Quarterly ResultMay 15, 2026, 05:12 PM
zSpace Q1 Net Loss $(6.6)M; Raises Going Concern Doubt
AI Summary
zSpace, Inc. reported a net loss of $(6.6) million for the first quarter of 2026, an increase from $(5.8) million in the prior year, while revenue declined to $5.3 million from $6.8 million. The company's management raised substantial doubt about its ability to continue as a going concern for at least the next twelve months, citing ongoing operating losses and negative cash flows from operations. Despite an increase in cash and cash equivalents, total liabilities grew significantly, and the stockholders' deficit deepened.
Key Highlights
- zSpace reported a net loss of $(6.6) million for Q1 2026, compared to $(5.8) million for Q1 2025.
- Revenue for Q1 2026 decreased to $5.3 million from $6.8 million in Q1 2025.
- Net loss per common share was $(4.70) for Q1 2026, an improvement from $(6.38) in Q1 2025.
- Cash, cash equivalents, and restricted cash increased to $2.9 million as of March 31, 2026, from $1.0 million at December 31, 2025.
- Total liabilities rose to $35.9 million as of March 31, 2026, from $30.1 million at December 31, 2025.
- Total stockholders' deficit widened to $(25.4) million as of March 31, 2026, from $(22.5) million at December 31, 2025.
- The company recognized a Series P Preferred Stock liability of $2.6 million as of March 31, 2026.
- Convertible debt increased to $11.7 million as of March 31, 2026, from $8.9 million at December 31, 2025.
Price Impact
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