zSpace Q1 revenue $6.8M (-13% YoY); net loss narrows to $5.8M

zSpace, Inc.

2025-Q1 EPS reported -$0.26 revenue$6,759,000

Revenue of $6.8M vs $7.8M YoY; gross margin improved to 47.4% from 34.5%.
Net loss of $5.8M vs $12.2M YoY; operating expenses (ex-SBC) $7.6M.
Software & services revenue grew 11% YoY; ACV of renewable software $11.6M (+10%).
Post-quarter, closed $20M convertible debt facility ($13M funded); used ~$6M to pay down debt.
Completed acquisitions of BlocksCAD and Second Avenue Learning; joined Russell 2000/3000.

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