US EditionTEN Holdings, Inc. Reports Full Year 2024 Financial Results
- On March 28, 2025, TEN Holdings, Inc., a Pennsylvania-based event planning, production, and broadcasting services provider listed on Nasdaq as XHLD, announced its full year 2024 financial results for the year ended December 31, 2024, via PRNewswire from Langhorne, Pa.
- TEN Holdings' 2024 financial results reflect a decrease in revenue by 5.8% to $3.5 million compared to $3.7 million in 2023, which the company attributes to a 2023 virtual and hybrid event that did not repeat, though revenue from physical events increased due to corporate restructuring.
- The company's net loss for fiscal year 2024 increased to $2.97 million, or per share, due to lower revenues and higher expenses, including a $97,000 increase in the cost of revenue, a $648,000 increase in selling, general, and administrative expenses, $128,891 in research and development expenses, and $210,000 in interest expenses.
- CEO Randolph Wilson Jones III stated, "Fiscal year 2024 was a building year for our business, as we worked to develop a pipeline of new strategies and markets that we can grow over the next few years," while also expressing confidence in building a solid foundation to drive value for shareholders.
- To promote future growth, TEN Holdings plans to strengthen customer relationships, increase marketing efforts, enhance the Xyvid Pro Platform, launch a new PaaS model, and identify strategic business partnerships, despite a decrease in total cash from approximately $357,000 in 2023 to $48,000 as of December 31, 2024, and an increase in net cash used in operating activities.
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The Berkshire Eagle
TEN Holdings, Inc. Reports Full Year 2024 Financial Results
LANGHORNE, Pa., March 28, 2025 /PRNewswire/ -- TEN Holdings, Inc. (Nasdaq: XHLD) ("TEN Holdings" or the "Company"), a provider of event planning, production, and broadcasting services, today announced its full year 2024 financial results.
TEN Holdings Reports 2024 Financial Results and Strategic Developments
LANGHORNE, PA — TEN Holdings, Inc. (Nasdaq: XHLD) has released its financial results for fiscal year 2024, marking a year focused on growth initiatives and strategic transformation. The company’s 2024 total revenues were $3.5 million, a slight decline of 5.8% from $3.7 million in 2023. This decrease was primarily attributed to the absence of a one-time virtual event held in 2023. However, revenue from physical events grew by $91,000, reflecting …
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