Knightscope: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Knightscope (NASDAQ:KSCP) reported Q3 earnings with an EPS of $-0.11, missing estimates by 22.22% compared to the expected $-0.09. Revenue increased by $2.03 million from the same period last year. Despite beating EPS estimates last quarter, the stock price fell by 6.38% the following day.
November 13, 2023 | 3:00 pm
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NEGATIVE IMPACT
Knightscope reported a larger than expected loss per share for Q3, missing estimates by 22.22%, but showed an increase in revenue compared to last year.
The negative earnings surprise could lead to a short-term negative impact on KSCP's stock price, as historical performance shows a drop following last quarter's earnings beat. The increase in revenue may provide some cushion, but the miss on earnings is likely to weigh more heavily on investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100