Knightscope has amended its At-the-Market (ATM) offering prospectus to increase the total amount of Class A common stock it intends to sell to $35,000,000. The filing, which supplements a base prospectus dated April 11, 2025, allows the security automation firm to raise additional capital through its ongoing sales agreement with H.C. Wainwright & Co., LLC.

The amendment expands the authorized offering by $32,495,466.64 beyond the amount previously authorized under the July 18, 2025 ATM Prospectus Supplement. This brings the total new authorization to $35 million, consisting of $2,504,533.36 from the prior supplement and the newly added funds.

Offering Details

The shares are being offered pursuant to an At-the-Market Offering Agreement dated February 1, 2023. Under this arrangement, H.C. Wainwright acts as the sales agent or principal. The Class A common stock carries a par value of $0.001 per share.

Historical Sales Context

Since inception of the current sales agreement, Knightscope has already sold an aggregate of $47,495,466.64 worth of Class A common stock through the sales agent. The new amendment does not affect these previously sold shares but adds to the pool of shares available for future issuance.

The registration statement associated with this offering is filed on Form S-3 (File No. 333-286404). The prospectus supplement must be read in conjunction with the base prospectus and is not complete without it.

Knightscope Inc. (NASDAQ: KSCP) reported record second-quarter 2026 revenue of $9 million, a 228% increase from $2.7 million in the same period last year. The security technology firm achieved a positive gross margin for the second consecutive quarter, driven by the integration of its Security Force acquisition and growth in core autonomous security robot (ASR) subscriptions.

Financial Performance

Revenue growth was primarily fueled by the full-quarter contribution from the Security Force acquisition, alongside continued expansion in ASR subscriptions and access control device (ACD) deployments. This marks two consecutive quarters of triple-digit year-over-year revenue growth for the company.

Gross margin improved to $0.7 million, or approximately 7% of revenue, compared to a gross loss of $0.9 million in the prior-year period. Management attributed this structural improvement to the accretive nature of the Security Force acquisition and margin expansion across technology product lines.

Operating expenses rose to $13.8 million from $5.4 million a year ago, reflecting increased investments in research and development (R&D) for next-generation technologies, higher headcount, and integration costs. Despite the expense increase, the acquisition added higher-margin revenue that leveraged existing operating infrastructure.

The net loss widened to $14.1 million, or $0.79 per share, from $6.3 million, or $0.90 per share, in Q2 2025. This deterioration was driven by higher operating expenses and approximately $1 million in other expenses related to the fair value change of contingent consideration (earn-out) from the recent acquisition.

What the Numbers Show

While top-line growth is accelerating, profitability remains distant due to heavy operational spending. Operating expenses ($13.8 million) were more than 15 times the gross profit ($0.7 million) generated in the quarter. This divergence highlights that while the integrated service model is generating positive gross margins, the fixed cost base required for R&D and corporate infrastructure has not yet scaled proportionally with revenue. The company’s cash position of $8.2 million remains flat compared to the prior year, indicating that current cash generation is insufficient to cover the widening net losses without external capital or further operational leverage.

Strategic Outlook

Knightscope serves 434 clients across 42 states. The company emphasized its strategy of blending hardware, software, and human agents into a single managed service. Management targets a blended gross margin of 50-60% over time through this integrated approach.

Key strategic initiatives include:

• K7 Robot: Passed alpha prototype review; initial deployments planned for Q4 2026.
• Signals Platform: A new software orchestration tool combining 3D digital twin technology with AI agents.
• Security Force Integration: Continued cross-selling of technology to the acquired firm’s client base and human services to existing tech clients.

CEO William Santana Li highlighted upcoming milestones, including the launch of the autonomous security force at GSX 2026 in September and initial K7 deployments in the fourth quarter. The company also noted strong interest in its H1 wearable technology for augmented security agents.