Knightscope FY2023 revenue up 128% to $12.8M; net loss narrows to $22.1M

Knightscope, Inc.

2024-Q1 EPS reported -$0.08 revenue$2,254,000

Revenue $12.8M, up 128% YoY; product sales $5.6M, services $7.2M.
Gross margin improved to -16% from -59%; gross loss -$2.0M.
Net loss $22.1M ($0.34 loss per share), vs $25.6M ($0.72) in 2022.
2024 plan: reduce payroll 30%, consolidate to 1 manufacturing and 1 total facility.
Machines-in-Network nearing 10,000; operating expenses fell 15% YoY to $24.3M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Knightscope, Inc. reported fiscal year ended December 31, 2023 results: revenue $12.8 million, net income $22.1 million, EPS $0.34 loss per share.

Period: fiscal year ended December 31, 2023
Revenue: $12.8 million
Net income: $22.1 million
EPS: $0.34 loss per share
Result: reported results

Exact text from the filing

2023, marking significant progress towards its goals of profitability and operational efficiency. Key 2023 Financial Highlights Substantial Revenue Increase Knightscope reported $12.8 million in revenue for 2023, which marks a 128% increase from the previous year. Net revenue from services increased by approximately $2 million to $7.2 million while net revenue from

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Source: SEC EDGAR

accession 0001104659-24-042212

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