Ten Posts 9 Percent Revenue Gain in Q2
Ten (NASDAQ:XHLD), a virtual event technology specialist, reported second-quarter earnings for fiscal 2025 on August 14, 2025. The most significant takeaway from this period was a healthy year-over-year revenue gain—up 9.1% (GAAP).—countered by a substantial increase in net loss. Net loss (GAAP) deepened to ($2.78 million), or ($0.13) per share, compared with a net loss of $408,000, or ($0.02) per share, in Q2 2024. There were no formal analyst estimates available. Overall, the quarter illustrated revenue traction alongside a pressing need to contain costs, as public company expenses and a one-off Sunpeak Holdings Corporation transaction weighed on results.
Ten is a provider of technology and services for virtual, hybrid, and physical events, building on its proprietary Xyvid Pro Platform. The company's software allows organizations to host interactive webcasts and live experiences with customizable, scalable options for audiences ranging from a few participants to tens of thousands. Its main revenue comes from producing virtual, hybrid, and physical events for a diverse range of customers, including technology firms, healthcare organizations, educational institutions, marketing and advertising agencies, nonprofits, and companies of various sizes.
The Xyvid Pro Platform sits at the center of Ten’s business strategy. This proprietary event platform is designed to offer advanced engagement, analytics, and production capabilities, giving Ten a competitive edge in a digitized event industry. The company’s recent focus has included investments in technology, service expansion, and building out the sales organization.
Source Fool.com
