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- Going Concern (new) — Substantial-doubt going-concern language persists; cash position remains weak ($0.5M vs $1.0M), working-capital deficit continues, and the company still requires additional financing to operate.
- Delisting (new) — Nasdaq delisting finalized August 6, 2026; common stock now trades OTC under symbol ZSPC with reduced liquidity and institutional access.
- Material Weakness (unchanged) — Material weaknesses reduced from five to three; IT controls and unusual-transaction analysis deficiencies remediated, though segregation of duties, reconciliation, and risk-assessment gaps persist.
zSpace Q2 revenue falls 27.7% to $5.4M
Filed August 14, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 14, 2025 · ~1 min read
Key Changes
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high
operating loss of $2.5M (down 60% YoY) reflects improved cost structure but persistent cash burn.
MD&A: Operating Results verify on EDGAR → -
high
Net dollar retention rate collapsed from 131% to 66% YoY
MD&A: Software Retention Metrics verify on EDGAR → -
high
Outstanding shares surged from 1.3M to 37.1M (28-fold) in six months via debt conversions; company has nearly exhausted its 100M authorized share capacity, constraining future financing options.
Risk Factors: Share Dilution verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 16, 2026 · How we verify