Knightscope, Inc. - KSCP STOCK NEWS

Knightscope (NASDAQ: KSCP) has signed a lease for a new 33,355-square-foot corporate headquarters in Sunnyvale, California, marking its 12th anniversary since founding in 2013. The new facility at 305 North Mathilda Avenue more than doubles the company's previous space and will serve as a hub for innovation in AI-powered autonomous public safety and emergency communication technologies.

The strategic Silicon Valley location will enable accelerated growth across engineering, manufacturing, and client support for both private sector and federal clients. The expanded facility aims to increase production capacity for Autonomous Security Robots (ASR) and Emergency Communication Devices (ECD), while improving internal collaboration and streamlining nationwide deployment. The company plans to develop and manufacture the future K7 ASR and K1 Super Tower in 2026 at this location.

Knightscope (NASDAQ: KSCP) has secured over $2 million in new contracts, demonstrating significant growth through renewals, expansions, and strategic deployments across the United States. The contracts include a major reseller order for more than 150 Emergency Communication Devices (ECDs) for a large university system.

Key highlights include: a K5 ASR sale to a county transportation agency, 14 ASR subscription renewals including a 6th-year casino renewal, a California government agency's expansion of the Full Service Maintenance program, and a commercial real estate operator's purchase of 10 K1 Blue Light Towers at a major U.S. airport. Additionally, over 60 Emergency Management Systems (KEMS) were sold to educational institutions across Alabama, Florida, and Texas.

Knightscope (NASDAQ: KSCP) reported its FY 2024 financial results, showing mixed performance with several key developments. Revenue decreased to $10.8 million from $12.8 million in 2023, while service revenue grew 4% to $7.5 million. The company reported increased losses with a gross loss of $(3.7) million and net loss of $(31.7) million.

Notable achievements include obtaining FedRAMP Authority to operate, launching the first K5 GOV unit with the VA, and securing an SBIR contract with the U.S. Air Force. The company strengthened its cash position to $11.1 million through $34.5 million in capital raised. The current backlog stands at $1.8 million, reduced from $5.2 million previously.

Strategic initiatives included leadership restructuring with a 40% reduction in executive headcount, appointment of new CFO and board members, and continued development of K7 Multi-Terrain ASR and K1 Super Tower products targeted for 2026 release. With nearly 10,000 Machines-in-Network deployed nationwide, Knightscope focuses on scaling its Machine-as-a-Service subscription model.

Knightscope (NASDAQ: KSCP), a developer of autonomous security robots and AI technologies, has completed a registered direct offering of 625,000 shares of Class A common stock at $2.75 per share, raising approximately $1.7 million in gross proceeds. H.C. Wainwright & Co. served as the exclusive placement agent for the offering.

The company plans to utilize the net proceeds for working capital and general corporate purposes. The securities were offered through a previously filed and effective 'shelf' registration statement on Form S-3, with the offering conducted via a prospectus supplement and accompanying base prospectus.

Knightscope (NASDAQ: KSCP), an autonomous security robots and AI technologies company, has announced a registered direct offering of 625,000 common stock shares at $2.75 per share, expecting to raise approximately $1.7 million in gross proceeds.

The offering is scheduled to close around March 31, 2025, subject to customary closing conditions. H.C. Wainwright & Co. serves as the exclusive placement agent. The company plans to utilize the net proceeds for working capital and general corporate purposes.

The offering is being conducted under a previously filed and effective shelf registration statement on Form S-3, with a prospectus supplement to be filed with the SEC.

Knightscope (NASDAQ: KSCP), an autonomous security robots and AI technologies developer, has submitted public comment to the White House's 'Development of an Artificial Intelligence (AI) Action Plan.' The company's recommendations focus on:

• Modernizing procurement policies for autonomous security robots (ASRs) in federal facilities
• Authorizing autonomous security in federally managed spaces
• Launching a multi-agency pilot program
• Prohibiting federal procurement of ASRs from adversary nations

The submission to the Office of Science and Technology Policy (OSTP) emphasizes the need for AI-driven security solutions to protect federal facilities and critical infrastructure while creating safer environments for government employees, visitors, and communities. Knightscope argues that AI-powered security systems can reduce labor costs, minimize turnover, and address threats from adversarial AI and advanced criminal tactics.

Knightscope (NASDAQ: KSCP) reports significant momentum with 107 machines and devices in motion, including 11 Autonomous Security Robot (ASR) transactions and 96 Emergency Communication Devices (ECDs). The company secured 4 ASR subscription renewals from clients in Healthcare, Automotive Lubricants, and Logistics & Distribution sectors, alongside 7 new ASR deployments including Forbes Todd Automotive and Phenix City.

Through its authorized reseller Transportation Solutions & Lighting (TS&L), Knightscope sold 96 ECDs to three Higher Education campuses. These installations include K1 Blue Light Towers and E-Phones, providing immediate access to campus security and emergency services. TS&L anticipates a record year in ECD sales driven by increasing wireless solutions demand.

Knightscope (NASDAQ: KSCP) announced new sales achievements and technological upgrades across multiple sectors. The company completed a fleet-wide upgrade to the 5th generation K5 Autonomous Security Robot, replacing all K5 v3 models with K5 v5 units at no additional cost to existing clients.

Through its partner Structure Consulting Group, Knightscope will provide the City of Killingly, CT with emergency phone systems utilizing Verizon Frontline. The City College of San Francisco is expanding its K1 Blue Light Tower deployment, while the Southern California Regional Rail Authority is increasing its emergency call box network to 80 units.

The company's upgraded K5 robots are now serving various sectors including Distribution Centers, Retail, Commercial Real Estate, Hospitality, High-Tech Corporate Campuses, Industrial Real Estate, and Casinos.

Knightscope (NASDAQ: KSCP) announced three new healthcare sector expansions of its security solutions. A Texas hospital upgraded its emergency communication system with Knightscope Emergency Communication Devices (ECDs) integrated with Verizon cellular service. Another hospital deployed a K5 Autonomous Security Robot (ASR) for parking area surveillance, while a Northeast Department of Health facility implemented the K1 Blue Light Tower emergency response system.

The company also launched a Robot Quiz, designed to help community leaders and security professionals evaluate if autonomous security solutions could benefit their facilities. The quiz consists of 12 questions and takes approximately 3 minutes to complete.