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Exhibit 99.1 TEN Holdings Reports Second Quarter 2026 Financial Results LANGHORNE , Pa . , August 10 , 2026 TEN Holdings , Inc. ( Nasdaq : XHLD ) , through its subsidiary , Ten Events , Inc. ( “ Ten Events " or the " Company " ) , an event technology company powering virtual , hybrid , and webinar experiences for enterprise customers , supported by production and managed services , today announced its financial results for the quarter ended June 30 , 2026 . Management Commentary " Second quarter revenue reflected the timing of customer activity rather than a change in underlying demand for our services , " said Virgilio Torres , Chairman , Chief Executive Officer and Chief Financial Officer of TEN Holdings . “ A number of opportunities we expected to close during the quarter shifted into the third quarter of 2026 , and we expect the related revenue to be recognized as those events are delivered . " The completion of our $ 7.5 million offering on June 30 , 2026 was an important milestone for the Company . It strengthened our balance sheet , with cash and cash equivalents increasing to $ 5.8 million at quarter end from $ 1.6 million at the start of the year and gives us the capital to execute the strategic priorities we outlined in July : strengthening working capital , expanding product development , building artificial intelligence capabilities , and pursuing key strategic acquisitions . " We are advancing our platform roadmap , including new AI - driven analytics , automated captioning , and workflow capabilities , while continuing to build on our partnership with Webinar.net to expand our technology ecosystem . At the same time , we are pursuing a disciplined acquisition strategy targeting complementary , accretive businesses that can broaden our recurring revenue base . " We remain committed to prudent capital allocation and financial discipline as we scale , and we believe the combination of an improving cost structure , a strengthened balance sheet , and a clear strategic roadmap positions TEN Holdings to build long - term value for our shareholders . " Financial Results The Company's second quarter 2026 revenue decreased by $ 385,000 , or 34.5 % , to $ 731,000 , compared to $ 1.1 million in the second quarter of 2025. The decrease was primarily driven by lower revenue from one of the Company's largest customers , together with a number of opportunities that shifted into the third quarter of 2026 . ● Platform usage revenue decreased by $ 0.4 million , or 45.1 % , to $ 469,000 , primarily due to lower revenue from one of the Company's largest customers . • Professional and managed services revenue was largely unchanged , increasing by $ 1,000 , or 0.4 % , to $ 262,000 .