Knightscope, an advanced security technology company that builds fully autonomous security robots that deter, detect and report, has raised an interesting question: How Big Could Knightscope Get? In a recent update, the company provided information regarding the top six major verticals in the guarding business along with the estimated total number of guards in each space: In sixth place is corporate campuses with 12,000 guards; fifth is casinos, with more than 59,000 guards employed; healthcare ranks fourth, with 193,000 guards; commercial real estate follows in third place with more than 260,000 guards; manufacturing and logistics employs almost 271,000 guards, placing it second; and the top industry relying on guards is the federal government, which keeps an estimated 380,000 guards hard at work. Knightscope has deployed its Autonomous Security Robots (“ASRs”) in each of these six sectors, and the company is signing new contracts all the time, an impressive indication of growth, especially during a pandemic. In the update, Knightscope raises some interesting questions about these six verticals — and the future of the company. Those questions include the following:
- How big could a recurring revenue business model for a recurring societal problem grow to be over time?
- If Amazon has 200,000 robots already in service in its own facilities today, what does the future hold for robotics over the next 10 years?
- If on average Knightscope would be able to generate $75,000 of revenue per machine per annum on its Machine-as-a-Service business model, and there are more than 1 million guards just in the United States, how should the company think about the overall sizing of the opportunity in terms of top-line revenue?
To view the full update, visit https://ibn.fm/DpOPG
About Knightscope Inc.
Knightscope is an advanced security technology company based in Silicon Valley that builds fully autonomous security robots that deter, detect and report. The company’s long-term ambition is to make the United States of America the safest country in the world. For more information about the company, please visit www.Knightscope.com.
NOTE TO INVESTORS: The latest news and updates relating to Knight are available in the company’s newsroom at https://ibn.fm/Knight
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