Knightscope secures $1.2 million in new contracts

MOUNTAIN VIEW, Calif. - Knightscope, Inc. (NASDAQ: KSCP), a developer of autonomous security robots and artificial intelligence technologies, has announced securing over $1.2 million in new contracts. These contracts include client renewals, service expansions, and new deployments throughout the United States. The company, currently valued at $35 million by market capitalization, maintains a strong balance sheet with more cash than debt, according to InvestingPro data.

The recent contracts highlight the company’s growing subscription-driven business model. The deals encompass the sale of more than 70 Emergency Communication Devices (ECDs) and six-figure agreements for 11 Autonomous Security Robots (ASRs), both for new clients and renewals. While analysts project 25% revenue growth for the coming year, InvestingPro analysis indicates the company is currently burning through cash rapidly, with a negative EBITDA of $26.55 million in the last twelve months.

Among the significant achievements, a major Fortune 25 corporation has signed up for four K5 ASRs to enhance its security program. The education sector has shown a marked increase in engagement, with universities and colleges ordering 52 new ECDs. This reflects Knightscope’s expanding presence in campus safety.

In the commercial real estate sector, a leading property management group has added a K5 ASR for round-the-clock robotic patrols, automated anomaly detection, and live data feeds. The public sector has also shown momentum with multiple government entities, including municipal, state, airport, and law enforcement agencies, placing new orders for ECDs and extending their Full-Service Maintenance coverage.

The company reports strong client retention, with six ASR subscriptions renewed across various industries, reinforcing the perceived long-term value of Knightscope’s platform.

These new contracts are expected to contribute to Knightscope’s installed base and enhance its recurring revenue stream. The company positions itself at the forefront of AI-enabled security solutions as organizations increasingly seek modern and cost-efficient safety technologies. Based on InvestingPro’s Fair Value analysis, the stock appears fairly valued at current levels. Investors can access 16 additional ProTips and comprehensive financial metrics through InvestingPro’s detailed research report, one of 1,400+ available for top US stocks.

Knightscope’s mission is to transform public safety with innovative robotics and AI technologies, aiming to make the United States the safest country in the world.

The information in this article is based on a press release statement, and it should be noted that forward-looking statements involve risks and uncertainties. Actual results may differ materially from those projected due to various factors, including those discussed under "Risk Factors" in Knightscope’s Annual Report and other filings with the Securities and Exchange Commission.

In other recent news, Knightscope, Inc. has announced the lease of a new corporate headquarters in Sunnyvale, California, significantly expanding its operational capacity. This move is expected to enhance the company’s engineering, manufacturing, and client support capabilities. Meanwhile, Knightscope has launched a registered direct stock offering, pricing 625,000 shares at $2.75 each, aiming to raise approximately $1.7 million in gross proceeds. The funds will be used for working capital and general corporate purposes.

In an analyst update, H.C. Wainwright’s Scott Buck lowered the stock’s price target to $12.00 but maintained a Buy rating, citing positive business momentum and strategic changes. Knightscope has also secured full FedRAMP authorization, allowing the company to expand its security solutions across federal agencies, ensuring compliance with stringent cybersecurity standards. Additionally, the company has deployed its security technologies in healthcare facilities, including hospitals and a Department of Health facility, to enhance safety measures.

These developments come as Knightscope continues to focus on advancing public safety through its innovative technologies. The company is also preparing for the future release of its K7 Autonomous Security Robot and K1 Super Tower, slated for 2026.

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