LANGHORNE, Pa., May 20, 2025 /PRNewswire/ — TEN Holdings, Inc. (Nasdaq: XHLD), a leader in event planning, production, and broadcasting services, unveiled its financial performance for Q1 2025 today, marking a pivotal quarter defined by strategic investments and operational transitions.
Strategic Shifts and CEO Vision
CEO Randy Jones framed the quarter as a “foundation-building phase,” emphasizing advancements in the company’s proprietary Xyvid Pro Platform. “We’ve prioritized scaling our infrastructure to drive customer acquisition and recurring revenue,” he noted. Investments in AI-driven features, PaaS integration, and a revamped sales team aim to position TEN Holdings for long-term differentiation in a competitive events market. Jones also hinted at potential M&A activity, stating the company is actively seeking “strategic partnerships and acquisitions to accelerate growth.”
Financial Highlights: A Mixed Picture
- Revenue: Total revenue declined 34.5% YoY to $739,000, attributed to cyclical virtual/hybrid events (-$368,000) and smaller physical event rollouts (-$21,000).
- Margin Resilience: Gross margin held steady at 74.8%, reflecting cost discipline despite revenue headwinds.
- Spike in Operating Costs: SG&A expenses ballooned 328% to $5.17 million, driven by $3.5 million in IPO-related stock compensation and increased marketing spend.
- Net Loss: Widened to $4.84 million ($0.18 per share), versus $405,000 ($0.02 per share) in Q1 2024. Non-GAAP loss, excluding stock comp, stood at $1.32 million ($0.05 per share).
- Cash Position: Liquidity improved to $247,000 as of March 31, up from $48,000 at year-end 2024, though operating cash burn escalated to $6.79 million.
Roadmap to Recurrence
TEN Holdings outlined three strategic pillars for 2025: accelerating platform development to boost subscription-based revenue, deploying AI tools to enhance event analytics, and doubling down on digital marketing. The company aims to offset cyclical event revenue by scaling its PaaS model, with plans to explore accretive deals in adjacent tech-enabled event services.
About TEN Holdings
Headquartered in Pennsylvania, TEN Holdings specializes in immersive virtual, hybrid, and physical events powered by its proprietary Xyvid Pro Platform. The company’s offerings span event production, livestreaming, and continuing education services. For more information, visit www.tenholdingsinc.com.
Forward-Looking Statements
This release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. Words like “anticipate,” “believe,” and “will” reflect management’s current expectations, subject to risks detailed in SEC filings. TEN Holdings disclaims any obligation to update statements except as required by law.
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