Knightscope secures $1 million in new contracts and renewals

SUNNYVALE - Knightscope, Inc. (NASDAQ:KSCP), a provider of autonomous security robots and emergency communication devices with a market capitalization of $57.53 million, announced Thursday it has secured $1 million in contract renewals, expansions and new sales. The company, which generated $11.01 million in revenue over the last twelve months, maintains a healthy balance sheet with more cash than debt according to InvestingPro analysis.

The company reported selling more than 90 new Emergency Communication Devices (ECDs) across aviation, higher education, national parks and recreation, and healthcare sectors. Additionally, Knightscope noted new agreements for its K5 autonomous security robots (ASRs) in healthcare and smart infrastructure applications. While the company maintains a solid current ratio of 1.9, InvestingPro data reveals challenges with negative gross profit margins of -29.8%.

Several higher education institutions, both public and private, have renewed full-service maintenance contracts for ECDs and added new installations. Government agencies, including law enforcement and county governments, have also renewed and expanded their partnerships with Knightscope for ECD maintenance.

The company highlighted continued renewals from healthcare institutions across the United States for ECD maintenance services, along with expansions of their communication infrastructure. Multiple ASR subscriptions were renewed in manufacturing, banking, casino and gaming, and hospitality sectors.

This announcement follows Knightscope’s Annual Report filing for the year ended December 31, 2024. The information is based on a company press release statement.

In other recent news, Knightscope Inc reported second-quarter 2025 revenue of $2.7 million, which fell short of H.C. Wainwright’s $3.1 million estimate. The shortfall was attributed to component shortages affecting the company’s Emergency Communication Device (ECD) product sales, with supply chain issues expected to persist through the remainder of 2025. Despite these challenges, H.C. Wainwright maintained its Buy rating and a price target of $12.00 for Knightscope. The company also announced securing over $1.3 million in new contracts, including major client renewals and strategic expansions, highlighting growth in its ECD segment with 834 new device bookings across various sectors.

Additionally, Knightscope has amended its bylaws to reduce the quorum required for stockholder meetings from a majority to one-third of the voting power. This change aims to facilitate easier decision-making during meetings. Furthermore, Knightscope filed a prospectus supplement for a potential $50 million stock offering, which will be conducted under an existing agreement with H.C. Wainwright & Co., LLC. This filing is part of an effective Registration Statement declared by the SEC in April 2025. These developments reflect Knightscope’s strategic efforts to navigate current challenges and expand its market presence.

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