Welcome to our dedicated page for zSpace news (Ticker: ZSPC), a resource for investors and traders seeking the latest updates and insights on zSpace stock.
zSpace Inc (ZSPC) delivers innovative augmented reality (AR) and virtual reality (VR) solutions transforming education through immersive 3D learning experiences. This dedicated news hub provides investors and educators with timely updates on the company's advancements in K-12 STEM education and Career & Technical Training markets.
Access official press releases covering quarterly earnings, product launches, and strategic partnerships. Our curated collection features developments in zSpace's proprietary goggle-free technology, curriculum integrations, and initiatives enhancing interactive learning in health sciences and technical trades.
Bookmark this page for verified updates about AR/VR educational hardware innovations, district-level deployments, and professional learning programs for educators. Stay informed about zSpace's role in bridging classroom instruction with real-world technical skill development through reliable, up-to-date information.
zSpace (ZSPC), a leading AR/VR education solutions provider, has announced the acquisition of Second Avenue Learning, a Rochester-based educational technology company. The strategic merger combines zSpace's immersive AR/VR platform with Second Avenue's expertise in interactive educational content development.
The acquisition aims to enhance zSpace's content offerings by integrating Second Avenue's capabilities in creating standards-aligned learning modules. The combined entity will focus on developing comprehensive hands-on learning tools for K-12, higher education, and workforce development programs globally.
Second Avenue's founder, Tory Van Voorhis, will lead product strategy at zSpace, focusing on delivering data-backed immersive learning experiences. This strategic move follows zSpace's Nasdaq listing in December 2024, though financial terms of the acquisition were not disclosed.
zSpace (NASDAQ: ZSPC) reported its Q4 and full-year 2024 financial results, marking its first quarter as a public company. The company completed its IPO in December 2024, raising funds through 1,875,000 shares at $5.00 per share.
Key financial highlights include:
- Q4 2024 revenue of $8.5M (vs $12.1M in Q4 2023)
- Full-year 2024 revenue of $38.1M (vs $43.9M in 2023)
- Q4 gross margin improved to 40.7% (from 34.7%)
- Full-year net loss widened to $20.8M (from $13.0M)
The company secured a significant $5M deal with St. Louis Public Schools and launched its Career Readiness Solution featuring an AI Career Coach. zSpace ended 2024 with $9.2M in backlog and $4.9M in cash. The Annualized Contract Value (ACV) of renewable software reached $11.3M, a 6% increase year-over-year, while Net Dollar Revenue Retention was 92%.
zSpace (NASDAQ: ZSPC), a leader in augmented and virtual reality education, has announced its participation in the 37th Annual Roth Conference from March 16-18, 2025, at The Laguna Cliffs Marriott in Dana Point, CA.
CEO Paul Kellenberger and CFO Erick DeOliveira will conduct one-on-one meetings and participate in a fireside chat on Tuesday, March 18, at 1:00 p.m. PT. The discussion will focus on zSpace's latest innovations and strategic direction in immersive learning technology. The fireside chat will be accessible via live webcast and available for replay on the company's investor relations website.
The Roth Conference serves as a meeting ground for institutional investors, private equity investors, venture capitalists, and executives from various sectors, providing companies an opportunity to present their growth strategies to the investment community.
zSpace (NASDAQ: ZSPC), a leader in AR/VR education, announced its upcoming inclusion in the Russell 2000® and Russell 3000® Indexes as part of the quarterly Russell US Index IPO additions, effective March 24, 2025.
The inclusion in these prestigious indexes, which serve as key performance benchmarks for the U.S. equity market with approximately $10.6 trillion in assets benchmarked against them, represents a significant milestone for zSpace. The Russell 2000® Index is widely recognized and used by investment managers and institutional investors for index funds and active investment strategies.
zSpace (NASDAQ: ZSPC), a leader in augmented and virtual reality education, has acquired BlocksCAD, a 3D design and modeling platform for STEM education. The strategic acquisition aims to integrate BlocksCAD's browser-based modeling software with zSpace's AR/VR hardware to enhance project-based learning opportunities.
The merger will combine BlocksCAD's intuitive design platform, which focuses on coding, mathematics, and engineering concepts, with zSpace's immersive learning ecosystem. This integration will enable educators to provide more engaging, hands-on learning experiences for students worldwide.
According to Paul Kellenberger, zSpace's CEO, the acquisition represents a significant milestone in making learning more engaging and accessible. The integration process will begin immediately, with new collaborative features and educational tools planned for release in the coming months.
zSpace (ZSPC) has rescheduled its fourth quarter and full year 2024 earnings conference call and webcast to Friday, March 28, 2025 at 8:00 a.m. ET. The augmented and virtual reality education solutions company will host the call with a live webcast available on the Events and Presentations section of their investor relations website. Participants are encouraged to dial in 15 minutes before the scheduled start time using the provided registration link. A replay of the webcast will be available for a time on the company's website.
zSpace (ZSPC) has announced it will release its Q4 and full year 2024 financial results on Thursday, March 13, 2025, after market close. The company will host a conference call and webcast at 5:00 p.m. ET / 2:00 p.m. PT on the same day to discuss the results.
The earnings call will feature CEO Paul Kellenberger and CFO Erick DeOliveira. Participants are encouraged to join the conference call 15 minutes before the scheduled start time. A webcast replay will be available for a time on the company's investor relations website.
zSpace (NASDAQ: ZSPC) has won the 2025 District Administration Top EdTech Products Award for its Career Readiness Solution powered by Career Coach AI in the CTE, Upskilling, and Credential Technology category. The platform combines augmented and virtual reality with AI-driven coaching to provide students with interactive career exploration and skills training opportunities.
The solution offers geo-located insights into various fields including healthcare, engineering, manufacturing, and IT, while enabling students to earn industry-recognized credentials. According to CEO Paul Kellenberger, the platform focuses on career awareness, exploration, and preparedness, providing practical skills that employers seek.
The Career Readiness Solution represents an evolution in zSpace's educational technology offerings, addressing the growing need for technology-driven workforce preparation. The platform bridges the gap between classroom learning and career readiness, contributing directly to future workforce development through immersive learning experiences and AI-powered guidance.
zSpace (NASDAQ: ZSPC) has launched the Imagine Learning Solution, a headset-free AR/VR laptop system specifically designed for elementary education. The comprehensive solution includes specialized AR/VR laptops with zView technology, interactive software covering subjects like math, science, and language arts, curriculum-aligned lessons, and professional development support for educators.
The system features laptops with a 3-year warranty and requires no 3D glasses or headsets, making it suitable for young learners. The solution offers both classroom learning pods and school-wide labs, expanding zSpace's influence from STEM and CTE into elementary education.
A testimonial from Dr. Retha Woolfolk, former principal of M.A. Jones Elementary School, highlighted how zSpace technology enabled students to engage in engineering design processes through virtual prototyping before physical implementation. The company will showcase the solution at the Future of Education Technology Conference in Orlando, FL, January 14-17, 2025.
zSpace (ZSPC) has announced the pricing of its firm commitment initial public offering of 1,875,000 shares of Common Stock at $5.00 per share. The IPO is expected to generate gross proceeds of approximately $9.4 million before deducting underwriting costs and expenses. Trading will commence on the Nasdaq Global Market under ticker 'ZSPC' on December 5, 2024, with the offering closing on December 6, 2024.
The underwriters have a 30-day option to purchase up to 281,250 additional shares. Additionally, the company has registered for resale up to 1,997,973 shares by two securityholders, from which zSpace will not receive any proceeds.
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