secwatch.observer — SEC 8-K summary
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Issuer:     zSpace, Inc. (ZSPC)
CIK:        0001637147
Form:       8-K
Filed at:   2026-08-13T20:05:11+00:00
Accession:  0001104659-26-095890
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

zSpace Q2 2026: revenue down to $5.4M but swings to $0.3M net income; margins at 56%
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- Revenue $5.4M vs $7.5M YoY; bookings $6.0M down 14%; backlog $3.8M; EMEA orders delayed/returned due to Iran war.
- Net income $0.3M vs net loss $6.1M; adjusted EBITDA loss narrowed to $0.9M from $4.5M; gross margin 56%, up 1,380 bps.
- Eliminated over $12M debt via lender conversions to equity; one-time gain will not recur; cash $0.9M vs $1.4M YoY.
- ACV $9.4M down 13% YoY; NDRR 66% (83% normalized, excluding two customer losses in Q3 2025).
- Board's strategic alternatives review remains ongoing; appointed VR Expert as first European master reseller.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637147/000110465926095890/0001104659-26-095890-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637147/000110465926095890/zspc-20260813x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-095890

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer