Knightscope Sells Just 1 Net New Robot In 6 Months

By: John Honovich, Published on Oct 04, 2019

For the first half of 2019, US government records show that Knightscope has sold just 1 net new robots ('machines-in-network'), inching up from 52 to 53 total.

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Inside this note, we examine the financials, the challenges Knightscope faces and Knightscope CEO's admonishment to 'All the haters'.

*** *** ***** **** of ****, ** ********** records **** **** *********** has **** **** * net *** ****** ('********-**-*******'), inching ** **** ** to ** *****.

free image

****** **** ****, ** examine *** **********, *** challenges *********** ***** *** Knightscope ***'* ************ ** 'All *** ******'.

[***************]

**************'* **** *-** / H1 ******* **** ******* / source.

Poor ***** ******

**** *** **** ****, Knightscope *** ***** ********* and, ** *** **** 6 ******, **** * more ***** ** *******:

Knightscope Sales Growth (Or Lack Thereof)

**** *** ********* ** their ****-************ *-** ********* ********* ** ******, *** ********:

** ** ******** **, 2018, ** *** ** customers *** ** ********-**-*******. This ******** ** ** customers *** ** ********-**-******* at ******** **, ****.

** ** **** **, 2019, ** *** ** customers *** ** ********-**-*******. This ******** ** ** customers *** ** ********-**-******* as ** **** **, 2018.

Far *** **** ***********

** *** *** ** 2016, *********** *** ****** to **** *,***+ ****** in ******* ** **** yet ******* ******* *** year, **** *** **** at **:

Loss $**,***,*** ** ** ******

******* *** **** ******, the *******'* **** **** operations **** *** **** 18 ****** ** **** under $** ******* (**** loss **** ********** $**,***,*** + **** ** **** from ********** $*,***,***).

*** ******* ** ****** ~$1 ******* * ***** while ********** ** **** even ******** **** ******.

Less **** ******* **** ** ****

*** *******'* ********* *** solvency *** ** ****, as *** ******* ************:

** ** **** **, 2019, *** ******* **** had **accumulated ******* ** ************* $**.* *******, negative working capital of $2.4 million and stockholders’ deficit of $40.8 million. These factors raise substantial ***** ********* *** ******* ** ******** as a going concern... As of September 23, 2019, the Company had cash ** **** ** ************* $*.* *******. The Company has projected operating losses and negative cash flows of approximately $1 million per month for the next several months. [emphasis added]

Employees **** **% ** **** * ******

****** ***** **** *********** headcount ** **** **% in *** **** * months:

Retirement ***** **** ***********, **** ***********

***** *********** ** ********** to **** ******, **** have *************** ****** ** *** their ********** ***** **** Knightscope:

Haters, **** *********** ***

** *** **** ****, in * *** **** post, ***********'* *** **** aim ** *** '******'******:

*** *** ****** *** naysayers *** **** ***** every ****** *** ** Knightscope **** **** – but ** ************ **** we **** **** ********* times ** ***** *** do.

*** **** *** *********** 'accomplished'? **** **** ****** through $**+ ******* ** investor ***** ** ******* just ** ********* *** nearly **** ***** ***** while ****** ******** **** of **********.

*** ** **** **********, they **** ***** ** encourage ****** ** *** their ********** **** ***********.

** *********** *** ******** lots ** ********* ** buy/rent/lease ***** ******, ********** else **** **** ***, 'haters' ** ******. *** their *** ********** **** otherwise.

Comments (6)

** *** *********** **** their *******, ** ** a **** ***** **** didn't ***** ***** ******* projections *** ******** ******, or **** **** ***** have **** *** ** business ******** ****** ***-****.

** **** ****, **** can ** ***** ******** not ******* ****** *** not ******* ********* *** maybe ******* **** ** they *** ***** **** minimal *******, *** *** back **** ******** (****, anyone ***** *** ** "building ******").

*** ** *********** **** away, ** ** *** laughs:

*********** ****** ***** ******* To **** ****** ****** Violent *****

** ***** ** ***'* have ** ***** ***** robots ******** *** **** for * *****

*** *** **** ***** alive?

******* ** *** "****" looks **** ** *** taken **** **** * few **** ***

*** ***** **** ** it ***'* * ********* security *******. **** **** need ** ** ** move ** **** *** care ******** ******** ******* persons ***

* **** ** ***** out *** ***** **** on ***** ******* ** their ********* ** ***** on **** *******. *** facts *** *** ***** as ******* ** *** company ********** *** ***** articles, ** **** **** save ***** *** & pop ***** **** **** company. * ** *** CEO ** *** *******, Ocean ** ******** *** I ****** **** ****** trying ** ******* ******* funds **** * ******* that ** ********* ********. Shame ** **** ***

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