TEN Holdings, Inc. ( (XHLD) ) has released its Q1 earnings. Here is a breakdown of the information TEN Holdings, Inc. presented to its investors.
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TEN Holdings, Inc., based in Pennsylvania, specializes in event planning, production, and broadcasting services, with a focus on virtual, hybrid, and physical events supported by its proprietary Xyvid Pro Platform. In the first quarter of 2025, TEN Holdings reported a significant decline in revenue, down 34.5% to $739,000 compared to the same period last year. This decrease was primarily due to the absence of a major event series and fewer physical events. Despite a stable gross profit margin, the company faced a substantial increase in net loss, attributed to higher selling, general, and administrative expenses, largely from stock compensation and marketing costs. The company also saw a rise in interest expenses and a significant increase in net cash used in operating activities. Looking ahead, TEN Holdings aims to strengthen its market position by enhancing its Xyvid Pro Platform with new features, focusing on recurring revenue through its PaaS model, and exploring strategic acquisitions and partnerships to drive growth and competitiveness.