Knightscope Turns Renewals into Revenue

Knightscope, Inc. (NASDAQ: KSCP) shares ---were flat nearing noon EST Monday. The company, an innovator in robotics and artificial intelligence technologies focused on public safety, has successfully secured renewals for 7 Autonomous Security Robots (ASRs) and extended Full Service Maintenance (FSM) agreements for 14 K1B clients with Emergency Communication Devices (ECDs), covering over 930 ECDs. These renewals collectively contribute more than $1 million in annual recurring revenue.Among the renewed agreements, Dignity Health has extended its Machine-as-a-Service (MaaS) subscription for an 8th consecutive year. Additionally, a Top 10 Fortune 500 entertainment corporation renewed its agreement for an 8th year, reinforcing its continued confidence in Knightscope’s technology. Westland, a residential community in Las Vegas, NV, also renewed its MaaS subscription, marking over four years of partnership with Knightscope.Further demonstrating growing market interest, a third independent analyst has initiated coverage of Knightscope’s stock. This latest initiation by Lake Street Capital Markets, alongside existing coverage from Ascendiant Capital Markets and H.C. Wainwright & Co., underscores the increasing recognition of Knightscope’s mission, technology, and market potential. KSCP shares poked ahead five cents to $10.89.