Zspace, Inc. (ZSPC)

OTCInformation TechnologyComputer HardwareSnapshot 2026-10-23

$0.10+4.95%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Zspace, Inc.’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-12-30
Revenue	—	4.5M
EPS	—	-0.08
Annual ending 2026-12-31
Revenue	—	20.15M
EPS	—	-0.46
Annual ending 2027-12-31
Revenue	—	52.1M
EPS	—	0

Management figures unavailable.

What the Thesis Depends On

Three published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Restructure approximately $12 million of outstanding indebtedness	Zspace is working to restructure $12 million of debt.	Intact	restructuring not completed or materially delayed by FY26	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Newly stated in 2026-Q2. Management completed restructuring of approximately $12 million of debt by converting it into equity, reducing liabilities significantly. This is a recent development showing progress on balance sheet strengthening. Delivery assessment Oct 24, 2026
Path to EBITDA breakeven if 2026 revenue repeats ~$30M	It aims to reach EBITDA breakeven if revenue holds near $30 million.	Improving	EBITDA remains negative if revenue is near $30M in FY26	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Address Nasdaq listing compliance	The company is addressing Nasdaq listing compliance.	Under Pressure	failure to regain or maintain Nasdaq listing by FY26	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS: comparable history unavailable.

FY2027 revenue: comparable history unavailable.

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	Unavailable	Unavailable	0 / 1
2026-07-25	Unavailable	Unavailable	0 / 1
2026-07-26	Unavailable	Unavailable	0 / 1
2026-07-27	Unavailable	Unavailable	0 / 1
2026-07-28	Unavailable	Unavailable	0 / 1
2026-07-29	Unavailable	Unavailable	0 / 1
2026-07-30	Unavailable	Unavailable	0 / 1
2026-07-31	Unavailable	Unavailable	0 / 1
2026-08-01	Unavailable	Unavailable	0 / 1
2026-08-02	Unavailable	Unavailable	0 / 1
2026-08-03	Unavailable	Unavailable	0 / 1
2026-08-04	Unavailable	Unavailable	0 / 1
2026-08-05	Unavailable	Unavailable	0 / 1
2026-08-06	Unavailable	Unavailable	0 / 1
2026-08-08	Unavailable	Unavailable	0 / 1
2026-08-09	Unavailable	Unavailable	0 / 1
2026-08-10	Unavailable	Unavailable	0 / 1
2026-08-12	Unavailable	Unavailable	0 / 1
2026-08-13	Unavailable	Unavailable	0 / 1
2026-08-14	Unavailable	Unavailable	0 / 1
2026-08-15	Unavailable	Unavailable	0 / 1
2026-08-16	Unavailable	Unavailable	0 / 1
2026-08-17	Unavailable	Unavailable	0 / 1
2026-08-18	Unavailable	Unavailable	0 / 1
2026-08-19	Unavailable	Unavailable	0 / 1
2026-08-20	Unavailable	Unavailable	0 / 1
2026-08-21	Unavailable	Unavailable	0 / 1
2026-08-22	Unavailable	Unavailable	0 / 1
2026-08-23	Unavailable	Unavailable	0 / 1
2026-08-24	Unavailable	Unavailable	0 / 1
2026-08-25	Unavailable	Unavailable	0 / 1
2026-08-26	Unavailable	Unavailable	0 / 1
2026-08-27	Unavailable	Unavailable	0 / 1
2026-08-28	Unavailable	Unavailable	0 / 1
2026-08-29	Unavailable	Unavailable	0 / 1
2026-08-30	Unavailable	Unavailable	0 / 1
2026-08-31	Unavailable	Unavailable	0 / 1
2026-09-01	Unavailable	Unavailable	0 / 1
2026-09-02	Unavailable	Unavailable	0 / 1
2026-09-03	Unavailable	Unavailable	0 / 1
2026-09-04	Unavailable	Unavailable	0 / 1
2026-09-05	Unavailable	Unavailable	0 / 1
2026-09-06	Unavailable	Unavailable	0 / 1
2026-09-07	Unavailable	Unavailable	0 / 1
2026-09-08	Unavailable	Unavailable	0 / 1
2026-09-09	Unavailable	Unavailable	0 / 1
2026-09-10	Unavailable	Unavailable	0 / 1
2026-09-11	Unavailable	Unavailable	0 / 1
2026-09-12	Unavailable	Unavailable	0 / 1
2026-09-13	Unavailable	Unavailable	0 / 1
2026-09-14	Unavailable	Unavailable	0 / 1
2026-09-15	Unavailable	Unavailable	0 / 1
2026-09-16	Unavailable	Unavailable	0 / 1
2026-09-17	Unavailable	Unavailable	0 / 1
2026-09-18	Unavailable	Unavailable	0 / 1
2026-09-19	Unavailable	Unavailable	0 / 1
2026-09-20	Unavailable	Unavailable	0 / 1
2026-09-21	Unavailable	Unavailable	0 / 1
2026-09-22	Unavailable	Unavailable	0 / 1
2026-09-23	Unavailable	Unavailable	0 / 1
2026-09-24	Unavailable	Unavailable	0 / 1
2026-09-25	Unavailable	Unavailable	0 / 1
2026-09-26	Unavailable	Unavailable	0 / 1
2026-09-27	Unavailable	Unavailable	0 / 1
2026-09-28	Unavailable	Unavailable	0 / 1
2026-09-29	Unavailable	Unavailable	0 / 1
2026-09-30	Unavailable	Unavailable	0 / 1
2026-10-01	Unavailable	Unavailable	0 / 1
2026-10-02	Unavailable	Unavailable	0 / 1
2026-10-03	Unavailable	Unavailable	0 / 1
2026-10-04	Unavailable	Unavailable	0 / 1
2026-10-05	Unavailable	Unavailable	0 / 1
2026-10-06	Unavailable	Unavailable	0 / 1
2026-10-07	Unavailable	Unavailable	0 / 1
2026-10-08	Unavailable	Unavailable	0 / 1
2026-10-09	Unavailable	Unavailable	0 / 1
2026-10-10	Unavailable	Unavailable	0 / 1
2026-10-11	Unavailable	Unavailable	0 / 1
2026-10-12	Unavailable	Unavailable	0 / 1
2026-10-13	Unavailable	Unavailable	0 / 1
2026-10-14	Unavailable	Unavailable	0 / 1
2026-10-15	Unavailable	Unavailable	0 / 1
2026-10-16	Unavailable	Unavailable	0 / 1
2026-10-17	Unavailable	Unavailable	0 / 1
2026-10-18	Unavailable	Unavailable	0 / 1
2026-10-19	Unavailable	Unavailable	0 / 1
2026-10-20	Unavailable	Unavailable	0 / 1
2026-10-21	Unavailable	Unavailable	0 / 1
2026-10-22	Unavailable	Unavailable	0 / 1
2026-10-23	Unavailable	Unavailable	0 / 1
2026-10-24	Unavailable	Unavailable	0 / 1

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold
2026-05-01	2	1
2026-06-01	2	1
2026-07-01	1	1
2026-08-01	0	1
2026-09-01	0	1
2026-10-01	0	1

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 0 Buy / Strong Buy · 1 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades0 maintains

Recent actions · Sep 25–Oct 24 · 0 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Restructure approximately $12 million of outstanding indebtednessDirect metric needs a verified mapping
Path to EBITDA breakeven if 2026 revenue repeats ~$30MDirect metric needs a verified mapping
Address Nasdaq listing compliancePublished status: Under Pressure

Next proof point

Next earnings date unavailable

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

6.2%Typical daily move · historical

Downside history

-99.7%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Zspace, Inc. outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

This is a high-risk, loss-making business with volatile management and weak recent financial performance, rather than a proven durable compounder. Its long-term thesis is in a watch state, with some progress on margins and debt but no clear resolution of the strategic review.

What's priced into Zspace, Inc.

The evidence does not provide a peer valuation comparison or a clear account of market expectations, so how much optimism is already reflected is uncertain. The valuation measure fell sharply, and the overall signal shifted from mixed to cautious, suggesting a weaker assessment of the setup.

What the fundamentals likely do

Near-term fundamentals remain weak, but gross margin rose from 42.6% in 2025-Q2 to 56.4% in 2026-Q2 as software and services became a larger part of revenue. Debt restructuring also reduced liabilities, while the strategic alternatives review has produced no announced outcome; the September delisting notice adds a material risk.

What Zspace, Inc. hinges on

Over the next one to three years, the thesis depends on whether higher-margin revenue and lower liabilities translate into stronger business performance, and whether the strategic review leads to a substantive outcome. Near-term sector conditions may help or hurt: rate cuts and strong results from DELL, ANET, and SNDK are favorable signals, while missed results or lower guidance could remove that support.