Mar. 28 at 12:17 PM
$ZSPC
zSpace 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%.