zSpace, Inc. (NASDAQ: ZSPC)

zSpace, Inc. is a provider of augmented reality and virtual reality educational technology products that deliver interactive stereoscopic three dimensional learning experiences without the need for headsets or special glasses.

The company generates revenue by selling its hardware which includes laptops and stylus devices by offering software platforms and educational applications and by providing implementation and professional development services to schools community colleges and career training programs in the United States and internationally through a network of resellers.

zSpace Inc holds a niche position in the education technology market where it competes with broad edtech providers such as Chegg Coursera Duolingo Instructure Kahoot Powerschool and Udemy.

It also faces competition from career focused services like Degreed LinkedIn Learning and Pluralsight.

Additionally it contends with major technology firms including Apple Google Meta Platforms Matterport and Unity Software.

Free resources such as Khan Academy Wikipedia and YouTube also serve as alternatives.

Other augmented reality and virtual reality specialists like Avantis Education Prisms VR Interplay Learning Umety Solutions Transfr VR and Victory XR provide further competition.

The company serves primarily public school districts from kindergarten to twelfth grade community colleges and career and technical education institutions in the United States.

Internationally it reaches customers through resellers in over fifty countries.

Over three thousand five hundred US public school districts have adopted its platform and it is present in more than eighty percent of the largest one hundred districts by student enrollment.

Career and technical education solutions have been deployed in approximately seventy three percent of the districts it serves.