Operator

Hello, and thank you for participating in today's conference call to discuss zSpace's financial results for the first quarter ended March 31, 2026. Joining us today are zSpace' Chief Executive Officer, Paul Kellenberger; Chief Financial Officer, Erick DeOliveira; and Greg Robles from Investor Relations.

Before we go further, I would like to turn the call over to Mr. Robles as he reads the company's safe harbor statement. Greg, please go ahead.

Greg Robles

Thank you, Carmen. Before we begin, I'd like to remind everyone that certain statements made on this call may be considered forward-looking statements. These statements are based on our current expectations and beliefs and are subject to risks and uncertainties that could cause actual results. Additionally, we may discuss certain key business metrics, which are non-GAAP financial measures. A description of these non-GAAP measures and any comparison to the directly -- to the most directly comparable GAAP measures can be found in our earnings release on the Investor Relations section of our website.

Now I would like to turn the call over to the CEO of zSpace, Paul Kellenberger. Paul?

Paul Kellenberger
CEO & Chairperson

Thank you, Greg, and good afternoon, everyone. Thank you for joining us for our first quarter 2026 earnings call. I am Paul Kellenberger, CEO of zSpace. And with me here is Erick DeOliveira, our Chief Financial Officer. Q1 2026 showed early signs of stabilization for zSpace following a very challenging 2025. As we've discussed on prior calls, last year was largely shaped by uncertainty in the federal education policy and its downstream impact on school district purchasing. While that environment has not fully resolved, we are beginning to see