Ascendiant Capital Markets Initiates Coverage of Knightscope with Buy Rating and $3.50 Per Share Price Target

2023-06-26 21:51

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Jun 26, 2023--

Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading developer of autonomous security robots and blue light emergency communication systems, today announced that Ascendiant Capital Markets LLC ("Ascendiant") has initiated coverage on the company's stock with a buy rating and a price target of $3.50 per share.

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Ascendiant Capital Markets Initiates Coverage of Knightscope with Buy Rating and $3.50 Per Share Price Target (Graphic: Business Wire)

Ascendiant is an investment banking and equity research firm focusing on high-growth sectors, with expertise in technology, healthcare, and other emerging industries. It has not received compensation for advisory or investment banking services from the Company in the past 12 months.

Ascendiant has conducted extensive research and analysis on Knightscope's business model, technological advancements, and market potential. Following their comprehensive evaluation, Ascendiant has expressed a positive outlook on Knightscope's growth prospects and sees substantial upside potential for the company's stock.

"This recognition from Ascendiant reflects their confidence in our innovative autonomous security solutions, our strong market position, and our ability to deliver long-term value to our shareholders with a buy rating,” said William Santana Li, chairman and CEO of Knightscope, Inc. “The Rise of the Robots continues, and Wall Street is now taking notice that Knightscope has a unique set of disruptive technologies combining artificial intelligence, autonomy, robotics and electric vehicle technology,” continued Li.

The Company's cutting-edge solutions have been deployed across various sectors, including corporate campuses, shopping centers, hospitals, and educational institutions, transforming traditional security practices and enhancing safety and efficiency.

Investors, analysts, and members of the media are encouraged to review the research report here.

About Knightscope

Knightscope is an advanced public safety technology company that builds fully autonomous security robots and blue light emergency communications systems that help protect the places people live, work, study and visit. Knightscope’s long-term ambition is to make the United States of America the safest country in the world. Learn more about us at www.knightscope.com. Follow Knightscope on Facebook, Twitter, LinkedIn and Instagram.

Forward-Looking Statements

This press release may contain “forward-looking statements” about Knightscope’s future expectations, plans, outlook, projections and prospects. 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, but are not limited to, statements about the Company’s path to profitability, the Company’s targeted annualized revenue run rate, the Company’s plans for top-line growth, the Company’s ability to deliver on its backlog of new orders, the benefits of the Company’s planned streamlining of its operations and rightsizing of its combined workforce and the Company’s ability to achieve improved margins. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. These risks and uncertainties include, among other things, the risk that the restructuring costs and charges may be greater than anticipated; the risk that the Company’s restructuring efforts may adversely affect the Company’s internal programs and the Company’s ability to recruit and retain skilled and motivated personnel, and may be distracting to employees and management; the risk that the Company’s restructuring efforts may negatively impact the Company’s business operations and reputation with or ability to serve customers; the risk that the Company’s restructuring efforts may not generate their intended benefits to the extent or as quickly as anticipated. Readers are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2022. 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.

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CONTACT: Public Relations:

Stacy Stephens

Knightscope, Inc.

(650) 924-1025 Corporate Communications:

IBN (InvestorBrandNetwork)

Los Angeles, California

www.InvestorBrandNetwork.com

310.299.1717 Office

Editor@InvestorBrandNetwork.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: TECHNOLOGY FINANCE SECURITY BANKING PROFESSIONAL SERVICES SOFTWARE HARDWARE ROBOTICS DATA MANAGEMENT ARTIFICIAL INTELLIGENCE