recurring revenue

Kornit Digital (KRNT) reported mixed Q2 2025 results. Revenue reached $49.8 million, meeting guidance, with a GAAP net loss of $7.5 million and a non-GAAP profit of $1.2 million. Annual recurring revenue from AIC contracts hit $18.9 million. Q3 2025 revenue is projected between $49-55 million with an adjusted EBITDA margin of -3% to 3%. The company focuses on expanding Apollo and AIC adoption and maintaining profitability despite market headwinds.

Waters Corporation and BD (Becton, Dickinson and Company) have announced a definitive agreement to merge BD’s Biosciences & Diagnostic Solutions business with Waters, creating a leading life science and diagnostics company. The deal, valued at $17.5 billion structured as a Reverse Morris Trust, is expected to double Waters’ addressable market to $40 billion and generate $345 million in annualized EBITDA synergies by 2030.The combined company anticipates approximately $6.5 billion in 2025 sales and mid-teens adjusted EPS growth over five years, with the transaction boosting adjusted EPS within the first year.

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.