TEN Holdings, Inc. ( (XHLD) ) has released its Q3 earnings. Here is a breakdown of the information TEN Holdings, Inc. presented to its investors.
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TEN Holdings, Inc. is a company operating in the virtual and hybrid events industry, providing dynamic, interactive, and engaging event experiences through its Xyvid Pro Platform. In its latest earnings report for the quarter ending September 30, 2025, TEN Holdings, Inc. reported a net loss of $1.987 million, a significant increase from the $975,000 loss reported in the same quarter of the previous year. The company’s revenue for the quarter was $543,000, slightly up from $535,000 in the same period last year, but the increase in operating expenses, particularly selling, general, and administrative expenses, contributed to the larger net loss.
Key financial metrics from the report highlight a challenging period for TEN Holdings, Inc. The company saw its gross profit decrease to $405,000 from $426,000 year-over-year, while operating expenses surged to $2.332 million from $1.325 million in the previous year. This increase in expenses was primarily driven by a rise in selling, general, and administrative costs, which more than doubled. Additionally, the company reported a substantial increase in its accumulated deficit, which now stands at $11.529 million.
Despite these challenges, TEN Holdings, Inc. has made strategic moves to bolster its financial position. The company completed an initial public offering earlier in the year, raising approximately $8.9 million in net proceeds. It also engaged in a share repurchase program and settled outstanding claims through the issuance of shares. These actions reflect the company’s efforts to manage its financial resources and address its liabilities.
Looking ahead, TEN Holdings, Inc. faces significant hurdles as it seeks to improve its financial performance. The company acknowledges the substantial doubt about its ability to continue as a going concern, citing the need to attract and retain revenue-generating customers and secure additional financing. Management remains focused on navigating these challenges and exploring opportunities for growth and sustainability in the evolving events industry.