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Sunday, July 3, 2022

Knightscope Inc (KSCP) stock soaring in the pre-market following Equity Facility.

Knightscope Inc (KSCP) stock rallied 10.89% to $5.05 during the last traded session and further soared 5.36% in the pre-market session to $5.31 after Knightscope declared that it went into a $100 million stock buy contract. Also, KSCP declared the Robot Roadshow program. The company also filed form 10-K with the SEC on 31 March 2022. The yearly report can also be a factor in affecting the stock price.


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Knightscope, Inc. is a surveillance camera and advanced mechanics organization. Knightscope plans to assemble and sends robots called Autonomous Data Robots for use in observing individuals in shopping centers, parking garages, neighborhoods, and other public places. With a market cap of $119.55 million, KSCP has its headquarters in Mountain View, California, USA.

KSCP News

On 4 April 2022, KSCP declared the $100 million stock buy contract with B Riley Principal Capital. The equity contract furnishes Knightscope with the option to sell and issue up to $100 million of its Class A Normal Stock over a time of two years to B. Riley. The CEO of KSCP, Willian Santana Li, commented that one reason to freely list Knightscope was to get to the more extensive capital business sectors and fuel the development of their main goal to make the USA the most secure country. He further added that This contract gives them the capacity to proceed with their development.

On 31 March 2022, KSCP declared the timetable for Robot Roadshow. Robot Roadshow is an experiential occasion used to get consideration quickly, develop direct associations with expected clients, and initiate discussions in a convincing style. The Robot Roadshow will start its spring arrangement on 12 April 2022 in the Midwest.

Moreover, the firm also filed form 10-K with the SEC. The financials according to the yearly report are

  • Total sales of $3.4 million in the fiscal year 2021.
  • KSCP had no gross profit in FY2021 but the gross loss for the company was posted to be $2.05 million.
  • Further, the total loss of the firm was $43.8 million in FY2021.
  • Also, the firm had a loss of $4.18 per stock in FY2021.

Conclusion

Knightscope Inc is a key player in the security robot business and points toward making the USA the most secure country. The organization’s future standpoint appears to be encouraging and is continually adding advancement to the business. The stock of KSCP is soaring in the pre-market. The main catalyst for the stock price is the contract with B Riley Capital, but some other external factors like the security concerns of the USA and the ongoing Russian-Ukraine conflict are also driving the stock price.

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