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Knightscope Inc (NASDAQ:KSCP) made its public debut on Jan. 27. Shares of the security technology company were priced at $10 and opened for trading around $14 per share. The stock closed down more than 40% before finding renewed investor interest the following day and surging as high as $27.50.
'Long Knightscope, Short The Criminals': "The stock is going to go up, the stock is going to go down. We need to focus on the actual mission, which is better securing the country," Knightscope chairman and CEO William Santana Li said Wednesday on "Benzinga Live."
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Knightscope is a developer of advanced physical security technologies that aim to enhance security operations in the United States.
In order to better secure the U.S., Knightscope will need the whole nation's focus, Li said, adding that the recent attention on the stock is better than having investors show a lack of interest.
"We have the most cash on hand that we've had in the history of the company," he said. "The stock price doesn't affect the amount of money in the treasury or the employees or our clients or the technology and that's kind of where me and the entire team are really focused."
The company has remained consistent in its message that investors who back Knightscope will be helping to reduce criminal activity: "long Knightscope, short the criminals."
See Also: Knightscope Partners With Global Security And Facility Services Company
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What's Next: Now that Knightscope has successfully listed on the Nasdaq, Li said the company is focused on its clients. Knightscope plans to continue doing roadshows, raising awareness about the security advancements the company offers.
Knightscope is also focused on improving and adding more capabilities to the company's technology and recruiting in order to grow its team.
"That was the whole premise of the offering: to grow the company. And that's what we are following through on," Li emphasized.
See the full interview here:
KSCP Price Action: Knightscope has traded as low as $5.91 and as high as $27.50 since its public debut.
The stock was up 13.82% at $9.39 at the close Wednesday.
Photo: courtesy of Knightscope.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.