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SUNNYVALE, Calif. - Knightscope, Inc. (NASDAQ:KSCP) announced it has secured $1 million in new contracts and client renewals, according to a press release statement from the security technology company. The micro-cap firm, currently valued at approximately $50 million, has seen its stock price fall over 75% in the past year according to InvestingPro data.
The company reported over 60 new Emergency Communication Device (ECD) sales across higher education, healthcare, local government, and homeowners' associations sectors. Additionally, hundreds of ECD units were renewed by existing clients in local government, healthcare, higher education, and utilities.
In its Autonomous Security Robot (ASR) business, Knightscope added eight new Machine-as-a-Service (MaaS) subscriptions, with seven units deployed in residential multifamily communities and one in a higher education setting. The company also secured seven ASR subscription renewals from clients in healthcare, casinos, residential multifamily, commercial real estate, and manufacturing sectors.
Knightscope develops physical security technologies designed to enhance security infrastructure in both public and private environments. The company operates on a subscription-based model for its security robots and communication devices.
This announcement follows similar monthly achievements for the company, which has been working to build its recurring revenue streams through its Machine-as-a-Service business model.
In other recent news, Knightscope, Inc. reported $2.7 million in revenue for the second quarter of 2025, which fell short of H.C. Wainwright's $3.1 million estimate. The shortfall was attributed to component shortages affecting sales of Emergency Communication Devices, with expectations that these supply chain issues will persist through the remainder of 2025. Despite these challenges, H.C. Wainwright maintained its Buy rating on Knightscope with a price target of $12.00. Additionally, Knightscope announced it has secured over $1 million in new contracts and renewals, expanding its presence in sectors like healthcare, aviation, and higher education. The company reported 19 new Emergency Communication Device bookings, contributing to its recurring revenue base. Furthermore, Knightscope sold more than 90 new Emergency Communication Devices and secured new agreements for its K5 autonomous security robots. In other developments, Stacy Stephens, co-founder of Knightscope, has joined Artificial Intelligence Technology Solutions, Inc. as Senior Vice President of Sales at its subsidiary, Robotic Assistance Devices Mobile, Inc.
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