TEN Holdings, Inc. Reports Full Year 2025 Financial Results – Detailed Investor Update

Key Highlights

• First Year as a Public Company: Fiscal 2025 marked TEN Holdings’ first year as a public entity. Management focused on operational, technological, and governance foundations to support scalable growth, raise capital, and enhance investor visibility.
• Strategic Partnerships: Major alliances were formed with Webinar.net and V-Cube. The Webinar.net partnership accelerated the Ten Events Pro platform, delivering enhanced functionality, streamlined development, and operational savings estimated at \$1.2-1.7 million annually. The V-Cube partnership extended advanced enterprise communication capabilities into North America.
• Security and Innovation: TEN Holdings implemented SOC 2-compliant broadcast systems, reinforcing enterprise trust. The company also introduced conversational AI solutions to enhance engagement, automation, and data-driven insights for enterprise clients.
• Customer Base Expansion: The number of new customers more than doubled, from 6 in 2024 to 16 in 2025, reflecting growing market adoption of TEN Holdings’ technology solutions.
• Active Investor Engagement: Management participated in multiple investor conferences and meetings, actively communicating growth strategies and technology advancements.

Detailed Financial Results

• Total Revenues: \$3.1 million for fiscal year 2025, down 11.4% from \$3.5 million in 2024. The decline was primarily due to a \$0.5 million decrease in virtual & hybrid event revenues (mainly from a non-repeating event series with the company’s largest customer), partially offset by a \$0.1 million increase in physical events.
• Cost of Revenue: Increased slightly by \$11,000 (1.7%) to \$663,000, as operational efficiencies offset higher physical event activity.
• Gross Profit Margin: Declined from 81.4% to 78.6% due to the overall decrease in revenues.
• Selling, General & Administrative Expenses (SG&A): Rose sharply by \$9.89 million (183%) to \$15.27 million, driven by \$10 million in non-cash charges (stock-based compensation, debt restructuring, impairments), \$1.7 million in public company expenses, \$3.1 million in payroll, and \$400,000 in business operations.
• Interest Expense: Increased by \$74,000 (35%) to \$284,000, mainly from shareholder loans.
• Net Loss: Deepened substantially to \$19.5 million (–\$8.58/share) from \$3.0 million (–\$1.78/share) year-over-year, due to higher SG&A and non-cash charges, as well as increased operating expenses associated with transition to public company status.
• Shares Outstanding: Weighted average shares increased from 1,667,674 in 2024 to 2,272,982 in 2025, reflecting capital raising activities.
• Cash Position: Ended 2025 with \$1.63 million in cash, up significantly from \$48,479 in 2024, aided by successful financing.
• Operating Cash Flow: Net cash used in operating activities increased to \$10.3 million (from \$2.5 million in 2024), reflecting higher operating costs and net loss.
• Investing Cash Flow: Net cash used was \$847,000 (down from \$1.04 million), related to hardware, equipment, and capitalized software investments.
• Financing Cash Flow: Net cash provided surged to \$18.2 million (from \$3.2 million), primarily due to proceeds from share issuance and short-term loans, partially offset by loan repayments.

Forward-Looking Guidance and Shareholder Considerations

• Growth Initiatives: The company plans to strengthen customer relationships and loyalty, ramp up digital marketing, and expand its sales team to drive customer acquisition and retention.
• Product & Market Expansion: Increased investment in the Ten Events Pro SaaS platform is expected to broaden the customer base, enhance market reach, and generate sustainable recurring revenue streams.
• Leveraging Partnerships: TEN Holdings aims to maximize new market opportunities through its alliances with V-Cube and Webinar.net.
• Capital Raising & M&A: The company plans to continue raising capital to invest in, partner with, or acquire complementary businesses, enhancing competitiveness and long-term growth prospects.

Potential Price-Sensitive Factors for Shareholders

• Significant Net Loss and Expenses: The substantial net loss and higher operating expenses, primarily driven by non-cash charges and increased costs associated with being a public company, may pressure the share price in the short term.
• Revenue Decline vs. Customer Growth: Despite a decline in revenues, the doubling of new customers and increased cash position suggest underlying business momentum that could be positively viewed if revenue growth returns in coming periods.
• Strategic Partnerships and Technology Investments: The operational savings and enhanced platform capabilities from partnerships and technology investments are expected to drive efficiency and future recurring revenue.
• Active Capital Markets Strategy: The company’s willingness to raise capital and pursue strategic M&A could be a catalyst for growth, but also presents dilution risks.

About TEN Holdings, Inc.

TEN Holdings, Inc., via its subsidiary Ten Events, Inc., provides event planning, production, and broadcasting services, with a focus on virtual, hybrid, and physical events. Its proprietary Xyvid Pro Platform supports digital event offerings, and the company is headquartered in Pennsylvania.

For more information, visit www.tenholdingsinc.com.

Contact Information

Investor Relations: Skyline Corporate Communications Group, LLC, Scott Powell, President
1177 Avenue of the Americas, 5th Floor, New York, NY 10036
Office: (646) 893-5835
Email: [email protected]

Disclaimer

This article contains forward-looking statements based on management’s current expectations and projections about future events. Actual results may differ materially due to various risk factors, including those described in the company’s filings with the SEC. Nothing in this article should be construed as investment advice. Investors are urged to review all publicly available information and consult their financial advisor before making investment decisions. TEN Holdings, Inc. undertakes no obligation to update forward-looking statements, except as required by law.

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