TEN Holdings Q3 revenue rises, helped by new and existing customers
Reuters2026/11/06 22:44
Overview
US digital experience platform's Q3 revenue rose 17.9% yr/yr, driven by new and existing customers
Net loss widened, mainly due to $1.8 mln write-off and $0.5 mln legal expenses
Company reduced total liabilities by 74%
Outlook
Company plans to continue transition to a recurring, subscription-based SaaS model
TEN Holdings aims to expand platform capabilities, including AI, automation, and analytics
Company intends to pursue acquisitions of businesses that add revenue, EBITDA, and complementary technology
Result Drivers
NEW CUSTOMER ENGAGEMENTS - Revenue growth was driven by completion of customer transactions initiated in prior periods and contributions from new customers
SHIFT TO MANAGED SERVICES - Professional and managed services revenue jumped 307.7%, offsetting a decline in platform usage revenue
NON-RECURRING EXPENSES - Net loss was impacted by a $1.8 mln write-off of service contracts and $0.5 mln in legal expenses
Company press release: ID:nPn9wbDBma
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q3 Revenue |
|
$640,000 |
|
Analyst Coverage
The stock recently traded at 0 times the next 12-month earnings vs. a P/E of 1 three months ago
Reuters Recommended Reads
Nov 5 - Appian Q3 revenue beats estimates on cloud subscription growth
Nov 5 - Five9 Q3 revenue beats analyst estimates driven by subscriptions
Nov 4 - HubSpot Q3 revenue beats estimates driven by subscription growth
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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