Knightscope, Inc. Stock Price, News & Analysis

Knightscope (NASDAQ: KSCP) announces a new audio broadcast titled, “The Rise of the Robots — Already Here, More Are Coming.” The broadcast highlights the increasing demand for robots equipped with advanced surveillance technology to enhance security in public and private spaces. Knightscope positions itself as a leader in autonomous security technology, utilizing autonomous driving and artificial intelligence to create robots that support human security personnel. The company's goal is to contribute to making the U.S. the safest country.

Knightscope, Inc. (Nasdaq: KSCP) announced the acquisition of three new contracts for a total of 16 autonomous security machines, including 13 K1 Blue Light Towers and 3 Retrofit Kits. This expansion includes clients from Georgia and Texas educational institutions, highlighting the education sector as a growth area. The K1 devices enhance campus safety by utilizing cellular, satellite, and solar power for reliable emergency communication. Knightscope aims to establish secure environments for educational institutions, aligning with its mission of enhancing public safety across the U.S.

Knightscope, Inc. (NASDAQ: KSCP) was featured in a NetworkNewsWire editorial highlighting the growing presence of robots in various sectors. The global demand for industrial robots surged, with 517,000 units installed in 2021, reflecting a 31% increase from the previous year. Knightscope is actively investing in cutting-edge technology to enhance the everyday utility of robots. The company's goal is to make the U.S. the safest country through its autonomous security robots that deter, detect, and report.

Knightscope, Inc. (Nasdaq: KSCP) has expanded its presence in the healthcare sector by securing five new contracts for its Autonomous Security Robot (ASR) services across multiple U.S. states. These contracts include a mix of ASR types and reflect a growing demand for enhanced safety in healthcare environments. Notably, the contracts involve deploying robots in hospitals and rehabilitation centers, aimed at improving security visibility and the overall experience for workers and patients. This expansion highlights Knightscope's commitment to making healthcare settings safer.

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.

Knightscope, Inc. (Nasdaq: KSCP) has secured a contract with a California transit client to upgrade 97 parking lot emergency call boxes using the Knightscope K1 Retrofit Kits. This upgrade aims to enhance public safety for approximately 136,000 weekday passengers and is expected to reduce infrastructure and hardware costs, while improving reliability with a modern communication network. The K1 devices utilize cellular and satellite communications powered by solar energy to deter negative activities.

Knightscope, Inc. (Nasdaq: KSCP) has announced the activation of four new Autonomous Security Robots (ASRs) across various U.S. locations, expanding its market presence. Deployments include:

• A second K5 ASR for a major casino operator in Iowa.
• A K1 ASR servicing a Fortune 1000 hospitality company in Hawaii.
• A K5 ASR at a Fortune 500 food manufacturer’s parking lot.
• A K5 ASR with professional monitoring for a multi-family housing developer in Texas.

This expansion aims to enhance security solutions in diverse environments.

Knightscope, Inc. (Nasdaq: KSCP) has secured a contract to supply 31 K1 Blue Light Towers and 10 K1 Blue Light E-Phones at a university in New Jersey. This initiative responds to increasing student demands for enhanced safety measures, potentially boosting enrollment and revenue for the campus. Knightscope's security solutions integrate stationary and mobile technologies, aiming to reduce campus crime. Their systems utilize solar power and advanced communication methods, focusing on proactive safety measures in educational environments.

Knightscope, Inc. (NASDAQ: KSCP) announced its participation in the Violence in the Workplace Prevention Summit in Portland, OR on November 11, 2022. The event features Knightscope’s Robot Roadshow, showcasing its autonomous security robots in a hands-on environment. With 68 successful landings across 23 states and Washington, D.C., this initiative aims to foster client connections and demonstrate technology designed to enhance security. Attendance is free, though appointments are recommended due to high demand.