Why is Knightscope Inc (KSCP) Stock down?
Knightscope Inc Stock (KSCP) dropped by 7.05% from $0.699 to $0.6497 in the trading on Tuesday November 14, 2023. The reason why KSCP stock down today is due to its Q3 earnings results. Knightscope (KSCP) reported third quarter EPS of $-0.11, worse than the analyst estimate of $-0.10. Revenue for the quarter came in at $3.32M versus the consensus estimate of $2.9M. The EPS figure below the consensus worried the investors, causing KSCP stock down today.
Knightscope Inc Stock (KSCP) dropped by 5.99% from $0.8350 to $0.7850 in the trading on Wednesday October 25, 2023. The reasons why KSCP stock down today is due to the announcement of bond offering. Knightscope is offering a $10 million public safety infrastructure bond, enabling retail investors to join the fight against crime while earning a return on their investment. This non-dilutive funding source will support Knightscope's continued growth and expansion.
Knightscope Inc (KSCP) declined 23.1% from $2.16 to $1.66, triggered by a critical report from Capybara Research. The report raises concerns about the company’s financial situation, specifically highlighting the possibility of extensive dilution and a negative cash position.
https://beststocks.com/knightscope-faces-stock-decline-and-criticism/
Shares of Knightscope Inc (KSCP) were down 26.7% from $0.6999 to $0.5133 after the company announced that it has extinguished $6.075 million in convertible notes.