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zSpace, Inc. (NASDAQ: ZSPC) is a San Jose, California–based technology company delivering augmented and virtual reality (AR/VR) solutions for STEM, career and technical education (CTE), and workforce readiness programs. Founded in 2007 as Infinite Z, the company went public via an initial public offering on December 11, 2024. Its 3D display systems—operating without head-mounted gear—combine head-tracking technology and a stylus to allow users to interact with virtual objects.
Corporate Structure and Leadership
zSpace employs between 51 and 200 people and holds more than 70 patents. Paul Kellenberger serves as chief executive officer and president. On September 2, 2025, the company filed definitive proxy materials (DEFA14A) for its annual meeting of stockholders scheduled for October 15, 2025, proposing:
- Election of four Class I directors
- Ratification of UHY LLP as independent auditors
- Issuance of shares under a Convertible Promissory Note and a Common Stock Purchase Agreement
- Amendment to allow stockholder action by written consent
Augmented Reality by Lucrezia Carnelos
Recent Developments and News
On March 12, 2025, zSpace acquired Blockscad, a browser-based 3D design and coding platform for K–12 STEM education. On April 22, 2025, it completed the acquisition of Second Avenue Learning, a developer of interactive digital content for education. In its Form 8-K filed on October 3, 2025, the company provided updates related to its financial condition and operations. zSpace’s next earnings announcement is scheduled for November 13, 2025.
Financial and Strategic Analysis
On October 9, 2025, zSpace’s share price closed at $1.34, an increase of 25.23 percent from the prior close, on a volume of 3,373,077 shares. Key financial metrics (TTM or most recent quarter, as of latest filings) are summarized below:
| Metric | Value |
|---|---|
| Share Price (Oct 9, 2025) | $1.34 (+25.23%) |
| Market Capitalization | $25.7 million |
| Volume | 3,373,077 |
| 52-Week Range | $0.87 – $32.69 |
| Revenue (TTM) | $36.97 million |
| Profit Margin (TTM) | –42.6 percent |
| Total Cash (MRQ) | $1.39 million |
| Levered Free Cash Flow (TTM) | –$13.49 million |
| Price/Sales (TTM) | 0.62 |
| Enterprise Value/Revenue | 1.10 |
| Earnings per Share (TTM) | $1.19 |
| Forward Analyst Target (1 yr) | $4.33 |
The profit margin and free cash flow indicate ongoing investments in product development and market expansion. Approved share issuances under the September 2 proxy are intended to support liquidity and fund operations.
Market Position and Industry Context
With over 2,400 U.S. school customers and usage in more than 3,500 districts, technical centers, community colleges, and universities, zSpace is positioned in the education technology segment where AR/VR solutions aim to address challenges related to safety, cost, and access in hands-on learning. Recognitions include Gartner’s classification as a “Cool Vendor,” Tech & Learning Magazine’s designation of “Best in Show” at ISTE for three consecutive years, and two appearances on the Inc. 500 list of fastest-growing companies. Partnerships include collaborations with Google (WebGL/WebVR browser development), NASA (robotic interface testing), and content providers such as GeoGebra and Autodesk Tinkercad. The competitive landscape includes other immersive learning platforms and traditional lab equipment providers.
TL;DR
Shares of zSpace, Inc. increased 25.23 percent to $1.34 on October 9, 2025, following its Form 8-K filing on October 3 and proxy materials on September 2, ahead of the annual meeting on October 15. Acquisitions of Blockscad and Second Avenue Learning in March and April 2025 expand its educational content offerings. Upcoming events include an earnings release on November 13, 2025, alongside ongoing share issuance programs aimed at supporting capital for product development and market growth.
