TEN Holdings Q1 revenue falls 34.5% to $739K; net loss widens to $4.8M on stock comp

TEN Holdings, Inc.

2025-Q1 EPS reported -$0.18 revenue$739,000

Revenue decreased 34.5% to $739K, mainly due to a biennial event series with its largest customer that did not repeat in 2025.
Net loss was $4.836M ($0.18 per share) vs $405K ($0.02) a year ago; non-GAAP loss $1.324M ($0.05) excl stock comp.
SG&A surged 328% to $5.166M, driven by $3.512M stock compensation expense from IPO option vesting.
Cash used in operations was $6.785M vs $581K in Q1 2024; cash balance $247K.
Company plans to invest in sales, PaaS model, and potential M&A.

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