TEN Holdings Q2 2026 revenue down 34.5% to $731K; net loss $3.0M

TEN Holdings, Inc.

2026-Q2 EPS reported -$1.43 revenue$1,584,000

Q2 2026 revenue fell 34.5% YoY to $731K; platform usage revenue down 45.1% to $469K.
Net loss widened to $3.0M ($0.70/sh) from $2.8M ($1.95/sh); SG&A up 67.6% to $3.6M.
Closed $7.5M offering on June 30 (7.5M shares at $1.00); cash rose to $5.8M from $1.6M.
Management attributes revenue drop to timing; expects shifted opportunities recognized in Q3 2026.
Gross margin improved to 85.8% from 84.3%; H1 operating cash use down to $2.7M.

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