TenX Protocols Reports Q1 Results with Increased Staking Revenue and Net Loss
TenX Protocols Inc., listed as TNX:CA on the TSX Venture Exchange, reported its first-quarter financial results for 2026. The company's staking revenue rose significantly to C$115,323 in Q1 compared to just C$17,549 during the same period a year earlier. Despite this growth, TenX recorded a net loss of C$2,813,752 for the quarter, which is notably higher than the previous year's net loss of C$176,059. The company ended Q1 with cash reserves totaling C$4,223,616 as of June 30, 2026. This represents a slight decrease from its March 31 balance of C$4,796,818. The results highlight the ongoing financial challenges faced by TenX Protocols despite an increase in staking revenue.
Topics: cash balance financials net loss revenue