{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-011585","form_type":"8-K","ticker":"XHLD","cik":"0002030954","company_name":"TEN Holdings, Inc.","filed_at":"2025-05-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.710967+00:00","generated_at":"2026-05-21T00:36:05.129555+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"TEN Holdings Q1 revenue falls 34.5% to $739K; net loss widens to $4.8M on stock comp","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-011585","json":"https://secwatch.observer/filing/0001641172-25-011585.json","markdown":"https://secwatch.observer/filing/0001641172-25-011585.md","text":"https://secwatch.observer/filing/0001641172-25-011585.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2030954/000164117225011585/0001641172-25-011585-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2030954/000164117225011585/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T00:36:05.129555+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}