Federal Contracts and Market Position - Knightscope has obtained FedRAMP Authority to Operate (ATO) in January 2024, enabling it to pursue federal contracts, including a pilot program with the U.S. Department of Veteran Affairs for the K5 GOV ASR[21]. - The U.S. physical security market is projected to reach $56.8 billion by 2030, driven by technological advancements and heightened public safety concerns[29]. - The company has been awarded a Phase 1 contract from the U.S. Air Force in 2025, further solidifying its position in the federal market[44]. - The company is actively seeking additional government contracts, including a Phase 1 contract from the U.S. Air Force, which may expose it to risks such as early termination and regulatory scrutiny[122]. Product Development and Innovation - Knightscope aims to expand its installed base of Autonomous Security Robots (ASRs) through a Machine-as-a-Service (MaaS) subscription model, enhancing long-term revenue streams[41]. - The K7 Autonomous Security Robot is planned for production in 2026, designed for large environments like airports and industrial zones, enhancing automated perimeter patrolling[45]. - Knightscope's ASRs provide 24/7 monitoring capabilities, reducing reliance on human security personnel and improving incident response times[33]. - Knightscope's comprehensive suite of solutions includes ASRs, emergency communication devices (ECDs), and the cloud-based Knightscope Security Operations Center (KSOC)[191]. - The company is investing in new product development, including the K7 ASR, and has increased its R&D headcount to support these initiatives[207]. Financial Performance and Challenges - The Company incurred a net loss of $31.7 million for the year ended December 31, 2024, compared to a net loss of $22.1 million for the year ended December 31, 2023, with an accumulated deficit of $193.2 million as of December 31, 2024[62]. - Cash and cash equivalents on hand were $11.1 million as of December 31, 2024, up from $2.3 million as of December 31, 2023[62]. - The Company had a total backlog of approximately $1.7 million as of December 31, 2024, consisting of $0.4 million related to ASR orders and $1.3 million related to ECD orders[56]. - The company expects fluctuations in financial results due to various unpredictable factors, including client demand and economic conditions[76]. - The company projects operating losses and negative cash flows for the foreseeable future, raising substantial doubt about its ability to continue as a going concern[130]. Operational and Management Structure - The Company has a total of 71 full-time employees as of December 31, 2024, and is not a party to any collective bargaining agreements[58]. - The company appointed a new Chief Financial Officer and reduced approximately 40% of executive and senior leadership roles to enhance operational efficiency[203]. - The company has implemented a series of strategic and structural changes to optimize resources and reduce costs, including relocating production and renegotiating long-term client contracts[213]. - The company anticipates continued impacts from its strategic actions into 2025 as it completes transitions and drives further efficiencies across the business[208]. Competition and Market Dynamics - The U.S. security guard industry faces labor shortages, with turnover rates ranging from 100% to 400% annually, driving demand for automated solutions[29]. - The company competes with traditional public safety services, autonomous security robotics, and emergency communication systems, with key competitors including Allied Universal, Asylon Robotics, and Code Blue Corporation[51]. - Increased competition from other companies developing physical security technology may impact the company's market position[98]. - The company may face increased competition in the private security industry, which could result in reduced prices and lower gross margins[121]. Regulatory and Compliance Issues - Compliance with evolving privacy laws and regulations could limit the company's ability to deploy technologies in various markets[99]. - The regulatory framework for privacy and security is rapidly changing, potentially requiring the company to modify its business practices[100]. - The California Consumer Privacy Act (CCPA) imposes specific requirements on businesses processing personal information of California residents, which could affect the company's operations[101]. - Noncompliance with data protection laws like the GDPR could result in fines of up to €20 million or 4% of annual global revenues[103]. - The company is subject to the UK GDPR, which carries penalties of up to £17.5 million or 4% of global annual revenue for noncompliance[104]. Cybersecurity and Risk Management - Knightscope's management team is focused on cybersecurity risk management, with Mercedes Soria serving as the Chief Intelligence Officer and CISO, overseeing the cybersecurity program[165]. - The company utilizes external service providers to assist with cybersecurity assessments and incident response[166]. - Knightscope's cybersecurity practices include employee training and a third-party risk management evaluation process for key service providers[166]. - The company is dependent on its cybersecurity risk management program, and any security breaches could lead to significant financial and reputational damage[114]. Supply Chain and Operational Constraints - The company has experienced supply chain constraints and increased costs for materials, components, and freight due to geopolitical conflicts and inflationary pressures, which may negatively impact financial performance[127]. - The Company relies on over 100 suppliers for its manufacturing needs, with the top three suppliers being Alco Metal Fab, Sybridge Digital Solutions LLC, and E and M Electric and Machinery Inc.[48]. Stock and Financing - The company issued unsecured Public Safety Infrastructure Bonds totaling approximately $4.3 million, with a 10% annual interest rate starting December 31, 2024[92]. - The company may need to engage in equity or debt financings to secure additional funds for operations and product development[130]. - The company has never paid cash dividends on its Class A Common Stock and does not anticipate doing so in the foreseeable future[136]. - Future issuances of debt securities may adversely affect the return on investment from Class A Common Stock, as these securities would rank senior in bankruptcy or liquidation[138]. Asset Management and Valuation - Finished ASRs net value decreased slightly from $8,845,000 in 2023 to $8,765,000 in 2024, a decline of 0.9%[223]. - The total value of raw materials decreased from $3,841,000 in 2023 to $2,465,000 in 2024, a decline of 35.7%[223]. - The company did not record any impairment losses for ASRs or other long-lived assets for the years ended December 31, 2024 and 2023[224]. - The total value of finished ASRs net increased from $3,429,000 in 2023 to $5,978,000 in 2024, an increase of 74.5%[223].

Financial Performance - Estimated preliminary financial results for the fiscal year ended December 31, 2024, indicate a revenue of approximately $53.1 million, with an estimated $11 million for the fourth quarter[7]. - Knightscope has raised over $40 million in 2024, improving its balance sheet and corporate governance structure[42]. - Knightscope aims to significantly grow its revenue profitably through a diversified business model that includes recurring revenue streams[31]. Market Opportunities - Knightscope targets a total addressable market (TAM) of $230 billion, with specific segments including $57 billion for public safety and government by 2025[28]. - The U.S. security services industry is projected to grow significantly, with estimates indicating a market size increase to $50 billion by 2028, reflecting a compound annual growth rate (CAGR) of 5% from 2023[1]. - The autonomous security robots market is expected to reach $2.5 billion by 2028, growing at a CAGR of 20% from 2023[2]. - Emergency communication systems are forecasted to grow at a CAGR of 8% from 2023 to 2030, with the market size anticipated to reach $10 billion by 2030[3]. - U.S. public and private sector security spending is estimated to exceed $300 billion in 2023, with a projected increase of 6% annually[4]. - The critical infrastructure protection and perimeter security market is expected to grow to $15 billion by 2028, with a CAGR of 7% from 2023[5]. - Retail security and loss prevention spending is projected to reach $20 billion in 2023, reflecting a 5% increase from the previous year[6]. - K-12 and higher education campus security budgets are estimated to grow by 4% in 2023, reaching a total of $5 billion[7]. - The casino and hospitality security expenditures are expected to increase to $3 billion by 2027, with a CAGR of 6%[8]. - The multifamily housing security market is projected to grow by 5% annually, reaching $8 billion by 2023[9]. Product Development - The company plans to launch the K7 Autonomous Security Robot and K1 Super Tower by 2026, enhancing its product offerings[7]. - Knightscope's autonomous security robots (ASR) operate on a subscription model ranging from $1 to $11 per hour, providing a cost-effective alternative to traditional security services[26]. - Knightscope's technology generates over 200 terabytes of data annually per machine, providing real-time intelligence and physical deterrence against crime[21]. Strategic Initiatives - The company is focusing on organic and inorganic growth, including partnerships with Verizon Frontline to enhance telecommunications for first responders[40]. - The management team has undergone restructuring, reducing the management team by one-third and optimizing operations for future growth[43]. - Knightscope's proprietary market projections indicate a strong demand for security solutions, with anticipated revenue growth driven by customer requests for proposals (RFPs) and competitive landscape analysis[10]. Regulatory and Compliance - The company has achieved Authority to Operate (ATO) with the U.S. Federal Government, positioning itself for long-term sustainable growth[7].

Table of Contents Title of each class Trading symbol(s) Name of each exchange on which registered Class A Common Stock, $0.001 Par Value per Share KSCP The Nasdaq Capital Market (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41248 Knightscope, Inc. (Ex ...

Core Insights - Verizon Business has partnered with Knightscope to enhance safety at commercial and government facilities through the deployment of autonomous security robots and emergency communication devices [1][5] - The Knightscope K5 security robot has received a FedRAMP Moderate Authority to Operate designation, indicating its compliance with security standards [2] - Verizon aims to integrate 5G technology into the K5 ASR, enhancing its capabilities for real-time data transmission and monitoring [3] Company Developments - The K5 ASR operates autonomously in large outdoor spaces and is designed to function in extreme weather conditions, providing continuous surveillance [3] - Verizon also supports Knightscope's K1 Blue Light Tower and E-Phones, which are wireless emergency communication devices that operate independently and assist first responders [4] - The partnership with Knightscope is part of Verizon's broader strategy to serve the U.S. Department of Veterans Affairs, including a $448.3 million expansion to supply mobile devices and critical communications support [5] Financial Performance - Verizon generated revenues of $134.0 billion in 2023, showcasing its strong market position and commitment to innovation [6]

Financial Data and Key Metrics Changes - For Q2 2024, total net revenues were reported at $3.2 million, a decrease of $0.4 million or 10% compared to the same period last year, primarily due to lower product revenue offsetting gains in services revenue [33] - Services revenue increased by $0.1 million to approximately $2 million, while product revenue declined by $0.5 million to approximately $1.3 million due to a lack of a large one-time sale that occurred in the prior year [33] - The company recorded a gross loss of $0.6 million, a significant change from a gross profit of $9,000 reported in the prior year [35] - Net loss for the quarter was $6.3 million, approximately $1.5 million higher than the prior year, with a basic and diluted net loss per share of $0.05 compared to a loss of $0.08 in the prior year [38] Business Line Data and Key Metrics Changes - The K1B product line contributed approximately two-thirds of the business, while ASR-related products accounted for about one-third of revenues [51] - The K1 Hemisphere product has been introduced and is expected to drive initial growth, with various applications being explored [50] Market Data and Key Metrics Changes - The company believes it is targeting a multibillion-dollar market opportunity in public safety, law enforcement, and security, which is seen as ripe for disruption through robotics and AI [5][6] - The potential for a $40 billion recurring revenue opportunity is anticipated once the business model is fully established [7] Company Strategy and Development Direction - The company is focused on cleaning up its balance sheet and aligning with public company structures, which includes converting preferred shares to common shares [42][44] - Strategic initiatives include the development of the Intelligence Control Module (ICM) to unify various product architectures and improve operational efficiencies [17][46] - The company aims to scale up operations while reducing costs and improving efficiencies across its product lines [12][24] Management's Comments on Operating Environment and Future Outlook - Management acknowledges that 2024 is a transition year, with expectations of continued challenges as the company implements significant changes [34][41] - The management expresses confidence in the long-term potential of the company, emphasizing the importance of execution and operational improvements [2][3] Other Important Information - The company has raised over $5 million in funding and continues to utilize an active ATM program for capital [45] - The company has successfully deployed its first K5 government machine at a U.S. Department of Veterans Affairs Hospital [9] Q&A Session All Questions and Answers Question: What were the orders for K1 Hemisphere versus a year ago? - The K1 Hemisphere was not in production a year ago, and it is now seen as an initial growth driver with various applications being explored [50] Question: What percentage of sales are ASRs versus the Blue Light products? - Approximately two-thirds of the business is K1B-related, while about one-third is ASR-related [51] Question: How much cash on hand on the balance sheet at the end of Q2? - Cash on hand was reported at $2.6 million at the end of the quarter, oscillating between $2 million and $5 million over the last 18 months [55] Question: What is the status of the investigation into possible legal actions of the short seller? - The investigation is ongoing, and there are no updates to provide at this time [60] Question: Why do press releases mention new contracts but not their impact on profit loss? - Announcements of new contracts are made to assist the sales team and provide visibility, but the financial impact may not be immediate [62]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41248 Knightscope, Inc. (Exact name of registrant as specified in its charter) Delaware 46-2482575 (State or o ...

Financial Performance - Total revenue for Q1 2024 was $2,254,000, a decrease of 22% compared to $2,897,000 in Q1 2023[22] - Net loss for Q1 2024 was $7,592,000, compared to a net loss of $2,444,000 in Q1 2023, representing a 210% increase in losses year-over-year[22] - The gross loss for Q1 2024 was $1,445,000, compared to a gross loss of $213,000 in Q1 2023[22] - Total revenue for the three months ended March 31, 2024, was $2,254 million, compared to $2,897 million for the same period in 2023, reflecting a decline in both ASR and ECD revenues[74] - Service revenue remained relatively flat at $1.691 million, while product revenue decreased by approximately $0.6 million to $0.563 million due to structural changes in the ECD product line[132] - Total other income decreased by approximately $3.4 million, or 83%, to $0.688 million for the three months ended March 31, 2024, compared to $4.077 million in the same period of 2023[143] Cash Flow and Liquidity - Net cash used in operating activities was $8.611 million for Q1 2024, up from $6.483 million in Q1 2023, indicating worsening cash flow from operations[28] - Cash and cash equivalents increased to $2,487,000 as of March 31, 2024, up from $2,282,000 as of December 31, 2023[18] - Cash and cash equivalents at the end of the period were $2.587 million, an increase from $2.475 million at the end of Q1 2023[28] - The company reported a net cash provided by financing activities of $9.710 million in Q1 2024, compared to $4.915 million in Q1 2023[28] - The company is dependent on additional fundraising to sustain operations, indicating potential liquidity challenges in the next twelve months[36] Assets and Liabilities - Total current assets rose to $9,921,000 as of March 31, 2024, compared to $8,213,000 as of December 31, 2023, reflecting an increase of 20.8%[18] - Total liabilities increased to $16,616,000 as of March 31, 2024, up from $15,405,000 as of December 31, 2023, indicating a rise of 7.9%[18] - The company reported a total stockholders' deficit of $26,638,000 as of March 31, 2024, slightly increased from $26,634,000 as of December 31, 2023[18] - The total assets of the company increased to $23,993,000 as of March 31, 2024, compared to $22,974,000 as of December 31, 2023, marking a growth of 4.4%[18] - The accumulated deficit as of March 31, 2024, was approximately $169.1 million, with a stockholders' deficit of approximately $26.6 million[36] Research and Development - Research and development expenses for Q1 2024 were $1,569,000, an increase of 12.3% from $1,397,000 in Q1 2023[22] - Research and development expenses increased by approximately $0.172 million, or 12%, to $1.569 million, representing 70% of total revenue[138] Stock and Equity - The number of weighted average shares used to compute basic and diluted net loss per share increased to 96,365,979 in Q1 2024 from 42,746,330 in Q1 2023[22] - The Company issued 13,512,738 shares of Class A Common Stock under its at-the-market offering program, generating net proceeds of approximately $7.1 million during the three months ended March 31, 2024[90] - The total preferred stock outstanding as of March 31, 2024, was 9,473,084 shares, with net proceeds from issuance amounting to $34,015 million[88] - The Company had a total of 25,154,887 shares of Class A Common Stock reserved for future issuance as of March 31, 2024[89] Operational Challenges and Future Outlook - The Company is focused on streamlining operations and reducing costs, particularly in its K1B product line, to achieve profitable growth[109] - The Company expects fluctuations in results of operations throughout 2024 due to its transition and cost-streamlining efforts[113] - The Company believes the demand for automated security solutions will grow due to rising crime rates and security breaches[123] - The Company is evaluating actions to improve production methods, cost, quality, and product features in response to potential competition[126] Other Financial Metrics - The total stock-based compensation expense recognized for the three months ended March 31, 2024, was $334 million, down from $446 million in the same period of 2023, indicating a decrease of about 25%[87] - The warranty liability decreased from $406 million at the beginning of the year to $341 million by March 31, 2024, with a provision of $41 million issued during the quarter[59] - The Company had unamortized stock-based compensation expense of $2.3 million as of March 31, 2024, which will be recognized over a weighted average remaining vesting term of 2.52 years[86]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 2, 2024 Knightscope, Inc. (Exact name of registrant as specified in its charter) Delaware 001-41248 46-2482575 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 1070 Terra Bella Avenue Mountain View, California 94043 (Address of prin ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Transition Period From To Commission file number: 001-41248 KNIGHTSCOPE, INC. (Exact name of registrant as specified in its charter) | Delaware | 46-2482575 | | --- | --- | | (Sta ...

Exhibit 99.1 CONTENTS | Our Mission | 03 | | --- | --- | | Disruption by A.I. | 04 | | Core Technology | 06 | | Recurring Revenue Opportunity | 10 | | Leadership | 16 | | Outlook | 18 | | Photos & Specifications | 19 | OUR MISSION Knightscope is on a long-term mission to make the United States of America the safest country in the world by deploying groundbreaking public safety technology DISRUPTION BY A.I. Our long-tem strategy is to network millions of autonomous machines, combining both curent and future ...