zSpace, Inc. (ZSPC) FY2024 10-K Annual Report

Filed: Mar 28, 2025
Information Technology
Services-Prepackaged SoftwareSEC EDGAR

zSpace, Inc. (ZSPC) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Mar 28, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

zSpace, Inc. FY2024 10-K Analysis

Business Overview

  • Core business: AR/VR educational technology platform delivering immersive 3D learning without eyewear, focused on K-12 and Career & Technical Education (CTE) markets in U.S. schools
  • New product launches: Inspire 2 laptop in late 2024 (20-22% performance boost, 16% lighter), Imagine laptop in early 2025 (41% smaller, 30% lighter, designed for younger learners)
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Management Discussion & Analysis

  • Revenue and bookings $41.5M in 2024 vs $41.1M in 2023; no exact total revenue figure disclosed
  • Net loss $(20.8)M in 2024 vs $(13.0)M in 2023; Adjusted EBITDA loss $(9.9)M in 2024 vs $(6.9)M in 2023
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Risk Factors

  • Risk of geopolitical conflict impact on operations due to concentration of employees in San Jose, California and exposure to events like the Ukraine war
  • Supply chain risk from dependence on limited source suppliers and long lead time components requiring 6-12 month demand forecasting
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zSpace, Inc. FY2024 Key Financial Metrics
XBRL

Revenue

$38M

Net Income

-$21M

Gross Margin

40.9%

Operating Margin

-46.3%

Net Margin

-54.7%

ROE

141.8%

Total Assets

$14M

EPS (Diluted)

$1.03

Operating Cash Flow

-$9M

Source: XBRL data from zSpace, Inc. FY2024 10-K filing on SEC EDGAR. All figures in USD.

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