Knightscope Q1 revenue more than doubles as acquisition boosts growth

Knightscope, Inc. Class A

Knightscope, Inc. Class A

KSCP

0.00


Overview

  • US managed security firm's Q1 revenue rose 106% yr/yr to $6 mln

  • Gross margin turned positive after prior year loss

  • Company completed $18 mln acquisition of Event Risk, adding licensed security agent operations


Outlook

  • Company expects integrated business to be free cash flow generative over time


Result Drivers

  • EVENT RISK ACQUISITION - Addition of licensed security agent operations from Event Risk drove service revenue growth

  • PRODUCT DELIVERIES - Fulfillment of Emergency Communication Device orders previously impacted by supply chain constraints lifted product revenue

  • GROSS MARGIN IMPROVEMENT - Gross margin turned positive, reflecting increased scale and improved revenue mix


Company press release: ID:nBw23pR3ta


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

$6 mln

$3.65 mln (2 Analysts)

Q1 Net Loss

$10.30 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the communications & networking peer group is "buy"

  • Wall Street's median 12-month price target for Knightscope Inc is $17.00, about 478.2% above its May 14 closing price of $2.94


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.