Knightscope Inc. (NASDAQ:KSCP) shares rose 6.4% on Wednesday after the security technology firm announced it had surpassed the $1 million mark in combined new contracts and client renewals.

The milestone reflects strong momentum across the company’s Emergency Communication Device (ECD) and Autonomous Security Robot (ASR) segments, underscoring expanding adoption of its technology-driven safety solutions.

Knightscope reported more than 60 new ECD sales across a diverse set of clients, including universities, hospitals, municipalities, and homeowners’ associations. The company also renewed hundreds of existing ECD units, reinforcing its recurring revenue base.

In its ASR business, Knightscope secured eight new Machine-as-a-Service (MaaS) contracts—seven for residential multifamily properties and one for a higher education institution. Additionally, the company renewed seven ASR subscriptions across industries such as healthcare, gaming, commercial real estate, and manufacturing.

Knightscope said the achievement continues a string of recent monthly milestones, reflecting growing market demand for its AI-powered physical security technologies.

The company’s emphasis on its MaaS model has also strengthened its predictable and recurring revenue streams, a trend that investors appeared to reward following Wednesday’s update.

Knightscope stock price

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