Knightscope Q2 Revenue Triples to ~$9M, Sets New Record
KSCP is trading near its 52-week low of $1.35 (3.3% above the low) on elevated volume (5.8× avg).
Summary
Knightscope announced preliminary Q2 revenue of approximately $9 million, more than tripling the $2.7 million from a year ago and setting a new quarterly record. The company now serves 434 clients across 42 states. This follows the 8-K filed earlier today with the same revenue figure, but the press release adds CEO commentary and a video outlining the new Autonomous Security Force strategy. The growth is substantial relative to the company's $24 million market cap, but the stock remains near its 52-week low amid ongoing cash burn and going-concern warnings. Full Q2 results are expected in mid-August.
At the time of this announcement, KSCP was trading at $1.40 on NASDAQ in the Technology sector, with a market capitalization of approximately $24.1M. The 52-week trading range was $1.35 to $10.14. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: FinanceWire.