Knightscope, Inc. (KSCP): history, ownership, mission, how it works & makes money

A Brief History of Knightscope, Inc. (KSCP)

Founding and Early Development

Knightscope, Inc. was founded in 2013, aiming to develop autonomous security robots to enhance public safety and security. The company is headquartered in Mountain View, California, and has been a pioneer in integrating robotics with security technology.

Product Lineup

The company's flagship products include:

• Knightscope K1: A stationary security device designed for surveillance.
• Knightscope K5: An autonomous robot designed for patrolling areas and gathering data.
• Knightscope K3: A smaller, more agile robot intended for indoor use.

As of 2023, Knightscope has deployed over 70 robots across various commercial and public sectors.

Financial Data

Public Offering and Stock Performance

Knightscope went public on the NASDAQ under the ticker symbol KSCP on December 1, 2021. The initial offering price was $9.00 per share. As of October 2023, the stock price is approximately $3.50 per share, reflecting a significant decrease since its IPO.

Strategic Partnerships and Contracts

Knightscope has established numerous partnerships, including:

• Collaboration with Stanford University for research and development.
• Contracts with various municipalities and private companies for robot deployment.
• Agreements with security firms to integrate robots into their service offerings.

As of 2023, Knightscope has reported contracts totaling over $15 million in value for security services.

Future Outlook

The company is focused on expanding its product line and enhancing its robotic capabilities. Knightscope plans to invest heavily in R&D, forecasting a budget of $5 million for 2024 to develop next-generation robots.

Knightscope aims to increase its revenue to $20 million by 2025, driven by market expansion and technological advancements.

A Who Owns Knightscope, Inc. (KSCP)

Corporate Ownership Structure

Knightscope, Inc. (KSCP), headquartered in Mountain View, California, has a diverse ownership structure. As of the latest available records, the significant stakeholders are as follows:

Major Institutional Investors

Knightscope has attracted various institutional investors, contributing significantly to its capital structure. Major institutional entities include:

Founders and Key Executives

The founding team and key executives play a major role in the company’s strategic direction. Information about the founders includes:

• William Santana Li - Co-founder and Executive Chairman
• Jasper A. P. Hsu - Co-founder and Chief Technology Officer
• Rebecca Lee - Chief Operating Officer

Recent Financial Performance

Knightscope, Inc. has shown consistent growth over the past fiscal year. The company's financial highlights are:

Shareholder Transactions

Investors and stakeholders have engaged in various transactions in recent months:

• March 2023: $2.5 million raised through a private placement.
• June 2023: Share buyback program announced for up to $1 million.
• August 2023: Secondary offering of 500,000 shares at $5.00 per share.

Stock Performance

The stock performance of Knightscope, Inc. (KSCP) has demonstrated volatility. Key metrics include:

Future Outlook and Strategic Movements

Knightscope aims to enhance its market position through innovation and strategic partnerships. Key planned initiatives include:

• Development of new models for autonomous robots by Q4 2024.
• Expansion into international markets by 2025.
• Increased focus on software integration for enhanced operational efficiency.

Knightscope, Inc. (KSCP) Mission Statement

Overview of Knightscope's Vision

Knightscope, Inc. aims to enhance public safety through innovative robotics and artificial intelligence technologies. Their mission is encapsulated in a commitment to building autonomous security solutions that help prevent crime and improve community well-being.

Core Objectives

• Prevention of Crime: Utilizing advanced robotics to deter criminal activities.
• Enhancing Public Safety: Providing real-time data to law enforcement and enhancing situational awareness.
• Community Engagement: Building trust and cooperation with local communities.

Current Financial Performance

Technological Innovations

Knightscope develops a variety of autonomous robots, including:

• Knightscope K1 – Indoor security robot.
• Knightscope K3 – Outdoor security robot.
• Knightscope K5 – Multi-terrain outdoor security robot.

Investment and Funding

As of October 2023, Knightscope has raised over $50 million through various funding rounds and public offerings since its inception.

Market Reach and Deployment

Knightscope's robots are currently deployed in various sectors including:

• Educational Institutions
• Healthcare Facilities
• Corporate Campuses
• Public Spaces

Future Goals

Customer Feedback and Community Impact

Knightscope has garnered numerous customer testimonials praising their robots for:

• Effective Crime Deterrence: Users report reduced incidents of vandalism.
• Cost Efficiency: Significant savings on security personnel costs.
• Data Insights: Enhanced reporting capabilities leading to better security strategies.

How Knightscope, Inc. (KSCP) Works

Company Overview

Knightscope, Inc. is a security technology company that focuses on developing and deploying autonomous security robots designed to enhance safety and security in various environments. The company was founded in 2013 and has headquartered in Mountain View, California. Its primary offerings include different models of security robots that are integrated with artificial intelligence (AI) and machine learning capabilities.

Robotic Models

Knightscope designs several models of robots, each with specific functionalities. Below is a table that summarizes the models available as of October 2023:

Technology and Innovation

Knightscope employs advanced technologies, such as:

• Artificial Intelligence
• Machine Learning
• Computer Vision
• Big Data Analytics

The robots are equipped with sensors and cameras that capture data, which is processed using their proprietary software to provide actionable insights and enhance security protocols.

Market Presence

As of October 2023, Knightscope has deployed its robots in multiple sectors, including:

• Retail
• Government facilities
• Corporate campuses
• Healthcare

The robots are operational in over 40 states across the United States, with significant deployments in California and Texas.

Financial Performance

The financial performance of Knightscope, Inc. can be summarized in the following table:

Funding and Investments

Knightscope, Inc. has raised significant capital to fund its operations and growth, with the following highlights:

• Total funding as of October 2023: $83 million
• Recent investment round (2023): $20 million
• Stock price as of October 2023: $2.25 per share

Future Outlook

The company aims to expand its market presence and increase the number of robots deployed. The projected growth for Knightscope includes:

• Expanding into new verticals, such as transportation and education
• Increasing revenue by 85% year-over-year through 2025
• Enhancing AI capabilities for improved efficiency in security operations

How Knightscope, Inc. (KSCP) Makes Money

Revenue Streams

Knightscope, Inc. operates through multiple revenue streams, mainly centered around its Autonomous Security Robots (ASRs), subscription services, and hardware sales.

Autonomous Security Robots (ASRs)

The company designs and sells ASRs that are deployed in various environments. As of the latest reports, the unit price of these robots ranges from $62,000 to $125,000 depending on the model and customization. The annual maintenance fee is approximately $8,000 to $12,000, providing a recurring revenue stream.

Subscription Services

Knightscope also offers subscription services for its software, which includes data analytics, security monitoring, and reporting capabilities. The subscription fees are typically between $3,000 and $6,000 per month.

Partnerships and Contracts

The company establishes partnerships with organizations for extended contracts which can last several years. Contracts can range from $100,000 to $1 million based on the scope and scale of deployment. In a recent contract with a major shopping mall, Knightscope secured a deal valued at $200,000 for a two-year period.

Revenue Performance

For the fiscal year 2022, Knightscope reported revenues of $2.1 million, a significant increase from $1.5 million in fiscal year 2021. The year-on-year growth rate was approximately 40%.

Future Projections

Knightscope projects its revenues to grow based on increasing demand for ASRs in various sectors including retail, education, and transportation. The growth forecast for the next five years estimates a compound annual growth rate (CAGR) of 30%.

Market Expansion

Knightscope aims to expand its presence in the U.S. and internationally. As of 2023, the company has deployed robots in over 20 states and aims to enter the European market in the next fiscal year. The projected cost for entering the European market is estimated at $500,000.

Research and Development (R&D)

Investment in R&D is critical for Knightscope, which allocates approximately 20% of its annual revenue towards enhancing robot technology. In fiscal year 2022, this amount was approximately $420,000.

Conclusion

Knightscope's multifaceted approach to revenue generation through product sales, subscription services, partnerships, and continual innovation positions it for sustained growth in an evolving security landscape.