Immersive AR/VR Experience Builds Student Skills in Measurement, Machining, and Quality AssuranceSAN JOSE, Calif., Nov. 19, 2025 (GLOBE NEWSWIRE) -- zSpace, Inc. (NASDAQ: ZSPC), a global leader in immersive augmented reality (AR) learning solutions for education, today announced the release of Precision Measurement by zSpace, an immersive training application designed to enhance Career and Technical Education (CTE) programs focused on manufacturing, machining, and quality assurance. Precision Measurement en ...

Core Insights - zSpace, Inc. is introducing its immersive AR/VR technology to Hopi Day School in Arizona, aiming to enhance STEM education for rural students [1][2] - The initiative focuses on providing hands-on learning experiences that were previously inaccessible due to geographic and technological barriers [2][6] Company Overview - zSpace, Inc. specializes in augmented and virtual reality solutions for education, with a strong presence in over 3,500 educational institutions [7] - The company holds over 70 patents and emphasizes "learning by doing" to improve student engagement and academic performance [7][8] Educational Impact - The integration of zSpace Imagine AR/VR laptops allows students to engage in various STEM activities, such as virtual dissections and engineering simulations, without the need for specialized equipment [5][6] - The program aims to foster curiosity and career readiness among students, particularly in underserved communities [3][6] Community Engagement - Hopi Day School's initiative is part of a broader effort to provide equitable educational opportunities in Native American schools, following successful implementations in other districts [6] - The school aims to create an active, student-led learning environment that connects students with real-world applications of STEM [6][7]

Core Insights - zSpace reported its financial results for the second quarter and first half of 2025, highlighting strategic progress despite macroeconomic challenges [1][2] Financial Performance - Revenue for Q2 2025 was $7.5 million, unchanged from Q2 2024, amid funding uncertainties and order delivery delays [4][7] - Gross margin increased by 213 basis points to 43% compared to 40% in Q2 2024, attributed to better hardware cost profiles and more company-owned software content [4][7] - Net loss for Q2 2025 was ($6.1) million, compared to a net loss of ($4.7) million in Q2 2024 [9][7] - Operating expenses, excluding stock-based compensation, rose to $7.7 million in Q2 2025 from $6.5 million in Q2 2024 [9] Business Highlights - The launch of the Career Explorer application and the acquisition of Second Avenue Learning were significant milestones for zSpace [2] - zSpace's zSpace Imagine headset-free AR/VR laptop solution won the Future's Best of Show Award at ISTELive 25, marking the second consecutive year for this recognition [7] - The Career Explorer application is designed for students in grades 5–8 to explore high-demand careers through immersive simulations [7] Customer Metrics - Annualized Contract Value (ACV) of renewable software increased by 11% year-over-year to $10.9 million as of June 30, 2025 [8] - Net Dollar Revenue Retention (NDRR) was 131% for customers with over $50,000 of ACV, indicating strong customer retention and growth [8] Balance Sheet - As of June 30, 2025, zSpace had approximately $1.4 million in cash and cash equivalents, down from $3.0 million a year earlier [10] - Total liabilities were $34.4 million, a decrease from $42.8 million as of June 30, 2024 [20]

Core Viewpoint - zSpace plans to release its financial results for the second quarter of 2025 on August 14, 2025, after market close [1] Group 1: Financial Results Announcement - zSpace will host a conference call on August 14, 2025, at 5:00 p.m. ET to discuss the second quarter results, featuring CEO Paul Kellenberger and CFO Erick DeOliveira [2] - A live webcast of the conference call will be available on zSpace's investor relations website, and a replay will be accessible for a limited time [2] Group 2: Company Overview - zSpace, Inc. specializes in augmented and virtual reality (AR/VR) experiences aimed at enhancing STEM, CTE, and career readiness programs [3] - The company is trusted by over 3,500 educational institutions, including school districts and universities, to provide immersive learning experiences [3] - zSpace holds over 70 patents and its solutions have been shown to improve learning outcomes, as evidenced by a study published in the Journal of Computer Assisted Learning in 2021 [3]

Core Insights - zSpace is participating in the ISTE Live 25 Conference from June 30 to July 2, 2025, showcasing its latest educational solutions [1] - The company is debuting the Career Explorer app, designed to help students explore high-demand careers through immersive experiences [3] - Nicole Heaver has been recognized as the 2025 zSpace Educator of the Year for her innovative use of zSpace technology in her classroom [6] Product Highlights - The Career Explorer app will be available for the 2025-2026 school year, providing interactive career exploration tools [3] - zSpace is expanding its AR/VR content library with new lessons in STEM, CTE, and career exploration, along with success stories from educators [4] - The zSpace Imagine solution is designed for elementary education, offering an AR/VR experience without the need for headsets, featuring interactive 3D content and a precision stylus [5] Educational Impact - The featured session at the conference will discuss integrating design thinking and extended reality for sustainable educational models, particularly in rural areas [4] - zSpace's solutions are trusted by over 3,500 educational institutions, enhancing learning experiences that may be dangerous or impractical with traditional methods [8] - A study published in the Journal of Computer Assisted Learning indicates that zSpace's hands-on learning solutions can lead to higher student test scores [9]

Core Viewpoint - zSpace reported a revenue decline in Q1 2025 but highlighted growth in its higher-margin software and services business, which increased by 11% year-over-year. The company is optimistic about its strategic initiatives and long-term growth potential despite a challenging macro environment [2][3]. Financial Performance - Revenue for Q1 2025 was $6.8 million, down from $7.8 million in Q1 2024, primarily due to funding uncertainty and order delivery delays [5]. - Gross margin improved to 47.4% from 34.5% in the same period last year, attributed to a shift in revenue from hardware to software and services, and better hardware profitability from the Inspire 2 platform [6]. - Net loss for Q1 2025 was ($5.8) million, an improvement from a net loss of ($12.2) million in Q1 2024 [10]. Business Highlights - The company successfully transitioned to the next-generation Inspire 2 laptop and expanded its software capabilities through acquisitions of BlocksCAD and Second Avenue Learning [2]. - zSpace was included in the Russell 2000 and Russell 3000 Indexes, marking a significant milestone [8]. - The Annualized Contract Value (ACV) of renewable software increased to $11.6 million, a 10% rise from $10.6 million a year ago [7]. Operational Metrics - Bookings in Q1 2025 were $8.3 million, down 6% year-over-year, with a notable 78% decline in international bookings excluding China [9]. - Operating expenses, excluding stock-based compensation, were $7.6 million compared to $7.0 million in Q1 2024 [9]. Capital Structure - zSpace closed a $20 million convertible debt financing facility, with $13 million funded at closing, which will enhance its capital structure [3][8].

Core Viewpoint - zSpace plans to release its financial results for the first quarter ended March 31, 2025, on May 14, 2025, after market close [1] Group 1: Financial Results Announcement - zSpace will host a conference call on the same day at 5:00 p.m. ET / 2:00 p.m. PT, featuring the CEO and CFO [2] - A live webcast of the call will be available on the investor relations website, and a replay will be accessible for a limited time [2] Group 2: Company Overview - zSpace, Inc. provides AR/VR solutions aimed at enhancing STEM, CTE, and career readiness programs, serving over 3,500 educational institutions [3] - The company is headquartered in San Jose, California, holds over 70 patents, and its solutions have been shown to improve learning outcomes [3]

Core Points - zSpace has announced a change in the date for its fourth quarter and full year 2024 earnings conference call, now scheduled for March 28, 2025, at 8:00 a.m. ET [1] - A live webcast of the earnings call will be available on zSpace's investor relations website, and participants are encouraged to join 15 minutes early to avoid delays [2] - zSpace is a leader in augmented and virtual reality solutions for education, serving over 3,500 educational institutions and holding over 70 patents [3] Company Overview - zSpace, Inc. specializes in AR/VR experiences that enhance learning in STEM, CTE, and career readiness programs [3] - The company's solutions have been shown to improve student test scores, as evidenced by a study published in the Journal of Computer Assisted Learning in 2021 [3]