TEN Holdings, Inc. (XHLD) Form 8-K — Nov 6, 2026
TEN Holdings reported Q3 2026 revenue of $640,000, up 17.9% year over year, but its net loss widened 87.9% to $3.73 million, or $(0.31) per share, driven by a $1.8 million write-off of capitalized service contracts and roughly $0.5 million in litigation-related legal expenses. The company launched its new TEN Digital Experience Platform during the quarter, which it positions as the foundation of a shift from managed services to a recurring SaaS model supporting up to 50,000 concurrent attendees. Management also reduced total liabilities by about 74% to $2.0 million and cut annual operating costs by roughly $2.5 million.
Key figures
- Revenue
- 640000
- Guidance
- No formal guidance; management outlined priorities of transitioning to a SaaS model on the TEN platform, expanding TEN capabilities, and pursuing accretive acquisitions.
- Revenue Yoy
- 17.9%
- Cash Position
- 3500000
- Sga yoy pct
- 88.2%
- Sga expenses
- 4113000
- Legal expenses
- 500000
- Q3 2025 revenue
- 543000
- Gross margin pct
- 59.2
- Total liabilities
- 2000000
- Weighted avg shares
- 11999366
- Operating cash use q3
- 2700000
- Shelf registration size
- 100000000
- Prior year gross margin pct
- 74.6
- Capitalized contract writeoff
- 1800000
- Nine month operating cash use
- 5400000
- Prior year weighted avg shares
- 2359622
- Short term related party loans
- 100000
- Total liabilities prior yearend
- 7700000
- June 2026 offering gross proceeds
- 7500000
AI analysis
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