Financial Performance - Fourth quarter 2024 revenue was $8.5 million, down 29.8% from $12.1 million in Q4 2023[5] - Full year 2024 revenue totaled $38.1 million, a decrease of 13.2% compared to $43.9 million in 2023[5] - The net loss for Q4 2024 was $(3.6) million, an improvement from $(4.1) million in Q4 2023; full year net loss was $(20.8) million compared to $(13.0) million in 2023[10] - Bookings in Q4 2024 were $5.3 million, down 3% from $5.5 million in Q4 2023; full year bookings reached $41.5 million, up 1% from $41.1 million in 2023[8] Gross Margin - Gross margin improved to 40.7% in Q4 2024 from 34.7% in Q4 2023, and for the full year, it increased to 40.9% from 38.5%[5][8] Contract Value - Annualized Contract Value (ACV) of renewable software increased by 6% to $11.3 million as of December 31, 2024, from $10.6 million a year ago[7] Customer Acquisition - zSpace secured a $5 million deal with St. Louis Public Schools, marking its largest customer win to date[5] Product Development - The company launched the Career Readiness Solution featuring an AI Career Coach, which has been well-received and addresses the demand for education-to-workforce solutions[5] Cash Position - As of December 31, 2024, zSpace had approximately $4.9 million in cash and cash equivalents, up from $3.1 million a year earlier[11] Growth Strategy - The company aims to drive growth through deeper penetration in K-12 STEM and CTE markets, international expansion, and strategic investments in R&D and software acquisitions[3]