Knightscope secures over $1 million in new contracts

SUNNYVALE, Calif. - Knightscope, Inc. (NASDAQ: KSCP), known for its autonomous security robots and artificial intelligence technology, has announced securing over $1 million in new contracts. The deals include renewals and expansions with existing clients, as well as fresh engagements across the United States, indicating a growing demand for AI-driven security solutions. According to InvestingPro data, while the company maintains a healthy balance sheet with more cash than debt and a current ratio of 2.27x, it faces challenges with rapid cash burn and negative gross margins of -25.48%.

The company’s recent successes feature a mix of resellers, educational institutions, transit authorities, and local government bodies. These entities have placed orders for 525 Emergency Communication Devices (ECDs) and committed to significant investments in 7 Autonomous Security Robots (ASRs). With annual revenues of $11.47 million and a market capitalization of $38.51 million, these new contracts represent a significant opportunity for growth.

In the realm of higher education, universities and colleges are enhancing campus safety by ordering 118 new ECDs, reinforcing Knightscope’s presence in the sector. A leading property management firm has adopted a K5 ASR and K1 Hemisphere units, complementing their security measures with 24/7 patrols, real-time data, and anomaly detection, and has also subscribed to the RTX Analyst Premium Services.

Public sector momentum is evident as various state agencies, including airports and law enforcement, have increased their investments in new ECD orders and extended their Full-Service Maintenance contracts. The renewal of 13 ASR subscriptions across industries like biotech, hospitality, and retail highlights the perceived value and return on investment of Knightscope’s offerings.

Knightscope’s growing install base is a testament to its leadership in the AI-powered safety technology space. The company’s subscription-driven business model aims to provide long-term value as organizations continue to seek efficient safety solutions.

The company’s vision is to significantly enhance public safety in the United States, leveraging its advanced robotics and AI technologies to create safer communities.

This announcement is based on a press release statement from Knightscope, Inc. and reflects the company’s current trajectory in expanding its market presence through strategic contracts and renewals.

In other recent news, Knightscope reported a 29% increase in total revenue for Q1 2025, reaching $2.9 million. This growth was driven by a 25% rise in service revenue and a 44% increase in product revenue. The company also managed to reduce its net loss by 11%, now standing at $11 million. Knightscope’s CFO, Apoorv, emphasized the company’s focus on achieving positive gross margins through price optimization and cost control. The company is also exploring potential expansions in government contracts and partnerships in robotics technology.

Knightscope’s strategic focus on operational efficiency and product innovation has been highlighted as key to its recent performance. The company reduced its gross loss to $700,000, down from $1.4 million, and operating expenses decreased by 9%. The company’s CEO, Bill, expressed optimism about the company’s direction, citing the numerous changes made over the past 15 months. Knightscope is also planning to move to a new facility to enhance its production capabilities and operational efficiency.

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