TEN Holdings Reports Second Quarter 2026 Financial Results
TEN Holdings reported Q2 2026 revenue of $731,000, down 34.5% year-over-year, and a net loss of $3.0 million, or $0.70 per share. Management attributed the revenue decline to timing shifts of opportunities into Q3 and lower revenue from a major customer. The company closed a $7.5 million public offering on June 30, 2026, increasing cash balances to $5.8 million from $1.6 million at the start of the year. Proceeds will support working capital, AI product development, and strategic acquisitions targeted for completion by December 2026.
Key figures
- Revenue
- 731000
- Revenue Yoy
- -34.5%
- Sga
- 3600000
- Net loss
- 3000000
- Cash balance
- 5800000
- Gross margin
- 85.8%
- Offering proceeds
- 7500000
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