Knightscope Reports First Quarter 2025 Financial Results

Delivers 29% Revenue Growth Year Over Year and Significant Improvement in Gross Margin

Company to Participate in Ladenburg Thalmann Innovation EXPO25

SUNNYVALE, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. (NASDAQ: KSCP), a leader in developing autonomous security robots and artificial intelligence technologies, today announced financial and operating results for the first quarter ended March 31, 2025.

First Quarter 2025 Financial Highlights

• Total net revenue of $2.9 million, up 29% compared to $2.3 million in Q1 2024
• Gross margin loss improved to (23%), a notable improvement from (64%) in Q1 2024
• Net loss decreased to $6.9 million, a 19% improvement in Q1 2024
• Cash and cash equivalents increased to $12.7 million, up from $11.1 million as of December 31, 2024
• Total stockholders’ equity rose to $18.2 million, compared to $15.8 million as of December 31, 2024

Operational & Strategic Highlights

• Continued Strong Demand - as of May 7, 2025, the Company had a total backlog of at $2.5 million, comprised of $1.9 million related to ECD orders and $0.6 million related to ASR orders.
• Diverse Growth Drivers - ECD revenue outpaced prior year by 37%, led by expansion of strategic, long-term partnerships from new and existing customers.
• Cost Discipline - general and administrative expenses declined 24% year over year, driven by lower investor relations and legal fees.
• Enhanced Liquidity - raised $7.4 million through an at-the-market (ATM) equity offering and $1.4 million from a registered direct offering in Q1 2025.
• New Headquarters - secured a new 33,000 sq ft facility in Sunnyvale, California, to support long-term growth and operational scaling.

"We are laser-focused on operational execution, financial discipline, and delivering innovation in public safety technologies," said William Santana Li, Chairman and CEO of Knightscope. "Our year-over-year revenue growth and improved gross margin trajectory are indicators of the traction we are building across both private and public sector clients. The investments made in our next-generation K5 v5 platform, sales infrastructure, and capital structure have positioned us for continued growth."

Metric	Q1 2025	Q1 2024	Change
Revenue	$2.9 m	$2.3 m	+29%
Gross Loss	($0.7 m)	($1.5 m)	+54%
Net Loss	($6.9 m)	($7.6 m)	+9%
R&D Expense	$2.1 m	$1.6 m	+35%
G&A Expense	$2.8 m	$3.6 m	(24)%
Sales & Marketing Expense	$1.3 m	$1.5 m	(15)%
Cash & Equivalents (end of period)	$12.7 m	$2.6 m	+388% YoY

Ladenburg Thalmann Innovation EXPO25

The company plans to participate in the Ladenburg Thalmann Innovation EXPO25, to be held on May 21, 2025, at Convene, 101 Park Avenue, New York, NY. This conference, held by Ladenburg Thalmann, a US middle market diversified financial services firm, is a premier event bringing together a diverse group of innovative companies and institutional investors for a full day of presentations, one-on-one meetings, and networking opportunities. “We look forward to participating in the Ladenburg Innovation EXPO25, which provides an opportunity to showcase our progress and connect directly with the investment community in a setting that fosters meaningful conversations,” said Apoorv Dwivedi, EVP and CFO, Knightscope.

About Knightscope

Knightscope is transforming public safety with cutting-edge robotics and AI technologies. From autonomous security robots to advanced detection systems, Knightscope is committed to building safer communities where you live, work, study and visit. Our long-term ambition is bold but simple: to make the United States of America the safest country in the world. Learn more about us at www.knightscope.com.

About Ladenburg Thalmann

Ladenburg Thalmann is a US middle market diversified financial services firm headquartered in New York and engaged in investment banking, focusing on fundraising, buyside & sellside M&A, high-yield debt, and private equity access for public and private companies. The firm also provides equity research, institutional sales and trading, independent brokerage, advisory services, trust services, and asset management. Together with its parent, Osaic, Ladenburg Thalmann has over 12,000 financial advisors in the US, managing over $650 billion in client assets. Ladenburg is a member of NYSE, NYSE American, FINRA, all other principal exchanges, and SIPC. Securities are offered through Ladenburg Thalmann & Co. Inc. broker-dealer, and advisory services are offered through Ladenburg Thalmann Asset Management ("LTAM"), an SEC registered investment advisor.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified by the use of words such as "should," "may," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," "proposes" and similar expressions. Forward-looking statements contained in this press release and other communications include, but are not limited to, statements about the Company’s goals, profitability, growth, prospects, reduction of expenses, and outlook. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks, uncertainties and other important factors that could cause actual results to differ materially from such forward-looking statements, including the factors discussed under the heading "Risk Factors" in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2024, as updated by its other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of the document in which they are contained, and Knightscope does not undertake any duty to update any forward-looking statements, except as may be required by law.

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Ladenburg Thalmann Contact:

Mark Green

mgreen@ladenburg.com

(800) 995-5267

Public Relations

Drew McDowell

press@yourwashingtonoffice.com

Knightscope, Inc.

(650) 924-1025 ext. 6

Source: Knightscope, Inc.