Financial Performance - Revenue for Q3 2025 was $8.8 million, down 38% from $14.2 million in Q3 2024[4] - Net loss for Q3 2025 was ($6.2) million, compared to a net loss of ($0.2) million in Q3 2024[4] - Bookings in Q3 2025 were $7.4 million, a decrease of 37% year-over-year[7] Revenue Composition - Software and services accounted for 57% of total revenue, up from 46% year-over-year[4] - Annualized Contract Value (ACV) of renewable software decreased by 10% year-over-year to $10.2 million[6] - Net Dollar Revenue Retention (NDRR) was 77% for customers with over $50,000 of ACV, down from the previous year[7] Product and Technology Initiatives - zSpace deployed its Career Coach AI and STEM learning technology in Danbury Public Schools, serving over 12,000 students[4] - The company partnered with GEMS Education to expand its AR/VR learning solutions in Dubai[4] - zSpace launched zKnow™, an AI-assistant for educators, enhancing classroom efficiency[12] Profitability Metrics - Gross margin increased to 51% from 45% in the same quarter last year, reflecting a 640 basis point improvement[4]
zSpace Inc(ZSPC) - 2025 Q3 - Quarterly Results