MOUNTAIN VIEW, Calif. - Knightscope, Inc. (NASDAQ:KSCP), a developer of artificial intelligence and robotics technology for public safety, has recently expanded its footprint by deploying two K5 Autonomous Security Robots (ASRs) in Washington. One robot has been stationed at a local casino, while the other is now part of a security services company's offerings, which has joined the Knightscope Authorized Partner (KAP) program.
The K5 ASR is designed to operate fully autonomously, patrolling outdoor areas without the need for human intervention. Equipped with advanced sensors, the robot can record high-quality video and collect publicly available data, which can be utilized in investigations. Its presence is intended to deter illegal activities through its size, lighting, strobe lights, broadcast messages, and patrol sounds. The robots can also be customized with branded graphics and client-selected voices for audio messages, enhancing guest interaction and emergency service access.
Knightscope's KAP program is selectively available to established resellers catering to U.S. facilities, enabling them to quickly identify end users and finalize contracts for Knightscope's technologies.
The company's broader mission is to significantly improve public safety and aims to make the United States the safest country in the world through its technological innovations.
The information in this article is based on a press release.
InvestingPro Insights
Knightscope, Inc. (NASDAQ:KSCP) has been making strides in expanding its operational presence, but what does the financial picture look like for investors? Based on the latest data from InvestingPro, the company holds a market capitalization of $48.37 million as of Q1 2023, with a significant revenue growth reported in the last twelve months, reaching 194.02%. This growth is a positive indicator of the company's expanding business and may reflect the increasing adoption of its autonomous security technologies.
However, it's important for investors to note that Knightscope's gross profit margins have been weak, with a reported gross profit of -$1.33 million and a margin of -10.99% for the same period. This suggests that despite rising revenues, the cost of goods sold is high, affecting overall profitability. Additionally, the company's stock has experienced substantial volatility, with a 60.88% drop in its one-year price total return as of the 46th day of 2024, indicating potential risks for investors.
InvestingPro Tips further highlight that while Knightscope has more cash than debt on its balance sheet, which is a good sign for financial stability, analysts do not anticipate the company will be profitable this year. The company's valuation also implies a poor free cash flow yield, which might be concerning for those looking for near-term returns.
For those interested in deeper analysis, there are additional InvestingPro Tips available that could provide more comprehensive insights into Knightscope's financial health and future prospects. To access these tips and delve into the metrics that matter, visit https://www.investing.com/pro/KSCP and remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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