LANGHORNE, PA — TEN Holdings, Inc. (Nasdaq: XHLD), the parent company of event planning and broadcasting provider TEN Events, Inc., reported a modest increase in revenue for the second quarter of 2025 but posted significantly wider losses as operating expenses surged following its transition to a public company.
Financial Performance
For the quarter ending June 30, 2025, TEN Holdings reported revenue of $1.12 million, up 9.1% from $1.02 million in the same period last year. Growth was driven largely by a substantial increase in physical event revenue, which climbed 82.6% to $240,000, bolstered by roughly $100,000 in new client business.
Virtual and hybrid event revenue, however, dipped by 1.8%, reflecting clients shifting events to later in the year.
Despite stronger top-line performance, the company recorded a net loss of $2.78 million, or $(0.13) per share, compared to a loss of $408,000, or $(0.02) per share, a year earlier.
Rising Costs and Strategic Investments
Operating expenses jumped 73% year-over-year to $2.15 million, driven primarily by higher costs associated with TEN Holdings’ public company status. These included legal, compliance, audit, investor relations, and advisory fees.
An additional $1.43 million in one-time costs tied to a transaction with Sunpeak Holdings Corporation and higher interest expenses contributed to the widening losses. Interest expenses rose to $80,000, up from $48,000 in the prior-year quarter.
Chief Executive Officer Randolph Wilson Jones III said the company is focused on long-term growth despite near-term cost pressures. “We are building a stronger, more resilient company positioned to deliver innovative solutions, expand our market reach, and create lasting value for our shareholders,” Jones said.
Balance Sheet and Cash Flow
TEN Holdings ended the quarter with $739,000 in cash and cash equivalents, a significant improvement from $48,000 at year-end 2024. However, operating cash outflows increased sharply to $7.58 million, compared to $1.01 million a year ago, driven largely by a $3.5 million non-cash stock option expense recognized during the quarter.
Investments in software development and related technology infrastructure totaled $529,000, roughly in line with last year’s $541,000.
Outlook
Management signaled continued investment in scaling operations, enhancing products, and strengthening client relationships, even as it seeks to balance spending with profitability targets. With its growing base of physical events and improved sales infrastructure, TEN Holdings aims to leverage its expanded capabilities to capture new opportunities while navigating the costs of being a publicly traded company.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.