Business
TEN Holdings, Inc. Reports Full Year 2024 Financial Results
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.
About this update from Ten Holdings, Inc.
[{"type":"text","content":"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.","length":273,"tagName":"p"},{"type":"image","alt":"Company Logo","displaySize":"","headline":null,"caption":"Company Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":311,"height":175,"url":"https://media.zenfs.com/en/prnewswire.com/1491a495283c1e629ff3f14ab58a1f77"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/gg.yQXDxB0DklOvMkhPA1Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIzNjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/1491a495283c1e629ff3f14ab58a1f77","width":311,"height":175}},"href":"https://mma.prnewswire.com/media/2653228/TEN_Holdings_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""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.","length":755,"tagName":"p"},{"type":"text","content":"Business Highlights ","length":19,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"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."","length":258,"tagName":"p"}]},{"val":[{"type":"text","content":"For the year ended December 31, 2024, nine of our top ten customers, in terms of our revenue, were repeat customers.","length":116,"tagName":"p"}]},{"val":[{"type":"text","content":"The Compan...