zSpace Q4 revenue falls 30% to $8.5M; FY net loss widens to $20.8M

zSpace, Inc.

Revenue Q4 2024 $8.5M vs $12.1M year ago; FY revenue $38.1M vs $43.9M in 2023.
Net loss Q4 $(3.6)M improved from $(4.1)M; FY net loss $(20.8)M vs $(13.0)M in 2023.
Gross margin improved to 40.7% (Q4) and 40.9% (FY) vs 34.7% and 38.5% a year ago.
Cash and equivalents $4.9M at Dec 31, 2024, up from $3.1M; backlog $9.2M reflecting strong demand.
ACV of renewable software $11.3M (+6% YoY); NDRR at 92% for customers >$50K ACV.

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