TEN Holdings Inc. has announced its financial results for the first quarter of 2025, revealing a total revenue of $739,000. This represents a decrease of $389,000, or 34.5%, from the $1,128,000 reported in the first quarter of 2024. The company experienced a net loss of $4,836,000 for the first quarter of 2025, compared to a net loss of $405,000 in the same period the previous year. This increase in net loss was primarily attributed to a rise in selling, general, and administrative expenses, which surged by $3.96 million to $5.166 million, largely due to stock compensation expenses associated with the vesting of employee stock options from the IPO. TEN Holdings' gross profit margin remained nearly unchanged at 74.8%, compared to 74.9% in the first quarter of 2024. Interest expenses increased to $69,000 from $26,000 in the previous year's first quarter. The non-GAAP loss for the quarter, excluding stock-based compensation, was $1.324 million, compared to a non-GAAP loss of $405,000 in the first quarter of the previous year. The company reported cash and cash equivalents of $247,000 as of March 31, 2025, an increase from $48,000 on December 31, 2024. Net cash used in operating activities rose significantly to $6.785 million from $581,000 in the first quarter of 2024. Net cash used in investing activities was $273,000, slightly up from $269,000 in the same quarter a year ago. TEN Holdings' CEO, Randy Jones, stated that the company believes it is well-positioned to invest in, partner with, and acquire businesses that provide complementary and strategic advantages. These steps are anticipated to offer competitive advantages, margin expansion, customer growth, diversification, and predictable cash flow generation, which are expected to drive revenue growth and improvements in the bottom line moving forward.