AcquisitionsMay 15, 2026, 04:18 PM
Knightscope Acquires Event Risk LLC for $18M; Q1 Net Loss $(10.3)M
AI Summary
Knightscope, Inc. completed the acquisition of Event Risk LLC, a security guarding and risk mitigation services provider, for approximately $18.0 million during the first quarter of 2026. This acquisition led to the creation of a new operating segment, Knightscope Security Force. For the three months ended March 31, 2026, the company reported a net loss of $(10.3) million, an increase from $(6.9) million in the prior year, despite total revenue growing to $6.0 million from $2.9 million. The company's cash and cash equivalents decreased significantly, and management noted substantial doubt about its ability to continue as a going concern.
Key Highlights
- Acquired Event Risk LLC (Knightscope Security Force) for approximately $18.0 million.
- Net loss for Q1 2026 was $(10.3) million, compared to $(6.9) million in Q1 2025.
- Total revenue increased to $6.0 million in Q1 2026 from $2.9 million in Q1 2025.
- Service revenue grew to $4.2 million, and product revenue to $1.8 million.
- Cash and cash equivalents decreased to $11.4 million from $20.6 million as of December 31, 2025.
- Accumulated deficit reached $237.3 million as of March 31, 2026.
- Goodwill increased by $7.7 million due to the Knightscope Security Force acquisition.
- Management expressed substantial doubt about the company's ability to continue as a going concern.
Price Impact
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