TEN Holdings, Inc. Reports Full Year 2024 Financial Results

TEN Holdings, Inc. Reports Full Year 2024 Financial Results

Benzinga
March 28, 2025

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.

"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. During the year, we invested in research and development and capital expenditures to prepare to execute on our growth initiatives. By working towards strengthening and enhancing our customer relations, expanding the scope of the Xyvid Pro Platform, and the integration of a new platform-as-a-service (PaaS) model, I am confident that we will build a solid foundation that is necessary to capitalize on our competitive strengths to provide revenue and margin performance to drive value for our shareholders," commented TEN Holdings Chief Executive Officer, Randolph Wilson Jones III.

Business Highlights

The Company initiated preparations for its initial public offering ("IPO") in 2024, successfully completing the IPO on February 18, 2025, with the Company's securities now trading on the Nasdaq Stock Market under ticker symbol "XHLD."

For the year ended December 31, 2024, nine of our top ten customers, in terms of our revenue, were repeat customers.

The Company reengineered it's go-to-market strategy with the addition of a new sales executive, realignment of its sales force, and by enhancing demand generation initiatives through industry conferences and digital advertising campaigns to drive engagement.

The Company began the development of its new platform-as-a-service (PaaS) model to drive recurring revenue streams.

Earnings Results

The Company reported fiscal year 2024 total revenues of $3.5 million, down 5.8% from $3.7 million in ...

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