Reports Q3 adjusted EBITDA loss $2M. “Our third quarter results reflect our focus on advancing our strategic priorities and controlling what we can control,” said Paul Kellenberger, CEO of zSpace (ZSPC). “During the quarter, our software and services revenue comprised over 50% of revenue. This contributed to gross margin expansion of over 640 basis points, driven by strong customer renewals and continued adoption of our software offerings. We successfully began shipping our Career Explorer application that was developed and delivered by the Second Avenue Learning team we acquired in early Q2, and it has already generated strong customer interest. We also began deploying our solutions with GEMS Education in Dubai, further extending our global reach and impact in immersive learning. More recently, we announced that Danbury Public Schools – Connecticut’s largest high school district serving over 12,000 students – fully deployed our Career Coach AI and STEM learning technology.”
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