Knightscope Inc
NASDAQ:KSCP
Knightscope Inc
Knightscope, Inc. engages in the provision and development of security technology solutions. The company is headquartered in Mountain View, California. The company went IPO on 2022-01-27. The firm offers real-time on-site data collection and analysis and an interface, primarily through funding from both strategic and private investors. The firm offers three products: the K5 ASR (K5) for outdoor usage; the K3 ASR (K3) for indoor usage, and the K1 ASR (K1) for stationary usage indoors or outdoors. The firm also provides access to the Knightscope Security Operations Center (KSOC) to all its clients, a browser-based interface that allows clients real-time data access. The firm's flagship K5 and K3 are designed to roam a geo-fenced area autonomously by utilizing numerous sensors and lasers, either on a random basis or based on a particular patrolling algorithm. The company helps navigate around people, vehicles and objects in dynamic indoor or outdoor environments. Its K3 is tailored for indoor usage, allowing it to autonomously navigate indoor environment. The K1 can be used indoors or outdoors.
Knightscope, Inc. engages in the provision and development of security technology solutions. The company is headquartered in Mountain View, California. The company went IPO on 2022-01-27. The firm offers real-time on-site data collection and analysis and an interface, primarily through funding from both strategic and private investors. The firm offers three products: the K5 ASR (K5) for outdoor usage; the K3 ASR (K3) for indoor usage, and the K1 ASR (K1) for stationary usage indoors or outdoors. The firm also provides access to the Knightscope Security Operations Center (KSOC) to all its clients, a browser-based interface that allows clients real-time data access. The firm's flagship K5 and K3 are designed to roam a geo-fenced area autonomously by utilizing numerous sensors and lasers, either on a random basis or based on a particular patrolling algorithm. The company helps navigate around people, vehicles and objects in dynamic indoor or outdoor environments. Its K3 is tailored for indoor usage, allowing it to autonomously navigate indoor environment. The K1 can be used indoors or outdoors.
Revenue Growth: Quarterly revenue was $3.1 million, up 23.5% year-over-year, with product revenue surging 82% and services revenue up 2%.
Margin Dip: Margins temporarily declined due to manufacturing changes and a $600,000 inventory write-off during the facility move.
Losses Narrowed: Net loss was $10 million, $1 million better than last year, with EPS at -$0.98, improved from -$3.58 in the prior year.
Cash Position: Cash balance reached $20.4 million, a significant increase from $5.3 million a year ago.
K7 Robot Launch: The new K7 autonomous security robot will begin limited series production in the second half of 2026, aimed at larger and more complex environments.
Operational Overhaul: The company is overhauling manufacturing and processes to prepare for larger scale and growth.
M&A Focus: Management is actively pursuing M&A opportunities, especially in perception and AI, as part of a broader technology and services platform strategy.
Adoption Challenges: Management acknowledged slow and uneven market adoption, especially among traditional security clients and government.
