizing its proprietary Xyvid Pro Platform for service delivery [6].
TEN Holdings Reports Third Quarter 2025 Financial Results
Prnewswire· 2025-11-10 22:30
Core Insights - TEN Holdings, Inc. reported modest year-over-year revenue growth for Q3 2025, indicating stability in its core business and potential for future growth [1][4] - The company launched an Early Adopter Program for its SaaS product, Ten Events Pro, and formed a technical partnership with Webinar.net to enhance its offerings and operational efficiency [2][3] - A new Chief Financial Officer, Virgilio D. Torres, was appointed to strengthen financial controls and relationships with banking and investment communities [3] Financial Performance - Revenue for Q3 2025 was $543,000, a 1.5% increase from $535,000 in Q3 2024, driven by a 102.2% increase in physical event revenue, which rose by $46,000 [4] - Revenue from virtual and hybrid events decreased by $38,000, or 7.8%, due to the postponement of several events [4] - Cost of revenue increased by 26.6% to $138,000, primarily due to higher labor costs associated with physical events [4] - Selling, General, and Administrative Expenses rose by 66.7% to $2,185,000, largely due to public company expenses [4] - Net loss for Q3 2025 was $1,987,000, a 103.8% increase compared to a net loss of $975,000 in Q3 2024, attributed to increased public company expenses and decreased revenue from a major customer [11] Strategic Initiatives - The company plans to focus on recurring revenue streams through the accelerated development of its SaaS model [11] - TEN Holdings aims to enhance its market position by developing a product partnership with V-Cube Inc. to leverage advanced event technologies [11] - The company is considering additional strategic partnerships and acquisitions to diversify revenue growth opportunities [11]
TEN Holdings Announces Participation in Upcoming Investor Conferences
Prnewswire· 2025-09-24 12:30
Company Overview - TEN Holdings, Inc. operates through its subsidiary, Ten Events, Inc., providing event planning, production, and broadcasting services, primarily focusing on virtual, hybrid, and physical events [4] - The company is headquartered in Pennsylvania and utilizes its proprietary Xyvid Pro Platform to support its services [4] Upcoming Investor Events - TEN Holdings will participate in several key investor-focused events in 2025, including the MicroCap Rodeo, LD Micro Main Event, and Spartan Capital Investor Conference [3][6] - These events are seen as critical for enhancing brand awareness and building relationships within the U.S. investment community [3] Event Details - **MicroCap Rodeo Fall Conference**: Scheduled for September 25, 2025, in New York, featuring approximately 15 microcap companies and opportunities for investors to discover unique stock ideas [6] - **LD Micro Main Event XIX**: Taking place from October 19-21, 2025, in San Diego, this event is renowned for small- and micro-cap companies, offering keynote speeches, presentations, and networking opportunities [6] - **Spartan Capital Investor Conference 2025**: Set for November 3, 2025, in New York City, this conference will include over 50 public and private companies, facilitating interactions between growth-stage companies and investors [6]
24/7 Market News: Market Rotation Sparks New Attention on TEN Holdings (NASDAQ: XHLD)
Globenewswire· 2025-09-17 13:00
Company Overview - TEN Holdings (NASDAQ: XHLD) is a provider of event planning, production, and broadcasting services through its subsidiary Ten Events, which is redefining the event space with advanced technology [4][7] - The company has launched the Ten Events Pro ("Ten Pro") SaaS solution, designed for enterprise-grade virtual, hybrid, and in-person events, enhancing user engagement and analytics [4][5] Market Position and Trends - The live and virtual events markets are projected to exceed $1.6 trillion combined by 2030, positioning TEN Holdings to capture significant market share through its proprietary technology [4] - The transition to a SaaS model is expected to unlock steady cash flows and real-time user insights, aligning with the trend of high-margin, recurring revenue models in public markets [5] Financial Metrics and Performance - The Russell 2000 index has outperformed the S&P 500 by 3.8% over the past year and 3.2% year-to-date, indicating a favorable environment for small-cap stocks like XHLD [3][6] - Subscription-based software platforms typically command revenue multiples of 7–10x, suggesting a strong valuation potential for Ten Pro within the $18.2 billion event management software space [5]
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]