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Stock impact report

Knightscope Announces Significant Financial Milestones [Yahoo! Finance]

Knightscope, Inc. - Class A (KSCP) 
Company Research Source: Yahoo! Finance
MOUNTAIN VIEW, Calif., April 02, 2024 BUSINESS WIRE Knightscope, Inc. [Nasdaq: KSCP] ("Knightscope" or the "Company"), an innovator in robotics and artificial intelligence ("AI") technologies focused on public safety, today announced its financial results for the fiscal year ended December 31, 2023, marking significant progress towards its goals of profitability and operational efficiency. Key 2023 Financial Highlights Substantial Revenue Increase Knightscope reported $12.8 million in revenue for 2023, which marks a 128% increase from the previous year. Net revenue from services increased by approximately $2 million to $7.2 million while net revenue from product sales increased by $5.2 million to $5.6 million in 2023. Driven primarily by full-year sales of Emergency Communication Devices ("ECDs") which were integrated into our product lines after the acquisition of CASE Emergency Management Systems, the year-over-year increase is a testament to the continued adoption of our pub Show less Read more
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