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TEN Holdings Inc. Reports Q1 2025 Financial Results
TEN Holdings, Inc. (Nasdaq: XHLD) reported Q1 2025 revenue of $739,000, down 34.5% YoY due to reduced virtual/hybrid and physical event demand, though gross margin remained stable at 74.8%. Operating costs surged 328% to $5.17 million, driven by $3.5 million in IPO-related stock compensation and increased marketing, widening the net loss to $4.84 million ($0.18/share). CEO Randy Jones emphasized strategic investments in AI, platform upgrades, and PaaS integration to boost recurring revenue, alongside exploring M&A opportunities. Cash reserves rose to $247,000 despite a $6.79 million operating cash burn. The 2025 strategy focuses on scaling subscription models, AI analytics, and expanding digital marketing efforts.