zSpace announced its financial results for the fourth quarter and full year ended December 31, 2024. The company reported revenue of $8.5 million for the fourth quarter of 2024.
During 2024, zSpace achieved its largest customer win to date with the St. Louis Public School district. This significant customer acquisition highlights the company's ability to secure substantial contracts within the education sector.
As of December 31, 2024, zSpace's cash, cash equivalents, and restricted cash totaled $4.86 million. The company also completed its initial public offering in December 2024, which included the conversion of convertible loans into common stock, impacting its capital structure.
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