Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots and blue light emergency communication systems, today released the transcript and video of its First Quarter Town Hall Update that occurred at 1 p.m. PT on May 15, 2023. In the update, the company’s CEO William Santana Li reviewed financial highlights from Knightscope’s recently filed quarterly report on Form 10-Q for the first quarter 2023, as well as shared current events that may be of interest to stockholders and potential investors.
“First, I am pleased to report that for the 1st quarter of 2023, we recorded approximately $2.9M in revenue over the first three months of the year, which is an over 300% improvement over the 1st quarter of 2022. This included a year-over-year increase in service revenue of approximately 85%. Service revenue includes our ASR Machine-as-a-Service revenue as well as maintenance and support revenue related to the blue light towers and call boxes, which was the primary driver of the significant increase as compared to the first quarter of 2022,” Li stated in the update. “We plan to continue growing the company, and we believe our sales pipeline is strong, and increasing sales will allow us to grow, drive economies of scale, and better leverage our fixed cost base.”
To watch the recorded portion of the Town Hall, visit www.knightscope.com/rise, scroll to the Rise of the Robots section and select Episode 6.
To view the full press release, visit https://ibn.fm/HoU5L
About Knightscope, Inc.
Knightscope is an advanced public safety technology company that builds fully autonomous security robots and blue light emergency communications systems that help protect the places people live, work, study and visit. Knightscope’s long-term ambition is to make the United States of America the safest country in the world. For more information, visit the company’s website at www.knightscope.com.
NOTE TO INVESTORS: The latest news and updates relating to Knightscope are available in the company’s newsroom at https://ibn.fm/KSCP
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