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Knightscope, Inc. (Nasdaq: KSCP) announces forecasted revenue growth, projecting a run rate of $12M - $14M for the next twelve months, up from $3.4M in 2021. The company will also launch a video series titled “Rise of the Robots” to update investors. Contract sizes are increasing with significant deals including a doubling of the PG&E contract and multi-unit orders from major healthcare networks and retailers. Knightscope's mission is to enhance safety across the U.S. as it scales operations in various sectors.
Positive
Projected revenue growth to $12M - $14M, significantly up from $3.4M in 2021.
Increased contract sizes, including a major order from a nationwide retailer.
Launch of investor-focused video series, enhancing communication.
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None.
Public Safety Innovator Continues Accelerated Year Over Year Growth
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--
Knightscope, Inc. (Nasdaq: KSCP), a leading developer of autonomous security robots, today announces its anticipated revenue growth for the next twelve months and will be broadcasting the first video episode in a series titled “Rise of the Robots” today across its social media platforms.
Knightscope (Nasdaq: KSCP) Projects Tripling Annualized Revenue (Graphic: Business Wire)
Knightscope investors frequently inquire to obtain financial and statistical data on the Company’s progress. “Rise of the Robots” was created to share important Company updates to its investors and tens of thousands of its followers
“We’ll be filing the 8-K for the combined entity at the end of the year,” said William Santana Li, Knightscope’s chairman and CEO. “We expect that the two units together will likely be running at a revenue run rate in the range of $12M - $14M delivering on the accelerated growth by a significant margin versus the $3.4M from 2021. The Rise of the Robots is happening.”
Knightscope’s mission is to make the United States the safest country in the world, and the growth experienced in 2022 along with the many client reported successes puts them one small step closer to making that dream a reality. Contract sizes continue to increase with numerous multi-unit deals announced such as the doubling of the contract with PG&E, the growth of three major healthcare networks and universities, and the Company’s largest K5 order from a major nationwide retailer. Each of these clients can easily scale as Knightscope accelerates penetration in multiple verticals.
To schedule an appointment with an expert to discover how Knightscope can help you better secure the places people live, study, work and visit, click here.
About Knightscope
Knightscope is an advanced security technology company based in Silicon Valley that builds fully autonomous security robots that deter, detect and report. Knightscope’s long-term ambition is to make the United States of America the safest country in the world. Learn more about the company at www.knightscope.com. Follow Knightscope on Facebook, Twitter, LinkedIn and Instagram.
Forward-Looking Statements
This press release may contain ”forward-looking statements” about Knightscope’s future expectations, plans, outlook, projections and prospects. 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. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Readers are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended Dec. 31, 2021. 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.
