Knightscope, Inc. Stock Price, News & Analysis

Knightscope, Inc. (Nasdaq: KSCP) recently announced the sale of 11 K1 Call Boxes to Larimer County, CO, marking a significant addition to its portfolio. This sale is part of over 30 new contracts and 7 renewals achieved in 2023, showcasing the company’s growth in autonomous security solutions. Knightscope has also surpassed 2 million hours of paid operations with its Autonomous Security Robots, highlighting their effectiveness and reliability. The company’s recent acquisition of CASE Emergency Systems has contributed to boosting top-line revenue. These developments signal a promising outlook for KSCP as it expands its market presence and enhances its service offerings.

Knightscope, Inc. (NASDAQ: KSCP) will host its Robot Roadshow at the Silverton Hotel & Casino in Las Vegas from February 7-9, 2023, from 10:00am to 2:00pm PT. This event aims to create direct connections with potential clients and showcase the technology of its autonomous security robots (ASRs). With 71 previous events in 24 states, Knightscope continues to promote its innovative security solutions.

Visitors can interact with ASRs and witness the Knightscope Security Operations Center in action. The event is free, but appointments are recommended due to high demand.

Knightscope, Inc. (Nasdaq: KSCP) announced robust sales activity with the sale of 13 autonomous security machines from five contracts, marking a strong start for 2023. The sales include a K5 Autonomous Security Robot for a private equity firm in Portland and multiple units for a property management group in Ohio. The company continues its strategic growth with new partnerships and expansion of its product line, including upcoming releases of the K1 Hemisphere ASR. Knightscope aims to enhance security measures across various sectors, addressing pressing safety concerns.

Knightscope, Inc. (Nasdaq: KSCP) is showcasing strong sales growth through recent customer expansion orders consisting of five new contracts. Notable sales include K1 Emergency Communication Systems to various institutions such as a New York college upgrading devices, a California university purchasing five upgrade kits, and a North Carolina town acquiring an additional kit. These developments underline Knightscope's commitment to providing cutting-edge security solutions and increasing its market presence across multiple sectors.

Knightscope, Inc. (Nasdaq: KSCP) has announced that seven key clients have renewed their contracts for another year, affirming the efficacy of their security solutions. These clients span various industries, including healthcare, hospitality, banking, and residential sectors. The renewals highlight the trust clients have in Knightscope's autonomous security robots and emergency systems, which have proven effective in reducing crime rates. CEO William Santana Li emphasized that these ongoing agreements validate their Machine-as-a-Service (MaaS) model, supporting recurring revenue for crucial security needs.

Knightscope, Inc. (Nasdaq: KSCP) is advancing its path to profitability with initial actions underway. The company aims to achieve profitability within 24 months, following its acquisition of CASE Emergency Systems on October 14, 2022. Pro forma financial statements indicate potential annualized revenue of $12 million to $14 million, up from $3.407 million in 2021. Knightscope is also reducing its workforce by 20% to streamline operations while expecting improved margins through faster assembly times and cost reductions.

Knightscope, Inc. (Nasdaq: KSCP) has secured four new contracts, significantly boosting its growth trajectory by adding eight new machines, including three K5 Autonomous Security Robots and five K1 Blue Light Towers. These contracts involve both new and existing clients, enhancing Knightscope's portfolio and revenue potential. For instance, a major finance company will utilize a K5 ASR in Jacksonville, FL, while a residential developer in Chicago implements a K5 for security at student housing. The company continues to focus on creating value for its clients, positioning itself for long-term expansion.

Knightscope, Inc. (Nasdaq: KSCP) announces four new contracts for seven Autonomous Security Robots (ASRs), contributing to its ongoing revenue growth. The contracts include deployments in Houston, St. Louis, and Dallas, enhancing security for various clients, including a major real estate firm and a local church. This strategic move aligns with the increasing demand for innovative security solutions amidst rising crime rates, as noted by the Council on Criminal Justice. Knightscope aims to solidify its position in the autonomous security sector by delivering effective technology.

Knightscope, Inc. (Nasdaq: KSCP) has announced the acquisition of six new contracts for its Autonomous Security Robots (ASR) and Blue Light Emergency Communication systems across several U.S. states. Key deployments include:

• TEXAS: One K5 ASR at a hotel near Dallas Love Field.
• CALIFORNIA: A K1 Hemisphere at an entertainment facility in San Diego.
• MICHIGAN: A K1 Blue Light Emergency Phone for a township.
• TEXAS: A K1 Blue Light Tower at a community college in San Antonio.
• CALIFORNIA: Two K1 Satellite Upgrade Kits for highway emergency call boxes.
• CALIFORNIA: A third K5 ASR for a healthcare client.

Knightscope's Client Development team is actively pursuing year-end sales to boost revenue.