Hello, everyone.
We've received a good amount of positive feedback from the first quarter town hall.
So we plan to continue down this path of having a clear, easy-to-understand quarterly presentation followed by a frank and direct discussion.
As a reminder, this town hall format is intended to provide an informal forum for our nationwide audience to ask questions from Wall Street to Main Street from Silicon Valley to Washington, D.C.
If we're going to achieve our long-term mission of making the U.S.
the going in entire need country engage. country safest world, to we're the the
that directly is of part And communicating with consistently. you
the any should XX-Q course, full this recently you and figures quarterly financial regulatory are filed presented our highlights company's ir.nightscope.com. on be of read for all Of filings available report from and the today factors all context presentation Form in recent in at risk
cover to get the results, two we specific before to items. Well, right. All I financial wanted
compliance both with cleared from successfully long-term the wanted team We as it. did you an back reality. thank standing a we Knightscope mission all and good to to are extended now in supporters, integral the efficiencies helping is of moment First, NASDAQ I our part make all of Knightscope take of in a exchange. the
can't the hey, Without forward, our sky investors, limit. is we our but with investors, move the
that the action Securities to disclosure stockholders. Exchange we following conducting to our illegal through on we our To that U.S. the Knightscope in and begun of Commission conduct a legal be its believe unethical crimes. our Knightscope and formal and tortious with what Market against an manipulation, to support commitment July. the is have we investigation on is we filing investors response violations are complaint of serious process end, and potentially investors. of considering Second, in stated interference and are XXth
bad we in to markets. working to that the unfortunate in country with but hard we're communities actors have It's our safer, also deal make now financial
Okay.
year, year in from XXXX, the aggregate year, in XX% growth prior million rate we $X.X let's 'XX. reflecting said, to over get in that Last an With revenue for the the recorded numbers.
right, $XX by company's literally ended over June That's XXXX. annual the $X.X we double million only on doubling For revenue over an million the double-digit revenue of potentially the of last XXXX, approximately rate, year. run but revenue, not over growth putting us well X booked end months XXXX,
I is of the now. the often happening it's say, robots As rise happening, and
July of company of for XXth and in KXB portfolio orders Blue light million, of robots backlog new XXXX, towers, to as comprised a products, total security Boxes. related which had our million autonomous new $X.X ASRs the or related Additionally, of include the for $X.X of $X.X and orders million E-Phones approximately Call KX
$X.X report and the first the quarterly revenue million quarter, first our $X.X over year, 'XX, revenue months the increased booked second the of recorded quarter-over-quarter of to in we for increase. XX% During that quarter we X million and I'm in during and performance pleased
reduce approximately breakeven the loss for to our as Our $X.X the X.X%. or million costs the gross pave margins of ongoing reflected efforts to for or the to a profit has to profitability. profit marks and during a We effect. level, $X,XXX now at gross 'XX company slightly of of path we to begun quarter quarter than improve better X% second gross gross first Reaching our a about negative significant take milestone also continue
dramatically from base and sales moved negative negative of continued percentage driver A to units XXXX a X%. margins across margins due healthy is significant to our KXB maintenance X-month over improvement XXXX, to from a XX% services On product to gross nationwide. X,XXX installed attributed basis a this of
will months believe with X first we posted for the As be of pleased are results and the this year, year. financial that Systems last communicated we acquisition we accretive, Case of Emergency the
begun servicing results. cost to ASRs Our contributed to yield has continued on and focus producing decreasing our
we the set As a or unique Service as creates circumstances. stated, MaaS Machine often model a business of
can as produce revenue business recurring a stream, But to leverage out provide fixed model. certain we also is with over basis eventually our fixed the technology units and highly and Knightscope strong costs provides revenue only model requires more for complex, cost subscription spread more the not predictable we be scale, operate. While those a it
societal scale, problem. we to significant end reiterate, revenue will to to common half a significantly common continues a additional loss business Comparing Knightscope first half $X.XX XXXX. delivers recurring company a to from the model per And of a the 'XX plan a we profitability share margin share part to believe As of reach improvements $X.XX by on share. of 'XX, continue per our basis, first recurring improved per loss as for
and continue fixed As scale we company, and sales is the drive allow and leverage to economies pipeline sales we grow, to prior base. noted, healthy our cost growing us we believe increasing better plan of our will
supply yet completely believe more subside, not lead which improve to revenue will Although aid and timely in to us much enabling begun reducing chain addressed, in also flow the have some a times, issues cash recognize of manner. we
was disclosed, acquisition our Our and million, the cash quarter XXXX on of at portion in at We'll investors, town and the convertible quarter secured hand end and the approximately notes Also, previously the was million. second $X questions from for the new million $X.X end cash hall of $X.X now of the XXXX. long-time as of connection the end equivalents of with the second institutions XXXX approximately cash of to investors, by transition our were fully extinguished of retail of analysts. Case the live
you. Thank