zSpace Q1 revenue $5.3M, net loss up to $6.9M; Board launches strategic review

zSpace, Inc.

Revenue $5.3M, down 22% YoY; net loss ($5.9M)-($6.9M) vs ($5.8M).
Gross margin improved 570 bps to 53%; adjusted EBITDA loss narrowed to $2.1M from $4.4M.
Board initiates formal strategic alternatives review to maximize shareholder value; may include sale.
Cash increased to $2.9M from $1.1M; ACV $10.1M (-13% YoY).
Bookings $6.1M (-8% YoY); backlog $3.8M; CEO cites Iran war delays and federal shutdown impacts.

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