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Knightscope Inc Class A
(NASDAQ:KSCP)
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Rating:45Neutral
Price Target:
$0.51
▼(-63.26% Downside)
Action:Reiterated
Date:10/23/26
The score is held down primarily by weak financial quality (negative TTM gross profit, very large net losses, and significant cash burn) and poor technicals (price below all major moving averages with negative MACD and deeply oversold momentum). Offsetting these factors somewhat, the earnings call indicates improving gross margin and strong near-term execution milestones, but high operating spend and limited cash keep risk elevated.
Positive Factors
Revenue growth and client expansion
Rapid revenue growth alongside a broader client footprint indicates increasing adoption of Knightscope’s integrated security offering. A larger installed base can support recurring renewals, cross-selling of software and services, and more efficient expansion if execution remains consistent.
Negative Factors
Persistent negative unit economics
Negative gross margin indicates the core offering is not yet covering direct costs at the trailing-twelve-month level. Continued losses at this stage limit internally funded growth, make scaling less dependable, and require sustained margin improvement before revenue growth can translate into durable earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth and client expansion
Rapid revenue growth alongside a broader client footprint indicates increasing adoption of Knightscope’s integrated security offering. A larger installed base can support recurring renewals, cross-selling of software and services, and more efficient expansion if execution remains consistent.
Read all positive factors
Knightscope Inc Class A (KSCP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.05M
Dividend YieldN/A
Average Volume (3M)854.66K
Price to Earnings (P/E)―
Beta (1Y)1.29
Revenue Growth88.02%
EPS Growth63.33%
CountryUS
Employees90
SectorIndustrials
Sector Strength72
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)-3.43
Shares Outstanding23,328,262
10 Day Avg. Volume771,690
30 Day Avg. Volume854,656
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)11.30
Price to Sales (P/S)27.68
P/FCF Ratio-10.12
Enterprise Value/Market Cap3.14
Enterprise Value/Revenue1.82
Enterprise Value/Gross Profit-17.48
Enterprise Value/Ebitda-0.91
Forecast
1Y Price Target
$21.00Price Target Upside1421.74% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-2.66
Revenue Forecast (FY)$34.07M
Knightscope Inc Class A Business Overview & Revenue Model
Company Description
Knightscope, Inc., established in 2013 and based in Mountain View, California, is a U.S. company dedicated to the design, production, implementation, and support of advanced physical security technologies. Their strategy for deterring crime combin...
Knightscope Inc Class A Earnings Call Summary
Earnings Call Date:Aug 12, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 12, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational momentum with record revenue (+228% YoY), successful and accretive acquisition integration, product development progress (K7, H1 wearable, Signals platform), and improving gross margins. However, these positives are tempered by substantially higher operating expenses (+~156% YoY), a materially larger net loss (~$14.1M), elevated R&D spend, and a modest cash balance ($8.2M), which create execution and cash-burn risks. Management presented a clear roadmap for H2 including product launches and continued integration, but successful execution is critical to sustain the favorable trajectory.Positive Updates
Record Quarterly Revenue and Strong Year-over-Year Growth
Revenue of $9.0M in Q2 FY26, a 228% increase from $2.7M in Q2 FY25; second consecutive record quarter following Q1 FY26 revenue growth of 106% year-over-year.
Negative Updates
Widening Net Loss
Net loss increased to $14.1M (or $0.79 per share) in Q2 FY26 from $6.3M (or $0.90 per share) in Q2 FY25 — an increase in absolute net loss of approximately $7.8M (~124% increase year-over-year).
Read all updates
Q2-2026 Updates
Positive
Negative
Record Quarterly Revenue and Strong Year-over-Year Growth
Revenue of $9.0M in Q2 FY26, a 228% increase from $2.7M in Q2 FY25; second consecutive record quarter following Q1 FY26 revenue growth of 106% year-over-year.
Read all positive updates
Company Guidance
The company reiterated concrete near-term guidance and milestones: after reporting record Q2 revenue of $9.0M (up 228% YoY from $2.7M), serving 434 clients in 42 states with cash of $8.2M, management expects initial K7 deployments in Q4 2026, the official Autonomous Security Force launch at GSX (Sept 14–16, 2026), and the initial Signals orchestration-platform rollout in H2 2026; they highlighted margin expansion (Q2 gross margin $0.7M, ~7%, versus a prior-year gross loss of $0.9M), continued operating leverage despite Q2 OpEx of $13.8M (vs $5.4M prior) and R&D up ~$3.9M, an immediately accretive Security Force acquisition, product efficiencies (one assembly time cut ~80%), and a long‑term gross margin target in the ~50–60% range as machines, network and service efficiencies scale.Knightscope Inc Class A Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.71M | 11.34M | 10.80M | 12.80M | 5.63M | 3.41M |
| Gross Profit | -2.16M | -4.78M | -3.70M | -2.02M | -3.32M | -2.06M |
| EBITDA | -41.71M | -31.22M | -26.55M | -23.77M | -14.70M | -37.96M |
| Net Income | -45.00M | -33.81M | -31.73M | -22.12M | -25.64M | -43.84M |
Balance Sheet | ||||||
| Total Assets | 55.93M | 41.26M | 28.18M | 22.97M | 22.08M | 17.58M |
| Cash, Cash Equivalents and Short-Term Investments | 8.16M | 20.57M | 11.12M | 2.28M | 4.81M | 10.75M |
| Total Debt | 3.90M | 7.78M | 5.73M | 2.69M | 10.74M | 8.24M |
| Total Liabilities | 26.33M | 13.49M | 12.40M | 15.40M | 29.89M | 43.30M |
| Stockholders Equity | 29.59M | 27.77M | 15.78M | 7.57M | -7.80M | -25.71M |
Cash Flow | ||||||
| Free Cash Flow | -42.90M | -31.00M | -22.50M | -29.28M | -24.18M | -20.22M |
| Operating Cash Flow | -41.58M | -30.34M | -22.45M | -24.16M | -24.06M | -20.11M |
| Investing Cash Flow | -8.55M | -2.52M | -3.18M | -5.12M | -9.93M | -2.33M |
| Financing Cash Flow | 50.08M | 42.21M | 34.48M | 26.85M | 27.96M | 26.13M |
Knightscope Inc Class A Technical Analysis
Negative
1.38
Price Trends
0.98
Negative
1.37
Negative
2.47
Negative
Market Momentum
-0.14
Negative
21.52
Positive
10.48
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KSCP, the sentiment is Negative. The current price of 1.38 is above the 20-day moving average (MA) of 0.60, above the 50-day MA of 0.98, and below the 200-day MA of 2.47, indicating a bearish trend. The MACD of -0.14 indicates Negative momentum. The RSI at 21.52 is Positive, neither overbought nor oversold. The STOCH value of 10.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KSCP.
Knightscope Inc Class A Risk Analysis
Knightscope Inc Class A disclosed 41 risk factors in its most recent earnings report. Knightscope Inc Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Knightscope Inc Class A Peers Comparison
UnderperformOutperform
Sector (63)
KSCP
Knightscope Inc Class A
0.51
-4.56
-89.94%
SPCB
SuperCom
10.29
-0.71
-6.41%
IVDA
Iveda Solutions
0.23
-1.01
-81.21%
GFAI
Guardforce AI Co
0.19
-0.78
-80.43%
Knightscope Inc Class A Corporate Events
Business Operations and StrategyFinancial Disclosures
Knightscope Highlights Strong Contract Renewals and New Awards
Positive
Sep 22, 2026
Between May 20 and September 18, 2026, Knightscope reported approximately $27 million in estimated renewals, bookings and client awards, spanning 109 contracts and awards across seven vertical markets. The announcement followed the official launch...
Private Placements and FinancingRegulatory Filings and Compliance
Knightscope Expands ATM Equity Offering Capacity for Funding
Neutral
Sep 21, 2026
On September 21, 2026, Knightscope, Inc. filed a prospectus supplement to its existing shelf registration to increase the maximum number of Class A common shares available under its at-the-market offering agreement with H.C. Wainwright Co. This m...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Knightscope Expands Equity Plan Following Shareholder Approval
Neutral
Sep 4, 2026
At its annual meeting of stockholders held on September 2, 2026, Knightscope, Inc. secured shareholder approval for the second amendment to its 2022 Equity Incentive Plan, adding 10,000,000 shares of Class A Common Stock to the pool available for ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.