Business
Knightscope Reports FY 2024 Results
MOUNTAIN VIEW, Calif., March 31, 2025--Knightscope, Inc. (NASDAQ: KSCP), a leading developer of autonomous security robots and AI-powered technologies, today announced financial results for the fiscal year ended December 31, 2024. The Company also outlined operational milestones that strengthen its position for long-term, scalable growth across both commercial and federal sectors.
About this update from Knightscope, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1440,"height":270,"url":"https://media.zenfs.com/en/business-wire.com/21f2513e9bfcb7ae8d6f1c3ae7e5add0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/vGy8256s4d8WIjdy6GGJzQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTE4MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/21f2513e9bfcb7ae8d6f1c3ae7e5add0","width":960,"height":180},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/wm44jODGH5Y.DjFTHejzaw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD00NTA7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/21f2513e9bfcb7ae8d6f1c3ae7e5add0","width":1200,"height":225}},"lazy":false},{"type":"text","content":"Transformation Year Drives Key Milestones, Federal Wins, and Strengthened Financial Position","length":92,"tagName":"p","attribs":{}},{"type":"text","content":"MOUNTAIN VIEW, Calif., March 31, 2025--(BUSINESS WIRE)--Knightscope, Inc. (NASDAQ: KSCP), a leading developer of autonomous security robots and AI-powered technologies, today announced financial results for the fiscal year ended December 31, 2024. The Company also outlined operational milestones that strengthen its position for long-term, scalable growth across both commercial and federal sectors.","length":400,"tagName":"p"},{"type":"text","content":"Fiscal Year 2024 Financial Highlights","length":37,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue: $10.8 million vs. $12.8 million in 2023, impacted by ECD product line restructuring and facility consolidation.","length":120,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Service Revenue: Up 4% YoY to $7.5 million, driven by improved ASR uptime and expanded ECD maintenance contracts.","length":113,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Gross Loss: Increased to $(3.7) million from $(2.0) million, primarily due to third-party service costs and inventory write-downs.","length":130,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Operating Loss: $(29.7) million vs. $(26.3) million in 2023, reflecting deliberate investments in R&D, compliance, and elimination of executive positions.","length":158,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net Loss: $(31.7) million or $(10.97) per share v...