Knightscope (NASDAQ: KSCP) announced on Thursday that it has secured approximately $27 million in estimated renewals, bookings, and client awards across 109 contracts and awards in seven vertical markets from May 20 through September 18, 2026. The figure, which is not a measure of revenue, backlog, or remaining performance obligations under generally accepted accounting principles, highlights the company's momentum in the security technology sector.
Renewals accounted for approximately $19.6 million, or 72% of the total, while new business contributed approximately $7.5 million, or 28%. The largest renewal was a three-year master services agreement with a multinational industrial client, estimated at approximately $17 million over the initial term based on current service levels. The largest new engagement was a written client award from a national retailer valued at approximately $5.8 million.
By sector, Industrial, Energy, and Security Services represented approximately $18.7 million across 43 contracts and awards, while Retail and Consumer accounted for approximately $6.5 million across 11. The update follows the launch of Knightscope's Autonomous Security Force at GSX 2026, which combines autonomous machines, AI-driven software, and licensed security agents into a single operation.
The significance of these figures lies in their composition: a high renewal rate suggests strong client retention and satisfaction, while the new business indicates market traction. For investors, the news offers a gauge of demand for Knightscope's managed security services, though the company cautions that the metric is not a financial measure under GAAP. The concentration in industrial and retail sectors also points to where autonomous security solutions are gaining the most ground.
Knightscope's long-term mission is to make the United States the safest country in the world, and the latest numbers suggest that mission is resonating with a diverse set of clients. The company's newsroom, available at https://ibn.fm/KSCP, provides ongoing updates. For a full view of the press release, visit https://ibn.fm/Xm748.
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