10 New Sales in First 10 Days of 2025

Rhea-AI Summary

Knightscope (KSCP) has secured 10 new client agreements in the first 10 days of 2025 for its autonomous security robots (ASR) and emergency communication devices (ECD). A Dallas automotive group signed a two-year contract for a K5 ASR to address vandalism and theft issues, with potential expansion to two additional dealerships.

The company received orders for 29 K1 ECDs from clients across Georgia, Massachusetts, Texas, and Virginia, serving counties, municipalities, and educational institutions. Expansion contracts were secured in Florida, Massachusetts, New Jersey/New York, and North Carolina, covering commercial development, municipal, port authority, and college deployments.

Following Knightscope's announced corporate restructuring and operational changes in December 2024, these early 2025 sales indicate positive momentum for the company's growth strategy.

Positive

• Secured 10 new client agreements in first 10 days of 2025
• Two-year contract with Dallas automotive group with potential expansion to two more locations
• 29 new K1 ECDs orders across multiple states
• Multiple expansion contracts from existing clients in various sectors

Negative

• None.

Insights

Sales & Business Analyst

The company's strong start to 2025 with 10 new client agreements in just 10 days signals improving sales momentum, particularly noteworthy for a micro-cap company. The mix of new clients, expansions and restock orders demonstrates healthy demand across their product portfolio.

The automotive group deal in Dallas is strategically valuable as it includes potential expansion to multiple locations, representing a land-and-expand opportunity. The 29 Emergency Communication Devices (ECD) orders from institutional clients like counties, municipalities and colleges provide stable, recurring revenue streams.

However, investors should note that while the sales uptick is positive, the company's market cap of $47M indicates it's still in early growth stages. The 2024 turnaround efforts mentioned suggest previous operational challenges that required significant restructuring. The sustainability of this sales momentum and path to profitability remain critical factors to monitor.

Technology Industry Expert

The strategic shift from fixed camera systems to autonomous security robots (ASRs) at the Dallas automotive group highlights a broader industry trend toward intelligent, mobile security solutions. The K5 ASR's selection over traditional surveillance systems validates Knightscope's value proposition in addressing complex security challenges like vandalism and unauthorized access.

The company's diversified product ecosystem, combining ASRs with emergency communication devices, positions it well in the evolving security technology landscape. The restock order from their authorized partner NSS/TS&L suggests healthy channel relationships and consistent end-market demand.

From a competitive standpoint, Knightscope's ability to secure contracts across diverse sectors (automotive, education, maritime, municipal) demonstrates strong product-market fit. However, the focus should be on execution and scaling capabilities to capitalize on these early market validations.

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), an innovator in robotics and artificial intelligence (“AI”) technologies focused on public safety, today announces that it has received 10 new client agreements in the first 10 days of 2025 for the Company’s autonomous security robot (“ASR”) and emergency communication devices (“ECD”).

10 New Sales in First 10 Days of 2025 (Photo: Business Wire)

An automotive group in Dallas, Texas, signed a two-year agreement for Knightscope’s K5 ASR. According to the new client, the K5 is expected to remedy issues with vandalism, theft and unauthorized personnel, and chose the K5 over the installation of more fixed camera systems. The client has three dealerships in the DFW Metroplex area and stated that when this deployment proves successful, it will expand to those locations with both K5 and K1 Hemisphere deployments.

Knightscope also received new, expansion and restock orders for its K1 ECDs. Clients in Georgia, Massachusetts, Texas and Virginia purchased a total of 29 ECDs to provide one-touch communications in two counties, a municipality and a college. Expansion contracts from existing clients include deployments in Florida, Massachusetts, New Jersey/New York, and North Carolina, representing a commercial development, a municipality, a major port authority and college, respectively. And longtime Knightscope Authorized Partner (“KAP”), Transportation Solutions & Lighting, Inc., – Safety and Security Division – National Safety Systems (“NSS/TS&L”), replenished its inventory of K1 Blue Light Towers in anticipation of future orders.

As announced at the end of December, Knightscope’s leadership emphasized 2024 as a turnaround year, making key changes across corporate structure, technology, and operations to pave the way for rapid growth in 2025 and feels today’s announcement is a good indicator of what is to come.

GET EXPERT HELP

To learn more about Knightscope’s portfolio of public safety technologies, including the K1 Laser, Autonomous Security Robots, Blue Light Emergency Communication Systems or Automated Gunshot Detection Services, book a discovery call or demonstration today at www.knightscope.com/discover.

About Knightscope

Knightscope builds cutting-edge technologies to improve public safety, and our long-term ambition is to make the United States of America the safest country in the world. Learn more about us at www.knightscope.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified by the use of words such as “should,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” “proposes” and similar expressions. Forward-looking statements contained in this press release and other communications include, but are not limited to, statements about the Company’s goals, profitability, growth, prospects, reduction of expenses, and outlook. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks, uncertainties and other important factors that could cause actual results to differ materially from such forward-looking statements, including the factors discussed under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2023, as updated by its other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of the document in which they are contained, and Knightscope does not undertake any duty to update any forward-looking statements, except as may be required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250114399376/en/

Public Relations:

Stacy Stephens

Knightscope, Inc.

(650) 924-1025

Source: Knightscope, Inc.

FAQ

How many new client agreements did Knightscope (KSCP) secure in early 2025?

Knightscope secured 10 new client agreements in the first 10 days of 2025 for its ASR and ECD products.

What is the duration of KSCP's new contract with the Dallas automotive group?

The Dallas automotive group signed a two-year agreement for Knightscope's K5 ASR.

How many K1 Emergency Communication Devices did KSCP sell in its recent orders?

Knightscope received orders for 29 K1 ECDs from clients across Georgia, Massachusetts, Texas, and Virginia.

Which states received expansion contracts from KSCP in early 2025?

Expansion contracts were secured in Florida, Massachusetts, New Jersey/New York, and North Carolina.

What security issues will KSCP's K5 ASR address for the Dallas automotive client?

The K5 ASR is expected to address issues with vandalism, theft, and unauthorized personnel at the Dallas automotive dealership.