Tue, May 20, 10:09 AM (32 days ago)
**TEN Holdings, Inc. (XHLD) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $739,000 (down 34.5% YoY from $1,128,000). - **Net Loss:** $4,836,000 (up 1,094.1% YoY from $405,000). - **Gross Profit:** $553,000 (down 34.6% YoY from $845,000). - **Operating Expenses:** $5,315,000 (up 336% YoY from $1,219,000). - **Cash Flow from Operations:** -$6,785,000 (up from -$581,000 YoY). **Profit Margins:** - **Gross Margin:** 74.6% (down from 75% YoY). - **Operating Margin:** -644.5% (down from -33.2% YoY). **Cash Flow:** - **Operating Cash Flow:** -$6,785,000 (up from -$581,000 YoY). - **Investing Cash Flow:** -$273,000 (up from -$269,000 YoY). - **Financing Cash Flow:** $7,257,000 (up from $917,000 YoY). **Earnings Changes:** - **Basic and Diluted Net Loss per Share:** -$0.18 (up from -$0.02 YoY). **Quarterly Performance Discussion:** - Revenue decreased due to the absence of a significant event series with the largest customer and reduced physical events. - Operating expenses surged due to stock compensation, marketing, and increased payroll. - Net loss significantly increased due to higher operating expenses and lower revenue. **Trends and Uncertainties:** - Dependence on a few large customers and suppliers. - Seasonal fluctuations in revenue. - Potential risks from economic downturns and regulatory changes. - Dependence on related parties for financing and resources. **Future Operations Impact:** - Plans to use IPO proceeds for advisory services, loan repayments, marketing, working capital, and R&D. - Focus on attracting new customers and retaining existing ones. - Potential challenges in managing growth and executing strategies. **Risk Factors:** - Significant operating and net losses. - Dependence on a few customers and suppliers. - Economic and market uncertainties. - Regulatory and legal risks. - Dependence on related parties for financing. **Future Outlook:** - Continued focus on growth and market expansion. - Potential challenges in maintaining profitability and cash flow. - Need for additional financing and strategic partnerships.