KSCP on Nasdaq
Knightscope, Inc.
American communications equipment company based in Sunnyvale1
In its 2026 annual report the company says: “We are a security technology company headquartered in Sunnyvale, California. We provide integrated, technology-enabled security solutions designed to improve safety outcomes for our clients across the United States.”4 Its shares trade on Nasdaq under the symbol KSCP.1
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Last updated Oct 20, 2026.
Overview
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- TickerKSCP on Nasdaq1
- IndustryCommunications Equipment, NEC1
- HeadquartersSunnyvale, California1
- Incorporated inDE3
- Business address305 North Mathilda Avenue, Sunnyvale, Ca 940853
- Filer category, Emerging growth company3
- Legal formCorporation
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Our mission is to make the United States of America the safest country in the world. We serve clients across commercial, government, healthcare, education, transportation, and residential markets.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-42.1%Gross margin2
-299.0%Operating margin2
-298.3%Net margin2
4.9%Revenue growth, 20252
-121.8%Return on equity2
0.14×Debt to equity2
-$31.0MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Emergency Communication Devices brought in 61% of the revenue Knightscope, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Emergency Communication Devices | $6.5M | $6.9M |
| Autonomous Security Robots | $4.3M | $4.4M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue36¢$16.1M
- Research and development28¢$12.5M
- Selling, general and admin37¢$16.6M
Out of $11.3M in revenue.2 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total revenue, net | $11.3M | $10.8M |
| Total cost of revenue, net | $16.1M | $14.5M |
| Gross loss | -$4.8M | -$3.7M |
| Research and development | $12.5M | $7.1M |
| Sales, general and administrative | $16.6M | $18.4M |
| Restructuring charges | $11.0K | $510.0K |
| Total operating expenses | $29.1M | $26.0M |
| Loss from operations | -$33.9M | -$29.7M |
| Change in fair value of warrant and derivative liabilities | $1.5M | |
| Interest expense, net | -$39.0K | -$423.0K |
| Other income (expense), net | $115.0K | -$118.0K |
| Total other income (expense) | $76.0K | -$2.1M |
| Net loss before income tax expense | -$33.8M | -$31.7M |
| Income tax expense | $0 | $0 |
| Net loss | -$33.8M | -$31.7M |
| Basic net loss per common share (in dollars per share) | -$4.00 | -$10.97 |
| Diluted net loss per common share (in dollars per share) | -$4.00 | -$10.97 |
| Weighted average shares used to compute basic net loss per share (in shares) | 8.5M shares | 2.9M shares |
| Weighted average shares used to compute diluted net loss per share (in shares) | 8.5M shares | 2.9M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash and cash equivalents | $20.6M | $11.1M |
| Restricted cash | $102.0K | |
| Accounts receivable, net of allowance for credit losses of $212 and $139 as of December 31, 2025 and 2024, respectively | $2.1M | $1.7M |
| Inventory | $2.3M | $1.8M |
| Prepaid expenses and other current assets | $1.3M | $345.0K |
| Total current assets | $26.4M | $15.1M |
| Autonomous Security Robots, net | $7.7M | $8.8M |
| Property, equipment and software, net | $1.1M | $661.0K |
| Operating lease right-of-use-assets | $2.7M | $407.0K |
| Goodwill | $1.9M | $1.9M |
| Intangible assets, net | $924.0K | $1.2M |
| Other assets | $525.0K | $90.0K |
| Total assets | $41.3M | $28.2M |
| Accounts payable | $2.5M | $2.8M |
| Accrued expenses and other current liabilities | $1.8M | $1.8M |
| Deferred revenue | $1.3M | $1.9M |
| Operating lease liabilities, current | $555.0K | $412.0K |
| Debt obligations, current | $405.0K | $1.4M |
| Total current liabilities | $6.6M | $8.3M |
| Debt obligations, net of debt issuance costs of $238 and $316 as of December 31, 2025 and 2024, respectively | $4.0M | $4.0M |
| Operating lease liabilities, noncurrent | $2.8M | |
| Other noncurrent liabilities | $66.0K | $187.0K |
| Total liabilities | $13.5M | $12.4M |
| Additional paid-in capital | $254.8M | $209.0M |
| Accumulated deficit | -$227.0M | -$193.2M |
| Total stockholders' equity | $27.8M | $15.8M |
| Total liabilities and stockholders' equity | $41.3M | $28.2M |
| Allowance for credit losses | $212.0K | $139.0K |
| Debt issuance costs | $238.0K | $316.0K |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 |
| Preferred stock, shares authorized (in shares) | 40.0M shares | 40.0M shares |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares |
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash and cash equivalents | $20.6M | $11.1M |
| Restricted cash | $102.0K | |
| Accounts receivable, net of allowance for credit losses of $212 and $139 as of December 31, 2025 and 2024, respectively | $2.1M | $1.7M |
| Inventory | $2.3M | $1.8M |
| Prepaid expenses and other current assets | $1.3M | $345.0K |
| Total current assets | $26.4M | $15.1M |
| Autonomous Security Robots, net | $7.7M | $8.8M |
| Property, equipment and software, net | $1.1M | $661.0K |
| Operating lease right-of-use-assets | $2.7M | $407.0K |
| Goodwill | $1.9M | $1.9M |
| Intangible assets, net | $924.0K | $1.2M |
| Other assets | $525.0K | $90.0K |
| Total assets | $41.3M | $28.2M |
| Accounts payable | $2.5M | $2.8M |
| Accrued expenses and other current liabilities | $1.8M | $1.8M |
| Deferred revenue | $1.3M | $1.9M |
| Operating lease liabilities, current | $555.0K | $412.0K |
| Debt obligations, current | $405.0K | $1.4M |
| Total current liabilities | $6.6M | $8.3M |
| Debt obligations, net of debt issuance costs of $238 and $316 as of December 31, 2025 and 2024, respectively | $4.0M | $4.0M |
| Operating lease liabilities, noncurrent | $2.8M | |
| Other noncurrent liabilities | $66.0K | $187.0K |
| Total liabilities | $13.5M | $12.4M |
| Additional paid-in capital | $254.8M | $209.0M |
| Accumulated deficit | -$227.0M | -$193.2M |
| Total stockholders' equity | $27.8M | $15.8M |
| Total liabilities and stockholders' equity | $41.3M | $28.2M |
| Allowance for credit losses | $212.0K | $139.0K |
| Debt issuance costs | $238.0K | $316.0K |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 |
| Preferred stock, shares authorized (in shares) | 40.0M shares | 40.0M shares |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$33.8M | -$31.7M |
| Depreciation and amortization | $2.6M | $2.6M |
| Loss on disposal of Autonomous Security Robots | $937.0K | $1.2M |
| (Gain)/Loss on disposal of property and equipment | -$38.0K | |
| Stock compensation expense | $1.5M | $1.7M |
| Change in fair value of warrant and derivative liabilities | $1.5M | |
| Change in allowance for credit losses | $73.0K | $124.0K |
| Accrued interest | -$10.0K | |
| Amortization of debt discount | $78.0K | $71.0K |
| Accounts receivable | -$484.0K | $235.0K |
| Inventory | -$522.0K | $523.0K |
| Prepaid expenses and other assets | -$351.0K | $1.1M |
| Accounts payable | -$355.0K | $950.0K |
| Accrued expenses and other current liabilities | $57.0K | -$411.0K |
| Deferred revenue | -$597.0K | $142.0K |
| Lease liabilities and other noncurrent liabilities | $576.0K | -$475.0K |
| Net cash used in operating activities | -$30.3M | -$22.5M |
| Purchases and related costs incurred for Autonomous Security Robots | -$1.9M | -$3.1M |
| Proceeds from sales of property, equipment and software | $19.0K | |
| Purchases of property and equipment | -$654.0K | -$43.0K |
| Net cash used in investing activities | -$2.5M | -$3.2M |
| Proceeds from stock options exercised | $18.0K | |
| Cash paid for fractional shares | -$78.0K | |
| Proceeds from equity sale, net of issuance costs | $42.8M | $22.7M |
| Proceeds from issuance of Public Safety Infrastructure Bonds, net of issuance costs | $2.6M | |
| Proceeds from Direct Registration Offering | $1.4M | |
| Proceeds for the issuance of common stock and pre-funded warrants sold for cash, net of issuance costs | $10.8M | |
| Repayments of debt obligations | -$2.1M | -$1.6M |
| Share conversion costs | -$2.0K | |
| Net cash provided by financing activities | $42.2M | $34.5M |
| Net change in cash, cash equivalents and restricted cash | $9.3M | $8.8M |
| Cash paid for income taxes | $0 | $0 |
| Capital expenditures in accounts payable, accrued expenses and other current liabilities, and other noncurrent liabilities | $81.0K | $27.0K |
| Preferred stock warrant reclassification to equity | $4.8M | |
| Operating lease liabilities arising from obtaining right-of-use-assets | $3.0M | |
| Promissory note issued in exchange for cancellation of Class A Common Stock Warrants | $3.0M | |
| Financing of insurance premiums | $1.1M | |
| Conversion of preferred stock to common stock | $34.2M |
No quarter-by-quarter statement was filed.
Corporate structure
Knightscope, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Knightscope, Inc.
- Eric James Rose Filed SCHEDULE 13G on Knightscope, Inc., latest Apr 16, 2026
- Li William Santana Filed SCHEDULE 13G/A on Knightscope, Inc., latest May 15, 2025 (2 filings since Nov 13, 2024)
- Empery Asset Management, LP Filed SCHEDULE 13G/A on Knightscope, Inc., latest Apr 24, 2025 (2 filings since Jan 21, 2025)
- Stacy Dean Stephens Filed SC 13G on Knightscope, Inc., latest Nov 13, 2024
- AB Family Protection Trust II Filed SC 13G/A on Knightscope, Inc., latest Feb 14, 2024 (2 filings since Nov 14, 2022)
- Andrew M. Brown Filed SC 13G/A on Knightscope, Inc., latest Feb 14, 2024 (3 filings since Nov 14, 2022)
- Andrew M. Brown Family Protection Trust Filed SC 13G/A on Knightscope, Inc., latest Feb 14, 2024 (2 filings since Nov 14, 2022)
- Thomas Caleca Filed SC 13G/A on Knightscope, Inc., latest Feb 14, 2024 (2 filings since Nov 14, 2022)
- VANGUARD GROUP INC Filed SC 13G/A on Knightscope, Inc., latest Feb 13, 2024 (2 filings since Feb 9, 2023)
- Knightscope, Inc. Sunnyvale, California
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Knightscope, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $1.8M2 Dec 31, 2025 | $1.6M2 Dec 31, 2024 | +11.5% |
| Accumulated depreciation | $694.0K2 Dec 31, 2025 | $915.0K2 Dec 31, 2024 | −24.2% |
| Property and equipment, net | $1.1M2 Dec 31, 2025 | $661.0K2 Dec 31, 2024 | +61.0% |
| Operating-lease assets (leased space) | $2.7M2 Dec 31, 2025 | $407.0K2 Dec 31, 2024 | +574.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $20.6M2 Dec 31, 2025 | $11.1M2 Dec 31, 2024 | +84.9% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $1.9M2 Dec 31, 2025 | $1.9M2 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $924.0K2 Dec 31, 2025 | $1.2M2 Dec 31, 2024 | −25.5% |
| Finite-lived intangibles, gross | $1.9M2 Dec 31, 2025 | $1.9M2 Dec 31, 2024 | 0% |
| Accumulated amortization | $1.0M2 Dec 31, 2025 | $699.0K2 Dec 31, 2024 | +45.4% |
| Finite-lived intangibles, net | $924.0K2 Dec 31, 2025 | $1.2M8 Dec 31, 2024 | −25.5% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $2.3M2 Dec 31, 2025 | $1.8M2 Dec 31, 2024 | +29.0% |
| Raw materials | $2.1M2 Dec 31, 2025 | $1.5M2 Dec 31, 2024 | +33.3% |
| Work in process | $131.0K2 Dec 31, 2025 | $123.0K2 Dec 31, 2024 | +6.5% |
| Finished goods | $137.0K2 Dec 31, 2025 | $135.0K2 Dec 31, 2024 | +1.5% |
Properties, in its own words
Knightscope currently leases its premises and owns no significant plant or equipment. The Company’s approximately 33,000 square foot facility in Sunnyvale, California serves as its headquarters, where it designs, engineers, tests, manufactures and supports all of its ECDs and ASR technologies. The lease for the Company’s headquarters expires in June 2030. The Company wholly owns its ASRs and typically builds in batches based on client demand, refraining where possible in stocking inventory or finished products.
Item 2 of the 10-K filed Mar 27, 2026.4
Leadership
Who has led Knightscope, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
2025
- Chief executive officerLi William Santana Feb 1, 2022 to now13
- ChairLi William Santana Feb 1, 2022 to now13
- PresidentLi William Santana Jun 6, 2024 to now14
- PresidentMallorie Sara Burak Aug 1, 2023 to Aug 1, 202315
- Chief financial officerApoorv Dwivedi Jan 19, 2024 to Jan 19, 202416
- Chief financial officerMallorie Sara Burak Feb 1, 2022 to Aug 1, 202317
Board members and other officers (14)
- OfficerApoorv Dwivedi Jun 14, 2024 to now18
- Chief Design OfficerAaron J. Lehnhardt Feb 1, 2022 to now19
- Chief Intelligence OfficerMercedes Soria Feb 1, 2022 to now20
- Chief Client OfficerStacy Dean Stephens Feb 1, 2022 to Aug 24, 202321
- Board memberMel Torrie Feb 22, 2024 to Feb 22, 202422
- Board memberRobert A. Mocny Feb 22, 2024 to Feb 22, 202423
- Board memberWilliam G. Billings Feb 22, 2024 to Feb 22, 202424
- Board memberFentanez Jackeline Hernandez V. Feb 1, 2022 to Jul 14, 202225
- Board memberKristi Ross Feb 1, 2022 to Jul 14, 202226
- Board memberLinda K. Solomon Feb 1, 2022 to Jul 14, 202227
- Board memberPatricia Howell Feb 1, 2022 to Jul 14, 202228
- Board memberPatricia L. Watkins Feb 1, 2022 to Jul 14, 202229
- Board memberSuzanne Muchin Feb 16, 2022 to Jul 14, 202230
- General counselPeter M. Weinberg Feb 1, 2022 to Aug 1, 202331
Named in SEC Form D filings
People the company listed in its private-offering notices.
Timeline
- Sep 22, 20268-K Regulation FD disclosure33
- Sep 21, 20268-K Other events34
- Sep 4, 20268-K Executive or director change; Shareholder vote35
- Aug 12, 20268-K Results of operations36
- Jul 20, 20268-K Results of operations37
- Jun 8, 20268-K Executive or director change38
- May 15, 20268-K Completed an acquisition or sale39
- Mar 3, 20268-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares40
- Sep 9, 20258-K Shareholder vote41
- Jul 21, 20258-K Bylaws or fiscal year changed42
- Jul 18, 20258-K Other events43
- Apr 14, 20258-K Entered a material agreement; Other events44
- Feb 1, 2022New chief executive Li William Santana becomes CEO13
Calendar
Coming up
- Nov 11, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.98) a share, on Nov 12, 2025.45
When it reported results
- Aug 12, 2026Reported quarterly or annual results36
- Jul 20, 2026Reported quarterly or annual results37
- Mar 12, 2025Reported quarterly or annual results46
- Apr 2, 2024Reported quarterly or annual results47
- Mar 14, 2024Reported quarterly or annual results48
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
221 filings to the SEC since October 2021: 8 annual reports, 15 quarterly reports, 50 major events, 50 insider forms, 17 large holders, 2 private raises, 79 other. The latest 20:
- Sep 22, 20268-K EDGAR
- Sep 21, 20268-K EDGAR
- Sep 21, 2026424B5 EDGAR
- Sep 4, 20268-K EDGAR
- Aug 12, 20268-K EDGAR
- Aug 12, 202610-Q EDGAR
- Jul 24, 2026ARS EDGAR
- Jul 24, 2026DEF 14A EDGAR
- Jul 20, 20268-K EDGAR
- Jun 9, 20264 EDGAR
- Jun 8, 20268-K EDGAR
- Jun 8, 20264 EDGAR
- Jun 8, 20264 EDGAR
- Jun 8, 20264 EDGAR
- May 29, 2026SD EDGAR
- May 15, 20268-K/A EDGAR
- May 15, 202610-Q EDGAR
- Apr 16, 2026SCHEDULE 13G EDGAR
- Apr 16, 20263 EDGAR
- Mar 27, 2026S-8 EDGAR
The 221 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
2 open-market trades by officers, directors and large owners since October 2021: 1 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 5, 2024 | Santana Li WilliamChairman, CEO & President | Buy | 83,333 | $0.32 | $26.7K | Form 4 |
| Jun 2, 2023 | Lehnhardt Aaron JEVP and Chief Design Officer | Sale | 238,000 | $0.41 | $97.6K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Eric James RoseSCHEDULE 13G, 1 filing Apr 16, 202649
- Li William SantanaSCHEDULE 13G/A, 2 filings Nov 13, 2024 to May 15, 202550
- Empery Asset Management, LPSCHEDULE 13G/A, 2 filings Jan 21, 2025 to Apr 24, 202551
- Stacy Dean StephensSC 13G, 1 filing Nov 13, 202452
- AB Family Protection Trust IISC 13G/A, 2 filings Nov 14, 2022 to Feb 14, 202453
- Andrew M. BrownSC 13G/A, 3 filings Nov 14, 2022 to Feb 14, 202454
- Andrew M. Brown Family Protection TrustSC 13G/A, 2 filings Nov 14, 2022 to Feb 14, 202455
- Thomas CalecaSC 13G/A, 2 filings Nov 14, 2022 to Feb 14, 202456
- VANGUARD GROUP INCSC 13G/A, 2 filings Feb 9, 2023 to Feb 13, 202457
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | William Santana Li | 56 | $1.1M58 | |
| 2025 | Apoorv Dwivedi | $1.0M58 | ||
| 2025 | Mercedes Soria | $788.5K58 | ||
| 2024 | ChairmanChief Executive Officer and President | $2.2M58 | ||
| 2024 | EVPChief Financial Officer and Secretary | $1.3M58 | ||
| 2024 | EVP and Chief Intelligence Officer/CISO | $711.6K58 |
Money raised
Private offerings the company reported to the SEC on Form D.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 59. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Knightscope, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARKnightscope, Inc.1
- CIK0001600983
- Employer ID (EIN)46-24825754
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)3669 Communications Equipment, NEC1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address305 North Mathilda Avenue, Sunnyvale, CA 940851
- Phone(650) 924-10251
- Shares outstanding15,947,845 Common Class A shares; 335,068 Common Class B shares as of Mar 25, 20264
- Public float$34.4M as of Jun 30, 20254
- AuditorBPM LLP, San Jose, California PCAOB ID 207; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceFeb 27, 20141
- Filings294 in all: 8-K (48), 4 (33), 3 (17), 253G2 (16), 10-Q (15), CORRESP (15), D (13), 1-U (11)1
All 44 form types
424B5 (11), UPLOAD (11), 1-A/A (9), SC 13G (7), DEF 14A (6), QUALIF (6), S-8 (6), SC 13G/A (6), 1-A (5), 1-K (5), 1-SA (5), 10-K (5), DEFA14A (4), EFFECT (4), 1-K/A (3), 10-K/A (3), SD (3), 424B3 (2), 8-K/A (2), ARS (2), PRE 14A (2), S-1 (2), S-3 (2), SCHEDULE 13G (2), SCHEDULE 13G/A (2), 1-A POS (1), 1-SA/A (1), 144 (1), 8-A12B (1), CERT (1), D/A (1), DEF 14C (1), NT 10-Q (1), PRE 14C (1), PRER14A (1), S-8 POS (1)
- Latest filingsAnnual report (10-K) Mar 27, 2026
Quarterly report (10-Q) Aug 12, 2026
Proxy statement (DEF 14A) Jul 24, 2026
Latest 8-K (8-K) Sep 22, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A Common Stock, $0.001 Par Value per Share | KSCP | Nasdaq |
From the cover page of the 10-K filed Mar 27, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Knightscope, Inc. names in Item 1A of its 10-K filed Mar 27, 2026: 41 risks under these headings, as written.4
- Risks Related to the Business and the Global Economy
- We have not yet generated any profits and anticipate that we will incur continued losses for the foreseeable future and may never achieve profitability.
- The report of our independent registered public accounting firm expresses substantial doubt about our ability to continue as a going concern, and we may not be able to continue to operate the business if we are not successful in securing additional funding.
- We expect to experience future losses as we implement our business strategy and will need to generate significant revenues to achieve profitability, which may not occur.
- Investment in new products and services may not achieve expected returns and could disrupt our ongoing business, present risks not originally contemplated and materially adversely affect our business, reputation, results of operations and financial condition.
- We are subject to potential fluctuations in operating results due to our sales cycle.
- If we are unable to acquire new customers, our future revenues and operating results will be harmed. Likewise, potential customer turnover in the future, or costs we incur to retain our existing customers, could materially and adversely affect our financial performance.
- We are subject to the loss of contracts, due to terminations, non-renewals or competitive re-bids, which could adversely affect our results of operations and liquidity, including our ability to secure new contracts from other customers.
- The failure to identify, consummate, effectively integrate or realize the expected benefits from acquisitions could adversely affect our growth and our business, financial condition, and results of operations.
- Our future operating results are difficult to predict and may be affected by a number of factors, many of which are outside of our control.
- Our financial results will fluctuate in the future, which makes them difficult to predict.
- Changes in global economic conditions, including, but not limited to, those driven by inflation, international trade restrictions and interest rates, may adversely affect customer spending and the financial health of our customers and others with whom we do business, which may adversely affect our financial condition, results of operations, and cash resources.
The other 30 risks
- Our business could be adversely affected by trade tariffs or other trade barriers.
- Adverse developments affecting the financial services industry, including events or concerns involving liquidity, defaults or non-performance by financial institutions, could adversely affect our business, financial condition or results of operations.
- We have a limited number of deployments, and limited market acceptance of our products could harm our business.
- We cannot assure you that we will effectively manage our growth.
- Our costs may grow more quickly than our revenues, harming our business and profitability.
- Any debt arrangements that we enter into may impose significant operating and financial restrictions on us, which may prevent us from capitalizing on business opportunities. A breach of any of the restrictive covenants under such debt arrangements may cause us to be in default under our debt arrangements, and our lenders could foreclose on our assets.
- The loss of one or more of our key personnel, or our failure to attract and retain other highly qualified personnel in the future, could harm our business.
- If we are unable to protect our intellectual property, the value of our brand and other intangible assets may be diminished and our business may be adversely affected.
- We may be subject to claims, disputes or legal proceedings in the ordinary course of our business. If the outcome of these proceedings is unfavorable to us, then our business, results of operations and financial condition could be adversely affected.
- We may face additional competition.
- Our ability to operate and collect digital information on behalf of our clients is dependent on the privacy laws of jurisdictions in which our ASRs operate, as well as the corporate policies of our clients, which may limit our ability to fully deploy our technologies in various markets. Actual or perceived failures to comply with applicable data protection, privacy and security laws, regulations, standards and other requirements could adversely affect our business, results of operations, and financial condition.
- Our business and operations may suffer in the event of information technology system failures, cyberattacks or deficiencies in our cybersecurity.
- We have limited experience in operating our ASRs in a variety of environments and increased interactions may lead to collisions, possible liability and negative publicity.
- Our brand, reputation and ability to attract, retain, and serve our customers are dependent in part upon the reliable performance of our products, infrastructure, and employees.
- Our failure to implement and maintain effective internal control over financial reporting may result in material misstatements in our financial statements, which could in the future require us to restate financial statements, cause investors to lose confidence in our reported financial information and could have an adverse effect on our ability to fundraise.
- The private security industry is undergoing structural changes in technology and services.
- We have a government customer and are seeking additional government customers, which would subject us to risks including early termination, audits, investigations, sanctions, or penalties.
- We are dependent on the global supply chain and have experienced supply chain constraints, as well as increased costs on components and shipping.
- Risks Related to Ownership of our Class A Common Stock
- We may not be able to comply with all applicable listing requirements or standards of The Nasdaq Capital Market, and Nasdaq could delist our Class A Common Stock.
- We will need to seek additional funds in the future.
- Our stock price may be volatile.
- We have not paid cash dividends in the past and do not expect to pay dividends in the future. Any return on investment may be limited to the value of our Class A Common Stock.
- If financial securities industry analysts cease to publish reports on us or publish unfavorable reports on us, then the market price and market trading volume of our Class A Common Stock could be negatively affected.
- Future issuances of debt securities, which would rank senior to our common equity in bankruptcy or liquidation, or future issuances of preferred stock, which would rank senior to our common equity for the purposes of dividends and liquidating distributions, may adversely affect the level of return you may be able to achieve from an investment in our Class A Common Stock.
- We are an emerging growth company, and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our Class A Common Stock less attractive to investors.
- We are subject to complex and changing laws and regulations, which expose us to potential liabilities, increased costs and other adverse effects on our business.
- Substantial future sales or issuances of our securities, or the perception in the public markets that these sales may occur, may depress our stock price.
- Increasing attention to, and evolving expectations for, ESG initiatives could increase our costs, harm our reputation, or otherwise adversely impact our business.
- Short sellers of our stock may be manipulative and may drive down the market price of our Class A Common Stock.
- Risks Related to the Event Risk Acquisition
- The Event Risk Acquisition may not achieve its intended results.
Legal proceedings
From time to time, the Company may be subject to pending legal proceedings and regulatory actions in the ordinary course of business. The Company is not presently a party to any litigation that it believes to be material and the Company is not aware of any pending or threatened litigation against the Company that it believes could have a material adverse effect on its business, operating results, financial condition or cash flows.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARLi William Santana, President
- 15SEC EDGARMallorie Sara Burak, President
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- 18SEC EDGARApoorv Dwivedi, Officer
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- 22SEC EDGARMel Torrie, Board member
- 23SEC EDGARRobert A. Mocny, Board member
- 24SEC EDGARWilliam G. Billings, Board member
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- 26SEC EDGARKristi Ross, Board member
- 27SEC EDGARLinda K. Solomon, Board member
- 28SEC EDGARPatricia Howell, Board member
- 29SEC EDGARPatricia L. Watkins, Board member
- 30SEC EDGARSuzanne Muchin, Board member
- 31SEC EDGARPeter M. Weinberg, General counsel
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- 33SEC EDGARRegulation FD disclosure
- 34SEC EDGAROther events
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- 36SEC EDGARResults of operations
- 37SEC EDGARResults of operations
- 38SEC EDGARExecutive or director change
- 39SEC EDGARCompleted an acquisition or sale
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- 41SEC EDGARShareholder vote
- 42SEC EDGARBylaws or fiscal year changed
- 43SEC EDGAROther events
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- 45NasdaqNasdaq calendar
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