Knightscope Surges with $2+ Million in Sales, Renewals and Expansions

Rhea-AI Summary

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.

Positive

• Secured over $2 million in new contracts
• Major reseller order for 150+ Emergency Communication Devices
• 14 ASR subscription renewals demonstrating customer retention
• Expansion of recurring revenue streams
• Geographic expansion across multiple states
• Diversification across sectors (education, transportation, gaming, healthcare)

Negative

• None.

Insights

Financial Analyst

Knightscope's announcement of $2+ million in new contracts represents a substantial business win relative to the company's $11.7 million market capitalization. The most significant aspect is the recurring revenue component highlighted throughout the release, which typically commands higher valuation multiples than one-time sales.

The contract mix demonstrates three critical business strengths:

• Customer retention evidenced by 14 ASR subscription renewals including a 6th-year casino client
• New customer acquisition across diverse sectors
• Expansion of existing relationships, suggesting strong product satisfaction

The higher education sector appears particularly promising with both the large university system ECD order and 60+ Emergency Management Systems sales across multiple states. This sector often provides stable, long-term contracts that support predictable cash flows.

The multi-sector approach (education, transportation, government, healthcare) demonstrates market validation beyond any single industry, reducing sector-specific risk. For a small-cap company, this diversification is particularly valuable for sustainable growth.

Most importantly, the recurring revenue emphasis suggests a strategic shift toward more predictable financial performance - potentially addressing the volatility and cash flow challenges that often plague smaller technology companies. The $2+ million in contracts provides significant revenue visibility relative to the company's size.

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. (NASDAQ: KSCP), a leader in developing autonomous security robots and artificial intelligence technologies, today announced over $2 million in new contracts, including major client renewals, technology expansions, and strategic deployments across the U.S. Contracts include a significant reseller order for more than 150 Emergency Communication Devices (ECDs) for a large university system, and marks accelerating momentum in Knightscope’s recurring revenue model.

Key wins and highlights include:

Higher Education Expansion: A major reseller order to serve a prominent university system, reinforcing Knightscope’s strong position in the education sector.

A K5 ASR sale to a major county transportation agency, enhancing infrastructure protection through 24/7 autonomous patrol, anomaly detection, and real-time data delivery.

14 ASR subscription renewals, including a 6th-year renewal with a casino and other long-term partners across self-storage, hospitality, healthcare, residential, and logistics sectors.

Public Sector Growth: A California government agency awarded a substantial budgetary expansion for Knightscope’s Full Service Maintenance (FSM) program, demonstrating deepening client trust and expanded footprint.

Transportation Infrastructure Upgrade: A commercial real estate operator at a major U.S. airport purchased 10 K1 Blue Light Towers bundled with KEMS and Verizon connectivity, showcasing growing demand for layered security infrastructure.

Over 60 Emergency Management Systems (KEMS) were sold to educational institutions in Alabama, Florida, and Texas, further validating Knightscope’s increasing relevance in school safety nationwide.

“We’re seeing sustained traction across both public and private sectors,” said William Santana Li, Chairman and CEO, Knightscope, Inc. “This momentum reflects the value of our recurring revenue model and validates our long-term strategy to transform public safety using autonomous technology – by building a recurring revenue business model for the recurring societal problem of public safety.”

Delivering Scalable Growth and Recurring Revenue

These contract wins significantly expand Knightscope’s deployed technology base and strengthen its recurring revenue pipeline. As public and private institutions seek modern, cost-effective safety solutions, Knightscope continues to stand out as a category leader in AI-powered autonomous security systems.

About Knightscope

Knightscope is transforming public safety with cutting-edge robotics and AI technologies. From autonomous security robots to advanced detection systems, Knightscope is committed to building safer communities where you live, work, study and visit. Our long-term ambition is bold but simple: 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, 2024, 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/20250403213335/en/

Public Relations

Drew McDowell

press@yourwashingtonoffice.com

Knightscope, Inc.

(650) 924-1025 ext. 6

Source: Knightscope, Inc.

FAQ

What is the value of Knightscope's (KSCP) latest contract wins in 2025?

Knightscope secured over $2 million in new contracts, including renewals, expansions, and strategic deployments across the U.S.

How many Emergency Communication Devices (ECDs) did KSCP sell to the university system?

A reseller ordered more than 150 Emergency Communication Devices (ECDs) for a large university system.

How many ASR subscription renewals did Knightscope (KSCP) secure in this announcement?

Knightscope secured 14 ASR subscription renewals, including a 6th-year renewal with a casino client.

How many KEMS systems did Knightscope (KSCP) sell to educational institutions?

Over 60 Emergency Management Systems (KEMS) were sold to educational institutions in Alabama, Florida, and Texas.