COMP <GO>

AXNX vs XHLD // EV/EBITDA & P/E VALUATION

Axonex AI Group Limited (Class A) (NASDAQ) VS. TEN Holdings Inc. (NASDAQ) • 15-METRIC TALLY: AXNX 1 — XHLD 2

■ METRIC PARITY

LAST: $1.03 (+9.57%) • MKT CAP: $6.5M

valuation

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LAST: $1.00 (+3.09%) • MKT CAP: $12.0M

valuation

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (AXNX VS. XHLD) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	AXNX	XHLD	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	78.60%	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	—	-35.00%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	-16.24%	—	—	TIE	/fcf-yield <GO>
Operating Margin	—	-60.00%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	-60.00%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	-11.40%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	0.20	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	1/9	3/9	-2.00	XHLD	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	35.0	33.6	+1.36	AXNX	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$6.5M	$12.0M	-$5.4M	XHLD	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	AXNX REV	XHLD REV	AXNX GROSS %	XHLD GROSS %	AXNX FCF	XHLD FCF
FY 2025	$0	$3.1M	—	78.6%	-$1.1M	-$10.1M
FY 2024	$3.1M	$3.5M	23.8%	81.4%	-$3.3M	-$2.5M
FY 2023	$4.1M	$3.7M	—	—	$756.5K	-$265.0K

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

AXNX // BETA —

XHLD // BETA —