Latest news with #Knightscope
Business Wire
4 days ago
- Business
- Business Wire
Knightscope Exceeds $1M in Contracts in New Sales & Renewals
SUNNYVALE, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. (NASDAQ: KSCP), a leader in developing autonomous security robots and artificial intelligence technologies, today announced over $1 million in new contracts, including major client renewals, expanded service deployments, and new wins across the country. The latest round of contracts includes resellers, higher education, transit authority, and local government clients placing orders for 525 Emergency Communication Devices (ECDs) and making six-figure commitments toward 7 Autonomous Security Robots (ASRs). Recent Wins Higher Education on the Rise – universities and colleges ramped up their campus safety efforts with orders for 118 new ECDs, further cementing Knightscope's role as a campus security staple. Commercial Real Estate Goes Autonomous – a top-tier property management firm added a K5 ASR and K1 Hemisphere units for around-the-clock patrols, real-time data feeds, and anomaly detection. They also subscribed to Risk & Threat Exposure (RTX) Analyst Premium Services to support multiple locations 24/7. Public Sector Momentum Builds – municipalities, state agencies, airports, and law enforcement departments expanded their deployments with new ECD orders and extended Full-Service Maintenance (FSM) contracts. Retention Reinforces Value – 13 ASR subscriptions were renewed across diverse industries, including biotech, hospitality, casinos and gaming, cosmetics and retail, validating the long-term ROI of Knightscope's platform. Fueling a High-Growth, Recurring Revenue Engine Every new contract adds to Knightscope's growing install base, reinforcing its leadership in AI-powered safety technologies. As public and private sector organizations seek smarter, more cost-effective solutions, Knightscope continues scaling a robust subscription-driven business model that delivers value well into the future. 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 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.
Yahoo
16-05-2025
- Business
- Yahoo
Knightscope Inc (KSCP) Q1 2025 Earnings Call Highlights: Revenue Surge Amidst Operational Challenges
Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Knightscope Inc (NASDAQ:KSCP) reported a 29% increase in total revenue for Q1 2025, reaching $2.9 million compared to $2.3 million in Q1 2024. Service revenues grew by 25% to $2.1 million, driven by ASR subscriptions and full-service maintenance agreements. Product revenues increased by 44% to $809,000, attributed to successful distribution partnerships. Gross loss improved significantly, reducing to $700,000 from $1.4 million in the previous year. Operating expenses decreased by 9% year-over-year, reflecting cost discipline and strategic changes in sales and marketing. Despite improvements, Knightscope Inc (NASDAQ:KSCP) still reported a net operating loss of $6.8 million for the quarter. The company is yet to achieve positive EBITDA and earnings, with timing for profitability still uncertain. There are risks of disruption due to the move to a new facility, which could impact production and operations. Macro uncertainties, such as tariffs, could potentially impact component pricing and supply chain lead times. The company faces challenges in scaling its customer base and becoming a household name, partly due to funding constraints. Warning! GuruFocus has detected 4 Warning Signs with KSCP. Q: How is the current macroeconomic uncertainty affecting conversations with potential customers? A: Uncertainty primarily impacts financials, such as tariffs, which affect supplier costs and component lead times. However, the focus on security and national safety is favorable for Knightscope. The company is managing these challenges while benefiting from the "buy American" sentiment. (Respondent: Unidentified_2) Q: Is the improvement in per share loss due to the reverse stock split? A: Yes, the reverse stock split occurred in September last year. The per share price reflects this adjustment, ensuring a 1-to-1 comparison with previous figures. (Respondent: Unidentified_2) Q: When will Knightscope report positive EBITDA and earnings? A: The timing is yet to be determined. The company is focused on business growth and long-term shareholder value rather than immediate profitability. (Respondent: Unidentified_2) Q: How does the company plan to manage costs as revenue scales? A: Knightscope plans to scale revenue first and add costs only when necessary, ensuring responsible management of expenses. The focus is on automation and AI to improve efficiency without proportionally increasing costs. (Respondent: Unidentified_2) Q: What is the status of the new facility, and what are the potential disruptions and costs? A: The new facility is expected to be operational by August. Costs include moving, furnishing, and setting up operations. Disruptions are anticipated during the transition, but efforts are being made to minimize them. (Respondent: Unidentified_2) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Knightscope, Inc. (KSCP) Reports Q1 Loss, Tops Revenue Estimates
Knightscope, Inc. (KSCP) came out with a quarterly loss of $1.28 per share versus the Zacks Consensus Estimate of a loss of $1.47. This compares to loss of $4 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.93%. A quarter ago, it was expected that this company would post a loss of $1.88 per share when it actually produced a loss of $0.78, delivering a surprise of 58.51%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Knightscope , which belongs to the Zacks Technology Services industry, posted revenues of $2.92 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 8.84%. This compares to year-ago revenues of $2.25 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Knightscope shares have lost about 58.2% since the beginning of the year versus the S&P 500's gain of 0.1%. While Knightscope has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Knightscope: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$1.22 on $2.93 million in revenues for the coming quarter and -$4.84 on $12.99 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the top 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Full Truck Alliance Co. Ltd. Sponsored ADR (YMM), another stock in the same industry, has yet to report results for the quarter ended March 2025. The results are expected to be released on May 21. This company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of +70%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Full Truck Alliance Co. Ltd. Sponsored ADR's revenues are expected to be $366.75 million, up 16.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Knightscope, Inc. (KSCP) : Free Stock Analysis Report Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
09-05-2025
- Business
- Business Wire
Knightscope Joins AUVSI to Advance Autonomous Systems Policy
SUNNYVALE, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. (NASDAQ: KSCP), a leader in developing autonomous security robots and artificial intelligence technologies, announced today that it has joined the Association for Uncrewed Vehicle Systems International (AUVSI). AUVSI is the world's largest nonprofit organization devoted to the advancement of uncrewed systems and robotics, and Knightscope's new membership underscores the Company's commitment to national leadership in autonomous security innovation. By joining AUVSI, Knightscope stands alongside industry giants in shaping the future of autonomous systems policy in the United States of America. AUVSI Knightscope will take an active role in AUVSI's Cyber, Ground, and Defense Advocacy Committees as well as the newly created Robotics Subcommittee, which drive strategic policies and funding priorities for uncrewed systems across government and industry. A key policy development initiative is a focus on a National Robotics Strategy. Through these committees, Knightscope will contribute its real-world expertise in autonomous ground robotics and cybersecurity to inform national standards and legislation that enhance public safety and protect critical infrastructure. This strategic engagement not only amplifies Knightscope's voice in key policy discussions but also strengthens its influence in the federal sector, reinforcing the Company's role as a key stakeholder in the future of autonomous security and defense technologies. 'Knightscope has always championed innovation in the name of public safety, and joining AUVSI enables us to push that mission even further,' said William Santana Li, chairman and chief executive officer of Knightscope. 'We are proud to collaborate with other industry pioneers through AUVSI to accelerate the adoption of life-saving autonomous technologies, and we intend to help shape the policies that will make America safer and stronger in the years and decades to come.' Knightscope's overarching mission is to make the United States of America the safest country in the world. Every innovation the Company brings to market – from its Autonomous Security Robots that deter crime to its AI-driven detection systems that provide 24/7 situational awareness – serves this mission by enhancing national security and public safety. By infusing this mission-driven approach into forums like AUVSI, Knightscope aims to influence the broader adoption of technologies that protect the public and support those who safeguard our Nation. TOWN HALL Knightscope will host its First Quarter 2025 Earnings Town Hall on Wednesday, May 14, 2025, at 12pm PDT / 3pm EDT. Join us for an in-depth review of the Company's performance, progress, and outlook. RSVP here to attend the live webinar and participate in the conversation on the future of security. 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 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.
Business Wire
24-04-2025
- Business
- Business Wire
Knightscope Secures $1.2+ Million Boost in Sales Won and Client Base Growth
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. (NASDAQ: KSCP), a leader in developing autonomous security robots and artificial intelligence technologies, today announced over $1.2 million in new contracts, including significant client renewals, service expansions and new deployments across the USA. This achievement comes on the heels of announcements earlier this month regarding securing a new 33,000 sq ft headquarters in Silicon Valley, recruiting for a 2 nd shift of manufacturing jobs, and $2+ million in sales, renewals, and expansions. Knightscope has secured a series of sizeable contracts that underscore the accelerating traction of its subscription‑driven business model. The latest awards feature reseller & higher education client purchases of 70+ Emergency Communication Devices (ECDs) and six‑figure commitments for 11 Autonomous Security Robots (ASRs) – both new deployments as well as renewals. Recent Wins at a Glance Major Fortune 25 Corporation – a major publicly traded company has signed a contract for 4 K5 ASRs to patrol and enhance its overall security program Higher Education Surge – universities and colleges ordered and expanded their emergency communications with 52 new ECDs, increasing Knightscope's rapid campus safety footprint. Commercial Real Estate adoption – a premier property‑management group added a K5 ASR to provide 24/7 robotic patrols, automated anomaly detection and live eye-level data feeds. Public Sector Momentum – multiple government entities – including municipal, state, airport and law‑enforcement agencies – placed new ECD orders and extended their Full-Service Maintenance (FSM) coverage. Strong Client Retention – 6 ASR subscriptions were renewed across healthcare, residential, biotech and commercial real estate, validating the platform's long‑term value. Scaling a Recurring Revenue Engine Each contract broadens Knightscope's installed base and deepens its annuity stream, positioning the company at the forefront of AI‑enabled security solutions as public and private organizations seek modern, cost‑efficient safety technology. 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 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.
