Knightscope, Inc. (NASDAQ: KSCP), a leading developer of advanced physical security technology, today reported financial results for the third quarter ended September 30, 2025. A Knightscope Briefing has been scheduled for 11am PT today and you can register for the earnings call here.

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Third Quarter 2025 Highlights

Revenue of $3.1 million, compared to $2.5 million in Q3 2024, driven primarily by a $0.6 million increase in product revenue, reflecting strong execution as the Company accelerated deliveries delayed in the second quarter due to material shortages.

Gross loss of $1.6 million, compared to a gross loss of $0.5 million in the prior-year quarter, reflecting a non-cash inventory write-off of approximately $0.6 million as the Company conducted a comprehensive review of inventory, manufacturing processes, and legacy systems during its transition to its new Sunnyvale headquarters and manufacturing facility.

Operating expenses increased 10% year-over-year to $7.9 million, driven by increase in research and development expenses as the Company continues to make strategic investments in new product development, including next generation autonomous systems, to support continued growth.

Net loss of $9.5 million, or $(0.98) per share, compared to a net loss of $10.9 million, or $(3.58) per share, in Q3 2024.

Cash and cash equivalents of $20.4 million as of September 30, 2025, a $15.2 million improvement from the prior year, supported by disciplined cost controls and equity investments.

Business Updates

New Headquarters – in August 2025, Knightscope completed its move to the new Knightscope Headquarters (KHQ) in Sunnyvale, California, more than doubling its footprint at lower-than-market rates.

Product Innovation – the Company continued development of its next-generation K7 platform, autonomy, AI-powered analytics, and advanced ECD solutions.

Operational Efficiency Initiatives – fully staffed second production shift, reducing overtime costs and improving capacity utilization; accelerated backlog conversion efforts.

Strengthened Liquidity – Year-to-date, Knightscope has raised approximately $32.7 million through its at-the-market offering and direct registration transactions.

Management Commentary

“Knightscope delivered solid top-line growth in the third quarter as we successfully fulfilled orders delayed from the prior quarter,” said William Santana Li, Chairman and CEO of Knightscope. “Our transition into our new headquarters has significantly strengthened our production capabilities and positioned us for greater operational efficiency as we prepare for our next phase of scaling.”

Apoorv Dwivedi, EVP and CFO, added, “Disciplined cost management and a strengthened balance sheet remain key priorities. With more than $20 million in cash on hand following our recent capital raises, we believe we have the financial flexibility to advance our strategic growth initiatives and continue investing in innovation while prudently managing expenses.”

Near Term Outlook

Knightscope continues to see strong interest across its autonomous security and emergency communication product lines and expects to maintain revenue momentum in the fourth quarter as production efficiency improves. While the Company expects supply chain conditions to remain uneven, management believes its proactive procurement strategy and inventory controls will support continued delivery execution in the near term.

About Knightscope

Knightscope is transforming public safety with cutting-edge robotics and AI technologies. From autonomous security robots to advanced detection systems, Knightscope is committed to building safer communities where you live, work, study and visit. Our long-term ambition is bold but simple: to make the United States of America the safest country in the world. Learn more about us at www.knightscope.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified by the use of words such as "should," "may," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," "proposes" and similar expressions. Forward-looking statements contained in this press release and other communications include, but are not limited to, statements about the Company’s goals, profitability, growth, prospects, reduction of expenses, and outlook. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks, uncertainties and other important factors that could cause actual results to differ materially from such forward-looking statements, including the factors discussed under the heading "Risk Factors" in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2024, as updated by its other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of the document in which they are contained, and Knightscope does not undertake any duty to update any forward-looking statements, except as may be required by law.

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