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zSpace (ZSPC)

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Earnings summaries and quarterly performance for zSpace.

Recent press releases and 8-K filings for ZSPC.

zSpace, Inc. Enters Securities Purchase Agreement and Issues Convertible Preferred Stock
ZSPC
Convertible Preferred Issuance
  • On January 23, 2026, zSpace, Inc. entered into a Securities Purchase Agreement (SPA) with an institutional investor to issue and sell Series P Preferred Stock and five-year warrants to purchase common stock.
  • At the initial closing on January 27, 2026, the investor purchased 1,500,000 shares of Series P Preferred Stock and Warrants to purchase 1,000,000 shares of Common Stock for an aggregate purchase price of $3,000,000.
  • The Series P Preferred Stock has a stated value of $2.00 per share and is entitled to cumulative dividends of 18% per annum, payable annually in additional shares of Series P Preferred Stock.
  • The Company and the Purchaser may agree to additional closings within one year of the Initial Closing, up to an aggregate limit of $10,000,000 for all purchases under the SPA.
Jan 29, 2026, 9:10 PM
zSpace Reports Q3 2025 Results with Revenue Decline Offset by Margin Expansion
ZSPC
Earnings
Product Launch
Demand Weakening
  • zSpace reported Q3 2025 revenues of $8.8 million, a 38% year-over-year decrease, but an 18% sequential improvement over Q2. Gross margins for the quarter were 51.2%, up 6.4 percentage points year-over-year, primarily due to software and services comprising 57% of total revenues.
  • Year-to-date revenues reached $23 million, down 22% year-over-year. The annualized contract value (ACV) of renewable software was $10.2 million as of September 30, 2025, down 10% year-over-year, and net dollar revenue retention (NDRR) was 77%, largely impacted by two major customers.
  • The company launched its Career Explorer application in Q3 and is leveraging AI for global expansion, with new deployments in Dubai, Italy, Bulgaria, and Poland. ZSPC also hinted at an upcoming new stylus expected to enhance user experience and improve hardware-related costs.
  • ZSPC continues to face challenges from ongoing macroeconomic and funding uncertainties in the U.S. education sector, leading them to refrain from issuing formal financial guidance. Adjusted EBITDA losses narrowed to below $2 million for Q3.
Nov 13, 2025, 10:00 PM
zSpace Reports Q3 2025 Financial Results with Revenue Decline and Increased Net Loss
ZSPC
Earnings
Demand Weakening
  • zSpace, Inc. reported a significant decline in revenue for Q3 2025, reaching $8.8 million compared to $14.2 million in Q3 2024, resulting in an increased net loss of ($6.2) million from ($0.2) million in the prior year period.
  • Despite the revenue decrease, gross margin expanded to 51% in Q3 2025 from 45% in Q3 2024, driven by software and services comprising 57% of revenue.
  • Operational metrics indicated weakening demand, with Annualized Contract Value (ACV) decreasing 10% to $10.2 million and Net Dollar Revenue Retention (NDRR) at 77% as of September 30, 2025.
  • Bookings for Q3 2025 were $7.4 million, a 37% year-over-year decrease, attributed partly to macroeconomic conditions and funding uncertainty.
  • The company's cash, cash equivalents and restricted cash stood at $4.3 million as of September 30, 2025, an increase from $3.2 million a year prior.
Nov 13, 2025, 9:08 PM
zSpace, Inc. Amends Convertible Note Terms and Approves Share Issuances
ZSPC
Debt Issuance
Convertible Preferred Issuance
Proxy Vote Outcomes
  • On October 15, 2025, zSpace, Inc. entered into an Amendment to Senior Secured Convertible Note, originally issued on April 11, 2025, for $13,978,495.
  • The amendment reduced the "Floor Price" for the convertible note from $1.98 per share to $0.60 per share.
  • It also revised "Equity Conditions" for stock payments, lowering the required minimum VWAP from $1.98 to $0.75 and the average daily trading volume from $300,000 to $200,000.
  • The note holder waived certain Events of Default as of October 15, 2025, and the Company committed to pay $509,493.69 by October 16, 2025, and $108,936.56 by November 14, 2025, for Cash True-Up Amounts.
  • At its Annual Meeting on October 15, 2025, stockholders approved the issuance of shares of Common Stock related to both the Convertible Promissory Note and a separate Common Stock Purchase Agreement.
Oct 17, 2025, 9:02 PM