Knightscope Reports First Quarter 2025 Financial Results

Delivers 29% Revenue Growth Year Over Year and Significant Improvement in Gross Margin

Company to Participate in Ladenburg Thalmann Innovation EXPO25

SUNNYVALE, Calif.–Knightscope, Inc. (NASDAQ:KSCP), a leader in developing autonomous security robots and artificial intelligence technologies, today announced financial and operating results for the first quarter ended March 31, 2025.

First Quarter 2025 Financial Highlights

Total net revenue of $2.9 million, up 29% compared to $2.3 million in Q1 2024
Gross margin loss improved to (23%), a notable improvement from (64%) in Q1 2024
Net loss decreased to $6.9 million, a 19% improvement in Q1 2024
Cash and cash equivalents increased to $12.7 million, up from $11.1 million as of December 31, 2024
Total stockholders’ equity rose to $18.2 million, compared to $15.8 million as of December 31, 2024

Operational & Strategic Highlights

Continued Strong Demand – as of May 7, 2025, the Company had a total backlog of at $2.5 million, comprised of $1.9 million related to ECD orders and $0.6 million related to ASR orders.
Diverse Growth Drivers – ECD revenue outpaced prior year by 37%, led by expansion of strategic, long-term partnerships from new and existing customers.
Cost Discipline – general and administrative expenses declined 24% year over year, driven by lower investor relations and legal fees.
Enhanced Liquidity – raised $7.4 million through an at-the-market (ATM) equity offering and $1.4 million from a registered direct offering in Q1 2025.
New Headquarters – secured a new 33,000 sq ft facility in Sunnyvale, California, to support long-term growth and operational scaling.

“We are laser-focused on operational execution, financial discipline, and delivering innovation in public safety technologies,” said William Santana Li, Chairman and CEO of Knightscope. “Our year-over-year revenue growth and improved gross margin trajectory are indicators of the traction we are building across both private and public sector clients. The investments made in our next-generation K5 v5 platform, sales infrastructure, and capital structure have positioned us for continued growth.”

Screenshot 2025 05 14 062021 Knightscope Reports First Quarter 2025 Financial Results

Ladenburg Thalmann Innovation EXPO25

The company plans to participate in the Ladenburg Thalmann Innovation EXPO25, to be held on May 21, 2025, at Convene, 101 Park Avenue, New York, NY. This conference, held by Ladenburg Thalmann, a US middle market diversified financial services firm, is a premier event bringing together a diverse group of innovative companies and institutional investors for a full day of presentations, one-on-one meetings, and networking opportunities. “We look forward to participating in the Ladenburg Innovation EXPO25, which provides an opportunity to showcase our progress and connect directly with the investment community in a setting that fosters meaningful conversations,” said Apoorv Dwivedi, EVP and CFO, Knightscope.

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.

About Ladenburg Thalmann

Ladenburg Thalmann is a US middle market diversified financial services firm headquartered in New York and engaged in investment banking, focusing on fundraising, buyside & sellside M&A, high-yield debt, and private equity access for public and private companies. The firm also provides equity research, institutional sales and trading, independent brokerage, advisory services, trust services, and asset management. Together with its parent, Osaic, Ladenburg Thalmann has over 12,000 financial advisors in the US, managing over $650 billion in client assets. Ladenburg is a member of NYSE, NYSE American, FINRA, all other principal exchanges, and SIPC. Securities are offered through Ladenburg Thalmann & Co. Inc. broker-dealer, and advisory services are offered through Ladenburg Thalmann Asset Management (“LTAM”), an SEC registered investment advisor.

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.

Contacts

Ladenburg Thalmann Contact:
Mark Green
[email protected]
(800) 995-5267

Public Relations
Drew McDowell
[email protected]
Knightscope, Inc.
(650) 924-1025 ext. 6

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6) This document contains forward-looking information and forward-looking statements within the meaning of applicable Canadian and United States securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Knightscope, Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Knightscope, Inc.’s industry; (b) market opportunity; (c) Knightscope, Inc.’s business plans and strategies; (d) services that Knightscope, Inc. intends to offer; (e) Knightscope, Inc.’s milestone projections and targets; (f) Knightscope, Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Knightscope, Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Knightscope, Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Knightscope, Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Knightscope, Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) Knightscope, Inc.’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Knightscope, Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Knightscope, Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Knightscope, Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Knightscope, Inc.’s business operations (e) Knightscope, Inc. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, Knightscope, Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Knightscope, Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Knightscope, Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Knightscope, Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Knightscope, Inc. or such entities and are not necessarily indicative of future performance of Knightscope, Inc. or such entities.

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