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Knightscope just released their quarterly earnings for Q2. The SEC requires a company to release their financials ever month. Unlike their press releases, the SEC filings are just the facts without all of the fluff.
Let's just compare the big, important numbers vs. Q2 of last year.
Revenue is down! ($3.2M down from $3.6)
Cost of revenue is up! ($3.8M vs. $3.6)
Expenses are up! ($6.2M vs. 6.0)
They lost more than twice what they sold. Loss from operations of $6.8M on $3.2M in revenue.
They aren't growing. They are very, very far from profitability and they aren't getting any closer.
The cost saving measures they promised haven't saved costs, and all the sales announcements they made were for less sales than last year.
You can find the entire report here: https://www.sec.gov/ix?doc=/Archives/edgar/data/0001600983/000155837024012268/kscp-20240630x10q.htm
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