Knightscope(KSCP) - 2025 Q2 - Quarterly Report

Form 10-Q Filing Information Registrant Information This section provides the basic identification details for Knightscope, Inc.'s Quarterly Report on Form 10-Q for the period ended June 30, 2025, including its incorporation state, principal executive offices, and stock listing information - Knightscope, Inc. is a Delaware corporation, headquartered in Sunnyvale, CA, and its Class A Common Stock is traded on The Nasdaq Capital Market under the symbol KSCP[1][2][3] - The company is classified as a non-accelerated filer, a smaller reporting company, and an emerging growth company[4][5] Shares Outstanding as of August 8, 2025 | Class of Stock | Shares Outstanding as of August 8, 2025 | | :--------------- | :------------------------------------ | | Class A Common Stock | 9,846,715 | | Class B Common Stock | 336,424 | Table of Contents Cautionary Note on Forward-Looking Statements Forward-Looking Statements Disclaimer This section advises readers that the report contains forward-looking statements, which are subject to various known and unknown risks, uncertainties, and assumptions that could cause actual results to differ materially from projections. It emphasizes that these statements are not guarantees of future performance and should not be unduly relied upon - The report includes forward-looking statements covered by safe harbor provisions, identified by words like 'believe,' 'may,' 'will,' 'estimate,' 'potential,' 'continue,' 'anticipate,' 'intend,' 'expect,' 'could,' 'would,' 'project,' 'plan,' 'target,' or similar expressions[9] - Key risks include the need for significant capital for product development, market acceptance, intellectual property protection, limited operating history, ability to continue as a going concern, compliance with Nasdaq listing requirements, ability to operate under privacy laws, ability to raise capital, and managing operating expenses[11] - The company has not yet generated profits or significant revenues, anticipates continued losses, and may never achieve profitability, with substantial doubt expressed about its ability to continue as a going concern without additional funding[11] Part I — Financial Information Item 1. Financial Statements This section presents the unaudited condensed financial statements for Knightscope, Inc., including the balance sheets, statements of operations, statements of preferred stock and stockholders' equity (deficit), and statements of cash flows, along with their accompanying notes, providing a detailed view of the company's financial position and performance for the periods ended June 30, 2025 and 2024 Condensed Balance Sheets Condensed Balance Sheets (in thousands) | (In thousands) | June 30, 2025 (unaudited) | December 31, 2024 (audited) | | :--------------- | :-------------------------- | :-------------------------- | | ASSETS | | | | Cash and cash equivalents | $8,211 | $11,124 | | Total current assets | $13,293 | $15,099 | | Total assets | $29,220 | $28,185 | | LIABILITIES AND STOCKHOLDERS' EQUITY | | | | Total current liabilities | $7,012 | $8,265 | | Total liabilities | $14,105 | $12,404 | | Total stockholders' equity | $15,115 | $15,781 | | Total liabilities and stockholders' equity | $29,220 | $28,185 | Condensed Statements of Operations Condensed Statements of Operations (in thousands) | (In thousands, except per share data) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------ | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Total revenue, net | $2,749 | $3,203 | $5,666 | $5,457 | | Gross loss | $(918) | $(558) | $(1,586) | $(2,003) | | Total operating expenses | $5,350 | $6,203 | $11,510 | $13,038 | | Loss from operations | $(6,268) | $(6,761) | $(13,096) | $(15,041) | | Net loss | $(6,329) | $(6,271) | $(13,226) | $(13,863) | | Basic and diluted net loss per common share | $(0.90) | $(2.68) | $(2.13) | $(6.51) | Condensed Statements of Preferred Stock and Stockholders' Equity (Deficit) Condensed Statements of Preferred Stock and Stockholders' Equity (Deficit) (in thousands) | (In thousands) | Balance as of Dec 31, 2024 | Stock-based compensation | Proceeds from Equity Sale, net | Net loss | Balance as of June 30, 2025 | | :--------------- | :------------------------- | :----------------------- | :----------------------------- | :------- | :-------------------------- | | Additional paid-in capital | $208,969 | $807 | $11,708 | — | $221,526 | | Accumulated deficit | $(193,192) | — | — | $(13,226) | $(206,418) |\ | Total Stockholders' Equity | $15,781 | $807 | $11,708 | $(13,226) | $15,115 | - As of May 15, 2024, all Preferred Stock was automatically converted into Class A and Class B Common Stock, resulting in no Preferred Stock outstanding[65][96] Condensed Statements of Cash Flows Condensed Statements of Cash Flows (in thousands) | (In thousands) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--------------- | :----------------------------- | :----------------------------- | | Net cash used in operating activities | $(11,865) | $(12,642) | | Net cash used in investing activities | $(1,186) | $(1,763) | | Net cash provided by financing activities | $10,036 | $14,749 | | Net change in cash, cash equivalents and restricted cash | $(3,015) | $344 | | Cash, cash equivalents and restricted cash at end of the period | $8,211 | $2,726 | Notes to Condensed Financial Statements NOTE 1: The Company and Summary of Significant Accounting Policies This note describes Knightscope, Inc.'s business as a public safety innovator building Autonomous Security Robots (ASRs) and Emergency Communication Devices (ECDs), operating in a market with high demand for automation. It also outlines the basis of financial statement presentation, the company's liquidity challenges, and significant accounting policies including the reverse stock split, segment reporting, use of estimates, and treatment of cash, inventory, and intangible assets - Knightscope, Inc. designs, manufactures, and deploys Autonomous Security Robots (ASRs) and Emergency Communication Devices (ECDs) to improve public safety for private and government clients[32] - The company operates in a highly fragmented U.S. public safety market driven by demand for automation and AI due to rising labor costs, staffing shortages, and crime rates[33] - The company has historically incurred losses and negative cash flows from operations, with an accumulated deficit of $206.4 million and stockholders' equity of $15.1 million as of June 30, 2025, raising substantial doubt about its ability to continue as a going concern without additional funding[38][39] - A 1-for-50 reverse stock split for Class A and Class B Common Stock became effective on September 13, 2024, with all share and per-share amounts retroactively adjusted[40] Inventory Components (in thousands) | Component | June 30, 2025 | December 31, 2024 | | :---------- | :------------ | :---------------- | | Raw materials | $1,376 | $1,539 | | Work in process | $190 | $123 | | Finished goods | $176 | $135 | | Total | $1,742 | $1,797 | Intangible Assets, Net (in thousands) | Intangible Asset | June 30, 2025 | December 31, 2024 | | :----------------- | :------------ | :---------------- | | Developed technology | $454 | $553 | | Customer relationships | $628 | $688 | | Total | $1,082 | $1,241 | NOTE 2: Revenue and Deferred Revenue This note details the company's revenue recognition policies for ASRs and ECDs, distinguishing between lease-based subscription revenue for ASRs and point-in-time sales for ECDs. It also explains the accounting for deferred revenue, which primarily arises from annual advance billings for MaaS subscriptions - ASR revenue is primarily generated from 12-month operating lease subscriptions, recognized ratably over the lease term[73] - ECD revenue is recognized upon completion of installation or upgrades, or when maintenance services are performed[72] - Deferred revenue of $1.821 million as of June 30, 2025, primarily represents advance billings for MaaS subscriptions, amortized over the service delivery period[75][77] Disaggregated Revenue by Product Line and Timing (in thousands) | Product Line | Three Months Ended June 30, 2025 (Total) | Three Months Ended June 30, 2024 (Total) | Six Months Ended June 30, 2025 (Total) | Six Months Ended June 30, 2024 (Total) | | :----------- | :--------------------------------------- | :--------------------------------------- | :------------------------------------- | :------------------------------------- | | ASRs | $1,146 | $1,012 | $2,328 | $2,002 | | ECDs | $1,603 | $2,191 | $3,338 | $3,455 | | Total | $2,749 | $3,203 | $5,666 | $5,457 | NOTE 3: Fair Value Measurement This note outlines the company's approach to fair value measurement, categorizing financial instruments into a three-level hierarchy based on the observability of inputs. It primarily reports cash equivalents in money market funds as Level 1 assets and notes the reclassification of preferred stock warrant liabilities from Level 3 to equity in 2024 - The company uses a fair value hierarchy (Level 1, 2, 3) to measure financial instruments, maximizing observable inputs[82][85] Cash Equivalents (in thousands) | Asset | June 30, 2025 | December 31, 2024 | | :---- | :------------ | :---------------- | | Money market funds | $7,747 | $10,638 | - Preferred stock warrant liabilities, previously classified as Level 3, were reclassified to additional paid-in capital on May 15, 2024, and are no longer subject to remeasurement[60][86] NOTE 4: Debt Obligations This note details Knightscope's debt obligations, including Public Safety Infrastructure Bonds, the August 2024 Note, and Insurance Notes. It highlights the full repayment of the August 2024 Note by June 30, 2025, and provides a breakdown of current and non-current debt balances - The August 2024 Note, a $3.0 million senior secured promissory note, was paid in full as of June 30, 2025[89][93] - The company issued Public Safety Infrastructure Bonds, unsecured and bearing 10% annual interest, with $3.991 million outstanding as of June 30, 2025[87][95] Amortized Carrying Amount of Debt Obligations (in thousands) | Debt Type | June 30, 2025 | December 31, 2024 | | :---------- | :------------ | :---------------- | | Bonds, net | $3,991 | $3,952 | | August 2024 Note | $0 | $1,364 | | Insurance Notes | $281 | $0 | | Total debt | $4,272 | $5,316 | | Less: current portion | $(281) | $(1,364) |\ | Non-current portion | $3,991 | $3,952 | NOTE 5: Capital Stock and Warrants This note details changes in the company's capital structure, including the conversion of all preferred stock to common stock in May 2024, the authorization of 'blank check' preferred stock, and activities related to pre-funded, underwriter, and vendor warrants. It also covers the At-the-Market (ATM) Offering Program as a source of capital - All Preferred Stock was converted to Class A and Class B Common Stock on May 15, 2024, and preferred warrants were reclassified from liabilities to equity[96][97] - Stockholders approved the authorization of 40,000,000 shares of 'blank check' preferred stock on August 16, 2024[98] - The company completed a public offering of Class A Common Stock and pre-funded warrants in November 2024, generating approximately $12.1 million gross proceeds, with all pre-funded warrants exercised by June 30, 2025[99][101] Outstanding Warrants as of June 30, 2025 | Class of shares | Number of Warrants | Exercise Price | Expiration Date | | :---------------- | :----------------- | :------------- | :-------------- | | Class A Common Stock (previously Series m-3 Preferred Stock) | 28,656 | $200.00 | Dec 31, 2027 | | Class A Common Stock (previously Series S Preferred Stock) | 121,455 | $93.87 | Dec 31, 2027 | | Class A Common Stock (Vendor Warrants) | 15,238 | $0.001 | 6 years from each issuance |\ | Class A Common Stock (Underwriter Warrants) | 36,300 | $18.29 | Nov 21, 2029 | - Under its At-the-Market (ATM) Offering Program, the company sold 1,779,720 shares of Class A Common Stock for net proceeds of approximately $10.3 million for the six months ended June 30, 2025[107] NOTE 6: Stock-Based Compensation This note details the company's equity incentive plans, including the 2014, 2016, and 2022 Plans, and the accounting for stock-based compensation. It provides a summary of stock option activity, the Black-Scholes option pricing model assumptions, and the recognized stock-based compensation expense - The 2022 Equity Incentive Plan allows for the issuance of up to 100,000 shares of Class A Common Stock, with an annual increase of up to 5% of outstanding Class A and Class B Common Stock[109] Stock Option Activity (Six Months Ended June 30, 2025) | Category | Shares Outstanding | | :--------- | :----------------- | | Available and outstanding as of Dec 31, 2024 | 296,391 | | Granted | 33,876 | | Forfeited | (15,316) | | Available and outstanding as of June 30, 2025 | 314,951 | | Vested and exercisable as of June 30, 2025 | 169,957 | Stock-Based Compensation Expense (in thousands) | Expense Category | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :----------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Cost of revenue, net | $40 | $8 | $86 | $65 | | Research and development | $115 | $146 | $263 | $268 | | Sales and marketing | $22 | $32 | $43 | $80 | | General and administrative | $208 | $83 | $415 | $190 | | Total | $385 | $269 | $807 | $603 | NOTE 7: Commitments and contingencies This note outlines the company's commitments and contingencies, primarily focusing on operating lease agreements for facilities, including a new headquarters in Sunnyvale, California. It also covers purchase commitments for ASR raw materials, legal matters, and potential sales tax contingencies - In April 2025, Knightscope entered into a new operating lease for its future headquarters in Sunnyvale, California, with a term through June 30, 2030, and an annual base rent of $0.9 million[115] Operating Lease Liabilities (in thousands) | Category | June 30, 2025 | December 31, 2024 | | :--------- | :------------ | :---------------- | | Operating lease right-of-use assets | $2,948 | $407 | | Operating lease liabilities, current | $119 | $412 | | Operating lease liabilities, non-current | $3,011 | $0 | | Total operating lease liabilities | $3,130 | $412 | - The company has a purchase commitment of $0.8 million for ASR raw materials, with monthly purchases of $40 thousand from January 2025 to August 2026, and $0.1 million paid in the first six months of 2025[118] - No material legal proceedings or unaccrued liabilities related to indemnification obligations were identified as of June 30, 2025[119][120] NOTE 8: Segment Information This note clarifies that Knightscope operates as a single reportable segment, as its Chief Executive Officer, the chief operating decision maker, reviews financial information and allocates resources at a company-wide level - Knightscope operates as one operating and reportable segment, with all long-lived assets and substantially all revenue attributed to the United States[41][122] NOTE 9: Subsequent Events This note discloses significant events that occurred after the reporting period but before the financial statements were issued, specifically detailing further activities under the At-the-Market (ATM) Offering Program - From July 1, 2025, to August 8, 2025, the company sold 2,750,030 shares of Class A Common Stock under its ATM program, generating approximately $19.7 million in net proceeds, increasing cash on hand to $24.2 million[125] - On July 18, 2025, the company filed a new prospectus supplement to increase the ATM Facility's offering capacity to up to $50.0 million in Class A Common Stock[126] Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations This section provides management's perspective on Knightscope's financial condition and results of operations, highlighting the company's strategic focus on AI-driven robotics for public safety, recent developments in liquidity and innovation, and operational efficiency efforts. It also offers a detailed comparison of financial performance for the three and six months ended June 30, 2025, versus 2024, and discusses the company's liquidity and capital resources Overview - Knightscope aims to transform public safety with AI-driven robotics, emergency communication solutions, and real-time monitoring, offering Autonomous Security Robots (ASR), AI-powered detection, Emergency Communication Devices (ECD), and the cloud-based Knightscope Security Operations Center (KSOC)[130] - The company's core technologies combine autonomy, robotics, artificial intelligence, and electric vehicle technology, with products manufactured in the United States[130][131] Business Environment - Knightscope operates in a dynamic trade environment, facing challenges in material sourcing and manufacturing costs due to global material availability and supplier delivery performance, which have impacted equipment production and delivery[131] - The company is investing in a new, larger production facility in Sunnyvale, California, and optimizing procurement and production strategies to enhance throughput, strengthen yield, and improve delivery performance[133] Recent Developments - The company extinguished warrants with anti-dilution features by canceling 2022 warrants in exchange for a $3.0 million senior secured promissory note, which was paid in full by June 30, 2025[134][135] - Cash and cash equivalents increased by $5.6 million year-over-year to $8.2 million as of June 30, 2025, attributed to disciplined expense management and strategic financing[136] - Knightscope signed a lease for a new, expanded corporate headquarters in Sunnyvale, California, more than doubling its former facility to 33,355 square feet, to enhance engineering, manufacturing, and client support[137] - R&D investments are focused on the K7 platform, ECD products, autonomous navigation, and AI-powered analytics to drive high-margin growth[138] - Operational efficiency efforts include staffing a second production shift to reduce overtime, improve capacity, and shorten delivery timelines, alongside a comprehensive review of inventory and manufacturing processes at the new facility[139][141] - Supply chain issues caused lower Q2 product revenues due to ECD component shortages, which the company is mitigating by diversifying suppliers and implementing proactive material replenishment[142] Backlog as of August 8, 2025 (in thousands) | Product | Amount | | :-------- | :----- | | ECDs | $2,200 | | ASRs | $700 | | Total | $2,900 | Legislative and Regulatory Developments - The One-Big-Beautiful-Bill-Act (OBBBA) signed on July 4, 2025, includes comprehensive U.S. corporate tax legislation, but a preliminary analysis indicates no material impact on the company's financial statements[144] Results of Operations Comparison of the Three Months Ended June 30, 2025 and 2024 For the three months ended June 30, 2025, total revenue decreased by $0.5 million year-over-year, primarily due to a decline in product revenue. Gross loss increased to $0.9 million, and operating expenses decreased by $0.853 million, driven by lower sales and marketing and general and administrative costs. Net loss remained relatively stable at approximately $6.3 million Revenue, Net (Three Months Ended June 30, in thousands) | Category | 2025 | 2024 | Change ($) | Change (%) | | :--------- | :--- | :--- | :--------- | :--------- | | Service | $2,079 | $1,950 | $129 | 7% | | Product | $670 | $1,253 | $(583) | (47)% | | Total Revenue, net | $2,749 | $3,203 | $(454) | (14)% | Gross Loss (Three Months Ended June 30, in thousands) | Category | 2025 | 2024 | Change ($) | Change (%) | | :--------- | :--- | :--- | :--------- | :--------- | | Gross loss | $(918) | $(558) | $(360) | 65% | | Gross loss as % of revenue | (33)% | (17)% | (16)pp | 94% | Operating Expenses (Three Months Ended June 30, in thousands) | Category | 2025 | 2024 | Change ($) | Change (%) | | :--------- | :--- | :--- | :--------- | :--------- | | Research and development | $2,099 | $1,637 | $462 | 28% | | Sales and marketing | $1,068 | $1,537 | $(469) | (31)% | | General and administrative | $2,172 | $2,734 | $(562) | (21)% | | Restructuring charges | $11 | $295 | $(284) | (96)% | | Total Operating Expenses | $5,350 | $6,203 | $(853) | (14)% | Net Loss (Three Months Ended June 30, in thousands) | Category | 2025 | 2024 | Change ($) | Change (%) | | :--------- | :--- | :--- | :--------- | :--------- | | Net loss | $(6,329) | $(6,271) | $(58) | (1)% | Comparison of the Six Months Ended June 30, 2025 and 2024 For the six months ended June 30, 2025, total revenue increased slightly by $0.2 million, driven by service revenue growth despite a product revenue decrease. Gross loss improved by $0.417 million, and total operating expenses decreased by $1.528 million, primarily due to lower sales and marketing and general and administrative costs. Net loss decreased by $0.637 million to $13.226 million Revenue, Net (Six Months Ended June 30, in thousands) | Category | 2025 | 2024 | Change ($) | Change (%) | | :--------- | :--- | :--- | :--------- | :--------- | | Service | $4,187 | $3,641 | $546 | 15% | | Product | $1,479 | $1,816 | $(337) | (19)% | | Total Revenue, net | $5,666 | $5,457 | $209 | 4% | Gross Loss (Six Months Ended June 30, in thousands) | Category | 2025 | 2024 | Change ($) | Change (%) | | :--------- | :--- | :--- | :--------- | :--------- | | Gross loss | $(1,586) | $(2,003) | $417 | (21)% | | Gross loss as % of revenue | (28)% | (37)% | 9pp | (24)% | Operating Expenses (Six Months Ended June 30, in thousands) | Category | 2025 | 2024 | Change ($) | Change (%) | | :--------- | :--- | :--- | :--------- | :--------- | | Research and development | $4,224 | $3,206 | $1,018 | 32% | | Sales and marketing | $2,343 | $3,043 | $(700) | (23)% | | General and administrative | $4,932 | $6,375 | $(1,443) | (23)% | | Restructuring charges | $11 | $414 | $(403) | (97)% | | Total Operating Expenses | $11,510 | $13,038 | $(1,528) | (12)% | Net Loss (Six Months Ended June 30, in thousands) | Category | 2025 | 2024 | Change ($) | Change (%) | | :--------- | :--- | :--- | :--------- | :--------- | | Net loss | $(13,226) | $(13,863) | $637 | (5)% | Liquidity and Capital Resources Knightscope's operations are primarily financed through securities sales and borrowings, with cash and cash equivalents at $8.2 million as of June 30, 2025. The company continues to incur significant losses and negative cash flows, necessitating additional financing to support growth initiatives and address substantial doubt about its ability to continue as a going concern - Cash and cash equivalents were $8.2 million as of June 30, 2025, down from $11.1 million at December 31, 2024[170] - The company has an accumulated deficit of approximately $206.4 million and has generated significant losses and negative cash flows from operations and investing activities[170][171] - Substantial doubt exists about the company's ability to continue as a going concern, requiring additional financing through debt or equity, which may not be available on favorable terms[172][173] - For the six months ended June 30, 2025, net cash provided by financing activities was $10.0 million, primarily from ATM offerings and direct registration offerings, offset by debt repayments[185] Cash Flow Summary (Six Months Ended June 30, in thousands) | Activity | 2025 | 2024 | | :--------- | :--- | :--- | | Net cash used in operating activities | $(11,865) | $(12,642) | | Net cash used in investing activities | $(1,186) | $(1,763) | | Net cash provided by financing activities | $10,036 | $14,749 | | Net change in cash, cash equivalents and restricted cash | $(3,015) | $344 | Critical Accounting Estimates - There have been no material changes to the company's critical accounting estimates from what was reported in the Annual Report on Form 10-K[186] Item 3. Quantitative and Qualitative Disclosures about Market Risk As a smaller reporting company, Knightscope, Inc. is not required to provide quantitative and qualitative disclosures about market risk in this quarterly report - Knightscope, Inc. is exempt from providing quantitative and qualitative disclosures about market risk due to its status as a smaller reporting company[187] Item 4. Controls and Procedures This section discusses the effectiveness of Knightscope's disclosure controls and procedures, noting that while management recognizes inherent limitations, the controls were deemed effective at a reasonable assurance level as of June 30, 2025. No material changes to internal control over financial reporting occurred during the period - Management acknowledges that controls and procedures provide only reasonable assurance and involve judgment in balancing benefits and costs[188] - As of June 30, 2025, the company's disclosure controls and procedures were evaluated and concluded to be effective at the reasonable assurance level[189] - There were no material changes in internal control over financial reporting during the three months ended June 30, 2025[190] Part II — Other Information Item 1. Legal Proceedings Knightscope, Inc. is not currently a party to any material legal proceedings and is unaware of any pending or threatened litigation that would have a material adverse effect on its business, operating results, financial condition, or cash flows - The company is not a party to any material litigation and is unaware of any pending or threatened litigation that could materially adversely affect its business[192] Item 1A. Risk Factors This section refers readers to the comprehensive discussion of risk factors in the company's 2024 Annual Report on Form 10-K, noting that there have been no material changes to these risks in the current reporting period - There have been no material changes to the risk factors previously discussed in the company's 2024 Annual Report on Form 10-K[193] Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Knightscope, Inc. reports no unregistered sales of equity securities or use of proceeds during the period covered by this report - No unregistered sales of equity securities or use of proceeds occurred during the reporting period[194] Item 3. Defaults Upon Senior Securities This item is not applicable to Knightscope, Inc. for the current reporting period - This item is not applicable[195] Item 4. Mine Safety Disclosures This item is not applicable to Knightscope, Inc. for the current reporting period - This item is not applicable[196] Item 5. Other Information This section confirms no disclosures in lieu of a Form 8-K, no material changes to procedures for recommending Board nominees, and no Rule 10b5-1 or non-Rule 10b5-1 trading arrangements adopted or terminated by directors or officers during the quarter - No disclosures were made in lieu of a Current Report on Form 8-K[197] - There were no material changes to the procedures by which security holders may recommend nominees to the Board of Directors[197] - No director or officer adopted or terminated a Rule 10b5-1 or non-Rule 10b5-1 trading arrangement during the three months ended June 30, 2025[197] Item 6. Exhibits This section lists all exhibits filed as part of the Form 10-Q, including various amendments to the Certificate of Incorporation, bylaws, and certifications from the Chief Executive Officer and Chief Financial Officer - The exhibits include amendments to the Amended and Restated Certificate of Incorporation and Bylaws, as well as certifications from the CEO and CFO as required by the Sarbanes-Oxley Act[198] Signatures Report Signatures This section contains the official signatures of Knightscope, Inc.'s authorized officers, William Santana Li (Chairman, CEO, and President) and Apoorv Dwivedi (Executive Vice President, CFO, and Secretary), certifying the submission of the Form 10-Q report on August 12, 2025 - The report was signed on August 12, 2025, by William Santana Li, Chairman, Chief Executive Officer and President, and Apoorv Dwivedi, Executive Vice President and Chief Financial Officer and Secretary[202][203]