TEN Holdings FY2025 revenue falls 11.4% to $3.1M; net loss widens to $19.5M from $2.97M

TEN Holdings, Inc.

Net loss of $19.5M ($8.58 per share) vs $2.97M ($1.78) in FY2024; SG&A surged 183% to $15.3M, including $10M non-cash charges.
Revenue $3.1M, down 11.4% YoY; virtual/hybrid events fell $0.5M due to loss of a large customer event series.
Gross margin contracted to 78.6% from 81.4%; cash improved to $1.63M from $48k via $18.2M financing proceeds.
Operating cash outflow increased to $10.3M from $2.5M, driven by public company costs and higher net loss.
New customers doubled to 16; partnerships with Webinar.net (expected $1.2-1.7M annual savings) and V-Cube to drive growth.

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GMR Solutions Q1 revenue $1.46B (+6.6% YoY), net income $106M (+180% YoY), guides FY26 rev $5.9-6.2B

GMR Solutions Inc. June 1, 2026, 4:45 PM ET earnings Items 2.02, 9.01