Knightscope: Slow Rise Of The Robots (Rating Upgrade)
Knightscope has started announcing a long list of new contracts with a large amount of machine orders. The autonomous security robots offer a promising business model, but the company has so far failed to generate material financial results. The stock isn't appealing at this valuation closer to 10x sales until the company can start topping financial targets with material organic growth. This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » As the world moves towards autonomous vehicles and robots, Knightscope ( NASDAQ: KSCP ) offered one of the most promising investment options in the space. Unfortunately, the company came out extremely promotional while lacking contracts in scale to build a meaningful business. My investment thesis is shifting Neutral on the company following the announcement of a long list of new contracts. Read the full article on Seeking Alpha. Disclosu...