Knightscope (NASDAQ: KSCP), an innovator in robotics and artificial intelligence (“AI”) technologies focused on public safety, is more than halfway through a “hot-swap” program that involves upgrading its clients to the fifth generation of K5 Autonomous Security Robots (“ASRs”). This hot-swap initiative is one of the steps on the road to profitability that the company unveiled during its first annual Innovation Week.
Machine hot swaps began earlier this year, the company reported, after Knightscope released its fully redesigned K5 ASR. “This all-new security robot is faster to build, improves quality and is easier to service,” states the company in the press release. “When paired with Knightscope’s recently announced Risk & Threat Exposure (‘RTX’) enhancement to its Machine-as-a-Service business model, the company is able to elevate the delivery of public safety tools to its clients. As a result, on-site performance and reliability are strengthened, which raises client value and satisfaction.”
In addition, Ascendiant Capital Markets, an investment banking and equity research firm focusing on high-growth sectors, has released its latest report on Knightscope, maintaining a Buy rating for the company with a $3.75 per share price target. “We believe strong growth over the next year and AI assets to drive stock much higher,” stated the report. “[Knightscope’s] reorg should drive better efficiencies and profitability. . . . We are maintaining our BUY rating but lowering our 12-month price target to $3.75 from $4.25, based on a NPV analysis, representing significant upside from the current share price. We believe this valuation appropriately balances out the company’s high risks with its high-growth prospects and large upside opportunities.”
To view the full press release, visit https://ibn.fm/zU1Zx
About Knightscope, Inc.
Knightscope builds cutting-edge technologies to improve public safety. The company’s long-term ambition is to make the United States of America the safest country in the world. For more information about the company, please visit www.Knightscope.com.
NOTE TO INVESTORS: The latest news and updates relating to KSCP are available in the company’s newsroom at https://ibn.fm/KSCP
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