Knightscope secures additional $1 million in new contracts and renewals

SUNNYVALE, Calif. - Knightscope, Inc. (NASDAQ:KSCP), a provider of autonomous security robots and emergency communication devices trading near its InvestingPro Fair Value, announced Tuesday it has secured over $1 million in new contracts and renewals, following a similar achievement last month. The company, with a market capitalization of $62 million, has seen its stock surge over 100% in the past six months despite ongoing operational challenges.

The company reported 19 new Emergency Communication Device (ECD) bookings across healthcare, aviation, higher education, and government sectors, expanding its recurring revenue base. These deployments are part of Knightscope’s strategy to increase its presence in critical infrastructure markets. According to InvestingPro data, while the company maintains more cash than debt on its balance sheet, it faces challenges with negative gross profit margins of -29.8%.

Knightscope also secured new contracts for its K5 Autonomous Security Robot (ASR) deployments in affordable housing communities, luxury retail centers, and hospitality properties.

The company highlighted several renewal agreements, including multi-year Full-Service Maintenance contracts with law enforcement and local governments, service coverage extensions with healthcare providers, and campus deployment expansions with higher education institutions. Multiple ASR subscriptions were also renewed across retail, hospitality, food processing distribution, and healthcare sectors.

This growth in both new business and renewals indicates continued market adoption of Knightscope’s technology-driven security solutions, according to the press release statement.

Knightscope develops robotics and AI technologies aimed at enhancing public safety and security infrastructure across various commercial and public sectors. For investors seeking deeper insights, InvestingPro offers comprehensive analysis with 14+ additional ProTips and a detailed research report, helping you make informed decisions about this emerging technology company.

In other recent news, Knightscope, Inc. reported $2.7 million in revenue for the second quarter of 2025, falling short of H.C. Wainwright’s $3.1 million estimate. The discrepancy was attributed to component shortages affecting Emergency Communication Device (ECD) product sales, a challenge expected to persist throughout the year. Despite these supply issues, H.C. Wainwright maintained its Buy rating on Knightscope with a $12.00 price target. Furthermore, Knightscope secured over $1.3 million in new contracts, including significant client renewals and expansions across the United States. The company noted substantial growth in its ECD segment, with 834 new device bookings in sectors such as aviation, casinos, and healthcare. Additionally, Knightscope announced $1 million in contract renewals and new sales, with over 90 new ECDs sold in various industries. In a related development, Stacy Stephens, co-founder of Knightscope, joined Artificial Intelligence Technology Solutions, Inc. as Senior Vice President of Sales at its subsidiary, Robotic Assistance Devices Mobile, Inc.

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