Knightscope 2023 Estimated Revenues Increase 128% to $12.8 Million

Technology Innovator Unveils Future Concepts for K1 Super Tower, K10 Patrol and K15 Tactical

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading innovator in robotics and artificial intelligence (“AI”) technologies focused on public safety, announced on March 14, 2024 that, based on management’s estimates, its unaudited revenues for the year ended December 31, 2023 were $12.8 million, as projected in the all new investor presentation detailing the future plans for the Company (download presentation here).

The foregoing revenue information is based on preliminary unaudited information and management estimates for the year ended December 31, 2023, is not a comprehensive statement of the Company’s financial results as of and for the fiscal year ended December 31, 2023, and is subject to completion of the Company’s financial closing procedures. The Company’s independent registered public accounting firm has not conducted an audit or review of, and does not express an opinion or any other form of assurance with respect to, this preliminary estimate.

INNOVATION WEEK CONCLUDES TODAY

Day 5 of Knightscope’s Innovation Week brings the weeklong event to a close today in a virtual Town Hall meeting with CEO, William Santana Li, where attendees are encouraged to “Ask Me Anything.” Day 4 concluded yesterday with an unveiling of Knightscope’s future concepts for a suite of potential products that would further drive the Company toward its mission to make the United States the safest country in the world - the K1 Super Tower, K10 Patrol, K15 Tactical and the AI-driven Mission Control.

REGISTRATION AND REPLAY

Registration for today’s Town Hall is required at www.knightscope.com/innovationweek. The final event begins at 10am PDT and will be simulcast on Knightscope’s social media pages – Facebook, YouTube, and LinkedIn. All recordings from the week are available for replay on the Company’s Innovation Week web page.

About Knightscope

Knightscope builds cutting-edge technologies to improve public safety, and our long-term ambition is to make the United States of America the safest country in the world. Learn more about us and book a discovery call or demonstration today at www.knightscope.com/discover

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 include statements regarding the Company’s preliminary unaudited revenue for the year ended December 31, 2023. 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, 2022, 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.