KSCP News & Events

Knightscope announced that it has surpassed another $2M milestone in new sales and client renewals. Following similar success in prior months, this continued momentum underscores the growing national demand for Knightscope's innovative, technology-driven solutions designed to enhance security infrastructure and modernize both public and private environments, the company said in a statement.

Knightscope has exceeded yet another $1M milestone in new sales, client renewals and expansions. Knightscope recorded 39 new Emergency Communication Device sales across multiple verticals, including local government, higher education and healthcare in California, Washington, North Dakota, Florida and Virginia. In addition, more than 60 ECD units had their maintenance agreements renewed across higher education and local governments. Knightscope also reported progress within its Autonomous Security Robot segment, with eight new Machine-as-a-Service subscriptions sold and three new Risk & Threat human monitoring premium accounts added. New client agreements included deployments across several solar fuel cell manufacturing facilities, a large urban mixed-use property and several commercial real estate locations throughout California and Florida. Additionally, the Company achieved seven ASR subscription renewals across a range of industry verticals, including an enclosed mall, semiconductor testing facilities, and high-technology manufacturing, which supports the durability of Knightscope's subscription-based revenue model.

Knightscope continues to see strong interest across its autonomous security and emergency communication product lines and expects to maintain revenue momentum in Q4 as production efficiency improves. While the company expects supply chain conditions to remain uneven, management believes its procurement strategy and inventory controls should support continued delivery execution in the near term.

Reports Q3 revenue $3.1M, consensus $2.63M. "Knightscope delivered solid top-line growth in the third quarter as we successfully fulfilled orders delayed from the prior quarter," said CEO William Santana Li. "Our transition into our new headquarters has significantly strengthened our production capabilities and positioned us for greater operational efficiency as we prepare for our next phase of scaling." CFO Apoorv Dwivedi added, "Disciplined cost management and a strengthened balance sheet remain key priorities. With more than $20M in cash on hand following our recent capital raises, we believe we have the financial flexibility to advance our strategic growth initiatives and continue investing in innovation while prudently managing expenses."