December 7, 2022 -- InvestorsHub NewsWire --
via NetworkNewsWire
Editorial Coverage: Seems there's always something smoking hot
or fiendishly clever on Wall Street that captures investor
attention. Meme stocks were recently the rage as social media
groups turned dogs into darlings by taking aim at short-positioned
hedge funds. Before that, CNBC coined FAANG as an abbreviation for
a group of must-have technology stocks. Point is, big money was
made in both arenas, and savvy investors fully understand that the
largest gains are usually found at the intersection of opportunity
and momentum — both of which are converging now at the center of
four extremely important technologies: robotics, artificial
intelligence, autonomous self-driving technology and electric
vehicles. There's little doubt these technologies are rapidly
changing the world and how we live. Uniquely combining these core
technologies, Knightscope, Inc. (NASDAQ:
KSCP) (Profile) is transforming the $500
billion security industry with its Autonomous Security Robots
("ASRs") that provide 24/7/365 security anywhere we live, work,
visit, study or play. The company continues to add big-name clients
and is building real momentum in a sector desperately seeking
solutions, unlike meme stocks such as AMC
Entertainment Holdings Inc. (NYSE:
AMC), which had their day. Other high flyers such as
retail juggernaut Amazon.com Inc. (NASDAQ:
AMZN), online trading platform Robinhood Markets Inc.
(NASDAQ:
HOOD) and EV maker Tesla Inc. (NASDAQ:
TSLA) have lost some momentum but still have
strong followings and opportunity ahead.
- Knightscope Autonomous Security Robots
are approaching 2 million hours of operation
- Statista estimates that ~2.7 million
industrial robots were operating in 2020 as part of a $55 billion
market expected to grow to $165 billion in the next six years
- Knightscope recently completed the
acquisition of CASE Emergency Systems, which is expected to spike
2022 corporate revenue
- In just the last month, Knightscope
received a bevy of new orders from existing and new customers for
its robots and CASE Emergency products
Click here to view the custom infographic of
the Knightscope, Inc. editorial.
The Rise of the Robot Market
According to Statista, the global market for industrial robots in
2020 was estimated at around $55 billion and is projected to
explode to more than $165 billion in 2028. There were approximately
2.7 million industrial robots in operation in 2020, and as robots
continue to rise on the back of soaring installations and
shipments, they will becoming increasingly important of efforts to
make life safer and easier.
In a bit of a dystopian twist, robots will be protecting other
robots. The market for security robots, which are used in multiple
applications as a complement to human counterparts is building
momentum. ResearchandMarkets estimates that the global
security robot market will expand at an impressive 14.1% compound
annual growth rate ("CAGR"), more than doubling from 2021's $8.7
billion to hit $19.3 billion in 2027.
Every day, the TV screams about the growing frequency of
criminal activity across the country. The increase in thefts,
assaults, vandalism and worse, all against a backdrop of
the fewest
number of police in the United States since 2016. This has
created even greater demand for the deployment of smart, autonomous
sentry robots armed with HD cameras, recording and streaming, and
reporting capabilities. It has been shown that the mere presence of
robotic police can deter crime before it happens, interrupt should
it begin, and provide invaluable evidence for the capture and
prosecution of offenders. What's more, these cost-efficient robotic
officers are incorruptible and relentless in their duty while only
needing minimal amounts of time to recharge.
From its headquarters in Silicon Valley, Knightscope, Inc. is recognized
as a global leader in the design and build of ASRs that provide
24/7/365 security anywhere people live, work, visit, study and play
in America. The robust capacity of its ASRs position Knightscope at
the intersection of multiple important technologies today:
autonomous driving, robotic, electric vehicles ("EVs"), and
artificial intelligence ("AI"). The company incorporates all of
these technologies across its portfolio of robots to provide its
customers with extra eyes, ears and voices on the ground.
Additionally, Knightscope offers Knightscope+, a professional
monitoring service that employs former law enforcement and military
personnel to receive alerts and respond accordingly to the
customer's security post orders.
Revenue Expected to Surge Threefold
In a recently published
video, Knightscope CEO William Santana Li details the direction
of the company and how it is "building a moat" to hold on to market
share as the premier security robot company in the country. Before
that, Li jumps right into the meat and potatoes of any business:
the company's numbers, which are getting a significant boost
following the October acquisition of CASE Emergency Systems.
In the video, Li commented, "We'll be filing the 8-K for the
combined entity at the end of the year, but we expect that the two
units together will likely be running at a revenue run rate in the
range of $12 million to $14 million, delivering on the accelerated
growth versus the $3.4 million from 2021 by significant amount.
"The size of our contracts continues to increase as we have
announced numerous multi-unit deals such as the doubling of the
contract with PG&E along with the growth of three major
healthcare networks and universities," he continued. "Plus, we
recently signed the largest K5 order in the company's history from
a major retailer. We are gaining clients that can scale as we make
more and more progress in multiple verticals."
Knightscope's ASR product lineup includes numerous different
models, each with unique capabilities. Five of the models are
stationary, and three are mobile and equipped for different
environments (inside, outdoors and a rough terrain model currently
being developed). The utility of these ASRs is exemplified in the
diverse list of clients, including the federal government, public
institutions, commercial businesses (a list comprised of many
Fortune 1000 companies), hospitals, school campuses, entertainment
venues, logistics, storage facilities, manufacturing plants and
more.
Moreover, the ASRs are customizable to each client's
requirements, whether public safety or crime detection and
prevention. A sampling of some of the capabilities includes fire
detection, license plate recognition and two-way communication
features. Knightscope robots have logged more than 1.8 million
hours of operation during which their real-world value has
repeatedly been demonstrated. Searching for options to combat crime
in Huntington Park, Los Angeles County deployed one Knightscope K5
unit, which resulted in 46% fewer crimes reported and a 27% rise in
arrests in just one year. Huntington Park Council, unsurprisingly,
unanimously voted to extend the contract with Knightscope.
That is just one example from a long list.
Knightscope robots have been instrumental in closing cases
involving burglary, domestic violence, hit-and-run, auto theft,
fraud, shootings and more. In its bid to make America the safest
country in the world, Knightscope also developed a free mobile app
that allows people to take and upload videos of areas that they
think would benefit from a Knightscope surveillance and patrol.
Buying Revenue, Expanding the Portfolio
As explained, Knightscope gave its revenue a substantial
increase with the recent acquisition of CASE Emergency Systems, a
leader in blue-light emergency phones and an innovator in
next-generation wireless emergency communications technology.
Emergency blue-light phones are modern-day versions of police call
boxes that were popularized in the late 1800s. The units use solar
power and satellite communication tech to facilitate reliable
communications to improve safety. They can be found in use across
the nation's freeways, bridges, tunnels, parking lots, campuses and
industrial complexes, remote roadways, parks and recreational areas
and much more.
Equally important are the go-forward synergies by bringing CASE
clients into the Knightscope ecosystem, effectively widening the
company's nationwide footprint, while providing upsell
opportunities. With the merger, Knightscope also added CASE's
multistate team, more than 7,000 devices deployed nationwide, and
nine production and logistics facilities located across California,
Texas and New York.
Orders, Activations Pouring In
Knightscope management is not shy about stating its goal to
establish the U.S. as the world's gold standard for public safety
by deploying machines-in-network supporting law officers and
security forces from coast to coast. Judging by the flurry of news
releases in November, the company is hitting on all cylinders as it
executes on that mission.
News during the month included activating more
ASRs at a casino and gaming facility in Iowa for an existing
client, a new contract with a Fortune 1000 hospitality firm in
Seattle, a first installation order from a new Fortune 500 consumer
foods manufacturer customer with the opportunity for 30 more
locations, and a new contract with a multifamily housing developer
with 25 properties in south Texas.
Additionally, the company signed a new
contract at a New Jersey university for 31 of its K1 Blue
Light Towers and 10 of its K1 Blue Light E-Phones. In Florida, a
college placed an order for 22 K1 Blue Light Towers. Other new
activations include 25 more
ASRs and 16 K1 Blue Light Towers, along
with five more
orders for ASRs across multiple verticals and states.
Investors Love Momentum
This year has been tough sledding for tech companies that were
the epitome of interest in recent years for multiple reasons. The
stock market tends to be predictably cyclical, so a rebound in 2023
certainly would not be out of the question. Demand for innovation
and new technologies is far too strong to keep good companies down.
Before it came public, Knightscope attracted a passionate investor
base of 35,000 investors that contributed more than $120 million to
fund development. With that sort of following, Knightscope now
finds itself at the intersection of momentum and opportunity, along
with other companies working to establish footholds in the same
sweet space.
Tesla
Inc. (NASDAQ:
TSLA) is the household name in electrification of
vehicles as well as autonomous driving. The company develops and
deploys autonomy at scale in vehicles, robots and more. While best
known for its EVs and massive battery-building gigafactories, Tesla
is invested in robots too, unveiling its Optimus humanoid robot at its AI
Day 2022 in September. The humanoid robot is designed to perform
general robotic tasks for humans.
Amazon.com
Inc. (NASDAQ:
AMZN) is investing in robotics, autonomy and
security. The one-time book company spent more
than $1 billion
to acquire robotaxi company Zoox in 2020. In June, Zoox
met a milestone when its vehicle operated, in the words
of Jesse
Levinson, Zoox cofounder and CTO, "with no one inside, no chase
vehicle, and no emergency stop, all on open, private roads with
non-Zoox agents, including pedestrians, cyclists, cars and
trucks."
Robinhood Markets Inc.
(NASDAQ:
HOOD) built its brand as a leader that set the
retail investing world on its head by democratizing the practice
with a mobile application. The Menlo Park, California-based company
is an ideal example of a company riding momentum. Robinhood offers
equity, cryptocurrency and options trading plus cash-management
accounts. The company
believes the financial system should be built to work for
everyone, so it focuses on creating products that let individuals
start investing at their own pace, on their own terms.
AMC
Entertainment Holdings Inc. (NYSE:
AMC) was arguably one of the most popular stocks
of 2021 during the so-called meme craze, where it was not uncommon
to see billions shares of its common stock (AMC)
trade in a single day. That momentum creates social awareness and
presence. The company has 950 theaters and more than 10,500 screens
across the country, operating 22 of the 50 highest grossing
theatres in the country, including four of the top five.
Whether owing to market dominion, cutting-edge technology or a
strong social media presence, investors looking for returns rally
around certain companies with momentum. When a company can
amalgamate that momentum with results, watch out — it can be an
interesting ride.
For more information about Knightscope, Inc., please
visit Knightscope,
Inc.
About NetworkNewsWire
NetworkNewsWire ("NNW") is a financial news and
content distribution company, one of 50+ brands within
the InvestorBrandNetwork ("IBN"), that
provides: (1) access to a network of wire
solutions via InvestorWire to reach all target markets,
industries and demographics in the most effective manner
possible; (2) article and editorial
syndication to 5,000+ news outlets; (3)
enhanced press release solutions to ensure maximum
impact; (4) social media distribution via IBN
millions of social media followers; and (5) a
full array of corporate communications solutions. As a multifaceted
organization with an extensive team of contributing journalists and
writers, NNW is uniquely positioned to best serve private and
public companies that desire to reach a wide audience comprising
investors, consumers, journalists and the general public. By
cutting through the overload of information in today's market, NNW
brings its clients unparalleled visibility, recognition and brand
awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text
"STOCKS" to 77948 (U.S. Mobile Phones Only)
For more information, please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the
NetworkNewsWire website applicable to all content provided by NNW,
wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork
DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article
and content set forth above. References to any issuer other than
the profiled issuer are intended solely to identify industry
participants and do not constitute an endorsement of any issuer and
do not constitute a comparison to the profiled issuer. The
commentary, views and opinions expressed in this release by NNW are
solely those of NNW. Readers of this Article and content agree that
they cannot and will not seek to hold liable NNW for any investment
decisions by their readers or subscribers. NNW is a news
dissemination and financial marketing solutions provider and are
NOT registered broker-dealers/analysts/investment advisers, hold no
investment licenses and may NOT sell, offer to sell or offer to buy
any security.
The Article and content related to the profiled company
represent the personal and subjective views of the Author, and are
subject to change at any time without notice. The information
provided in the Article and the content has been obtained from
sources which the Author believes to be reliable. However, the
Author has not independently verified or otherwise investigated all
such information. None of the Author, NNW, or any of their
respective affiliates, guarantee the accuracy or completeness of
any such information. This Article and content are not, and should
not be regarded as investment advice or as a recommendation
regarding any particular security or course of action; readers are
strongly urged to speak with their own investment advisor and
review all of the profiled issuer's filings made with the
Securities and Exchange Commission before making any investment
decisions and should understand the risks associated with an
investment in the profiled issuer's securities, including, but not
limited to, the complete loss of your investment.
NNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may", "future", "plan" or "planned", "will" or "should",
"expected," "anticipates", "draft", "eventually" or "projected".
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company's annual report on Form 10-K or 10-KSB and
other filings made by such company with the Securities and Exchange
Commission. You should consider these factors in evaluating the
forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements in this
release are made as of the date hereof and NNW undertakes no
obligation to update such statements.
SOURCE: NetworkNewsWire
Editorial Coverage
Amazon.com (NASDAQ:AMZN)
Historical Stock Chart
From Apr 2024 to May 2024
Amazon.com (NASDAQ:AMZN)
Historical Stock Chart
From May 2023 to May 2024