Company Description
TEN Holdings, Inc. (NASDAQ: XHLD) is a communication services company that, through its subsidiary Ten Events, Inc., operates in the event planning, production, and broadcasting industry. Headquartered in Pennsylvania, the company focuses on producing virtual and hybrid events as well as physical events, combining planning, production, and broadcasting capabilities for clients that require professional event execution.
The company’s business centers on two main categories of events. Virtual and hybrid events involve virtual and hybrid event planning, production and broadcasting services, and continuing education services. These offerings are supported by TEN Holdings’ proprietary Xyvid Pro Platform, which is used to deliver and manage online event experiences. Physical events mainly involve live streaming and video recording of in‑person events, allowing clients to extend the reach and documentation of their physical gatherings.
According to company disclosures, TEN Holdings operates its business as one operating segment with two revenue types: Hybrid and Virtual Events and Physical Events. Revenue from delivered events is reported separately for virtual and hybrid events and for physical events, reflecting the operational and cost differences between these formats. Physical events tend to involve a higher labor component, while virtual and hybrid events are closely tied to the company’s technology platforms.
TEN Holdings emphasizes the development and enhancement of its technology platforms. The company has highlighted plans to enhance the Xyvid Pro Platform by introducing interactive features to boost attendee engagement, integrating advanced data analytics, and improving scalability and flexibility. It has also described the development of Ten Events Pro, a software-as-a-service product that provides professional-grade production quality for virtual and hybrid events. An early adopter program for Ten Events Pro has been launched, and the company has entered into a technical partnership with Webinar.net to accelerate the platform’s development and expand its capabilities.
Partnerships form an important part of TEN Holdings’ strategy. The company has announced a strategic agreement with V-Cube, Inc., its controlling stockholder, to unify technologies and expertise and deliver advanced communication and event technology tailored for the North American enterprise market. This collaboration is focused on deploying V-Cube’s enterprise-grade event technology across North America and integrating it with TEN Holdings’ market reach. The company has also entered into a digital reseller program agreement with Xcyte Digital Corporation, giving TEN Holdings the right to integrate, bundle, and resell Xcyte’s conferencing products and services as part of its offerings.
In addition to technology and reseller agreements, TEN Holdings has engaged MicroCap Advisory, LLC under a market awareness agreement to provide investor communications and market awareness services. The company participates in multiple investor conferences, including events such as the H.C. Wainwright Annual Global Investment Conference, the LD Micro Main Event, the MicroCap Rodeo Fall Conference, and the Spartan Capital Investor Conference, where it presents its business, strategy, and progress to institutional investors and other market participants.
From a corporate and regulatory perspective, TEN Holdings is incorporated in Nevada and its common stock is listed on The Nasdaq Stock Market LLC under the symbol XHLD. The company has described itself as an emerging growth company in SEC filings. It has reported that it received Nasdaq deficiency letters relating to the minimum bid price requirement and audit committee composition, and later disclosed that it regained compliance with Nasdaq Listing Rule 5550(a)(2) and Listing Rule 5605. TEN Holdings has also announced a 1‑for‑15 reverse stock split of its common stock, with the stock expected to begin trading on a split-adjusted basis under the same symbol XHLD and a new CUSIP number.
The company has used capital markets transactions to support its operations and financial position. It entered into a settlement agreement with Sunpeak Holdings Corporation under which Sunpeak agreed to purchase certain outstanding payables, and later entered into a release agreement that terminated further obligations under that settlement in exchange for a cash payment. TEN Holdings has also announced a private placement of common stock through stock purchase agreements with certain investors, with the stated intention to use net proceeds for repayment of certain existing debt obligations and for working capital and general corporate purposes.
Management and governance updates are a recurring theme in the company’s disclosures. TEN Holdings has appointed a new Chief Financial Officer, Virgilio D. Torres, and later disclosed that he also serves as a director and a member of the audit committee. The company has also reported the appointment of independent directors, including Yuji Ishida and Gan Yong Sheng, to fill board vacancies and to serve on the audit committee, with Mr. Ishida serving as chair. These appointments were part of the company’s efforts to align with Nasdaq’s corporate governance requirements.
In its financial communications, TEN Holdings has highlighted year-over-year revenue growth in certain quarters and has attributed changes in revenue to shifts between virtual, hybrid, and physical events, as well as the timing of events for specific customers. The company has also noted that operating expenses have increased due to costs associated with being a publicly traded company, including legal, audit, listing, insurance, and capital markets advisory expenses. It has discussed plans to focus on recurring revenue streams through platform-based models and to identify, invest in, partner with, and acquire businesses that offer complementary and strategic advantages.
Within the broader communication services and broadcasting sector, TEN Holdings positions itself as a provider of event-centric production and broadcasting services supported by proprietary and partner technologies. Its focus on virtual, hybrid, and physical events, combined with platform development such as Xyvid Pro and Ten Events Pro and partnerships with technology providers like Webinar.net, V-Cube, and Xcyte, defines its role in delivering event and communication solutions to enterprise and other clients.
Business Model and Operations
TEN Holdings’ business model is based on producing and supporting events for clients across virtual, hybrid, and physical formats. The company’s services include event planning, production, and broadcasting, along with continuing education services tied to its virtual and hybrid offerings. The Xyvid Pro Platform underpins much of its virtual and hybrid event activity, and the company has indicated a focus on enhancing this platform and developing additional software products.
The company reports its operations as one segment with two revenue types: Hybrid and Virtual Events and Physical Events. Within this structure, revenue from delivered events is influenced by the mix and timing of virtual, hybrid, and physical engagements. Physical events often involve live streaming and video recording, while virtual and hybrid events rely more heavily on the company’s platforms and online delivery capabilities.
Capital Markets and Corporate Actions
TEN Holdings’ SEC filings describe various corporate actions and capital markets activities. These include the implementation of a reverse stock split, responses to Nasdaq listing deficiency notices, and a private placement of common stock. The company has also entered into agreements related to settlement of payables and investor relations services. Through these actions, TEN Holdings has sought to address listing requirements, manage its capital structure, and support its investor outreach.
Technology and Partnerships
The company’s disclosures emphasize technology development and partnerships as key elements of its strategy. Xyvid Pro is identified as a proprietary platform supporting virtual and hybrid events, and Ten Events Pro is described as a software-as-a-service product aimed at delivering professional-grade production quality. The partnership with Webinar.net is intended to accelerate Ten Events Pro’s development and expand its engagement features. The strategic agreement with V-Cube focuses on deploying enterprise-grade event technology in North America, while the reseller agreement with Xcyte allows TEN Holdings to incorporate additional conferencing products and services into its offerings.
Investor and Market Engagement
TEN Holdings regularly participates in investor conferences and has engaged external advisors for market awareness and investor communications. These activities are intended to present the company’s story, highlight its milestones, and build relationships with investors and the broader investment community. Through its SEC filings and press releases, the company provides updates on financial results, corporate governance, partnerships, and strategic initiatives.