Knightscope Inks Additional Contract With Existing Hospital Client

Knightscope, Inc. KSCP signed another contract with an existing hospital client. Cross-selling is selling an additional product or service to a current client. Financial terms were not disclosed.
The new contract will utilize a K5 Autonomous Security Robot to patrol the parking lots of a 206-bed medical center that serves as a care facility for nearly 3 million healthcare members throughout Northern California.
The client has identified six potential additional cross-selling opportunities.
Price Action: KSCP shares are trading lower by 4.03% at $5.16 on the last check Monday.