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zSpace, Inc. (ZSPC) Chief Executive Officer Paul Kellenberger sold a total of $7,836 in common stock on July 8th and 9th. The sales, which covered tax obligations from a prior vesting of restricted stock units, were executed in multiple transactions. The sales come as the company’s stock trades near its 52-week low of $2.76, with the current market capitalization standing at approximately $69 million.
On July 8, Kellenberger sold 1,324 shares at a weighted average price of $2.96, with prices ranging from $2.90 to $3.11. Following this, on July 9, he sold 1,296 shares at a weighted average price of $3.023, in a range between $2.90 and $3.27. According to InvestingPro data, ZSPC has experienced significant volatility, with the stock down over 86% in the past year.
After these transactions, Kellenberger directly owns 28,170 shares of zSpace, Inc. InvestingPro analysis reveals 13 additional key insights about ZSPC’s financial health and market position, available exclusively to subscribers.
In other recent news, zSpace Inc. announced its first-quarter 2025 earnings, revealing a 14% decrease in revenue from the previous year, totaling $6.8 million. Despite this decline, the company reported a 19% increase in gross profit, reaching $3.2 million, due to improved gross margins. zSpace also highlighted an 11% growth in its software and services revenue, demonstrating a strategic shift towards more profitable segments. Additionally, the company recently completed the acquisition of BlocksCAD and Second Avenue Learning to enhance its educational technology offerings. zSpace’s annualized contract value of renewable software rose by 10% to $11.6 million, indicating strong retention in this segment. The company has also secured a $20 million convertible financing facility, with $13 million already funded to support further acquisitions and corporate activities. Analyst firms have not provided new upgrades or downgrades, but the company’s strategic moves suggest a focus on long-term growth. These developments reflect zSpace’s efforts to navigate a challenging market environment while expanding its reach in the education sector.
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