Knightscope Books 3 New Sales, Stock Up

Sensio Recalls 860K Electric And Stovetop Pressure Cookers

Sensio has recalled about 860,00 electric and stovetop pressure cookers due to the risk of getting burned.

According to the Consumer Product Safety Commission, the pressure cooker’s lid can unlock and be removed during use, causing the hot contents to unexpectedly splash out, posing a burn hazard to consumers.

The recall involves Bella, Bella Pro Series, Crux, and Cooks electric pressure cookers, and Bella stovetop pressure cookers. The stainless-steel electric pressure cookers are six-, eight-, and 10-quart capacity. The stovetop pressure cookers are five-, eight-, and 12-quart capacity. Further details can be found on CPSC website.

The company said Sensio has received 63 reports of incidents, including 61 burn injuries, some of which involved second and third degree burns to the face, torso, arms, and hands.

The company has asked consumers to immediately stop using the recalled pressure cookers and contact Sensio for a refund.

JCPenney, Kohl’s, Lowe’s, Macy’s and Target stores nationwide, and online at Amazon.com and other websites from September 2015 through September 2020 for between $30 and $70 for the electric pressure cookers and for between $8 and $18 for the stovetop pressure cookers.

1 Earnings Report Due Before Markets Open Friday, August 11

Before U.S. markets open Friday morning, just 1 company is scheduled to report quarterly earnings results. No reports are scheduled for release Friday afternoon.

The following table is based on data from Briefing.com and includes a consensus forecast in dollars for quarterly earnings per share and EPS reported last year, and the consensus forecast for quarterly revenue in thousands of dollars. Companies marked with an asterisk have not confirmed the date.

CompanyTickerConsensus EPSYear-ago EPSConsensus Rev (000s)
Spectrum BrandsSPB0.480.54785.39

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Kopin Corp Q2 Loss increases, misses estimates

Kopin Corp (KOPN) reported Loss for its second quarter that increased from the same period last year and missed the Street estimates.

The company’s earnings came in at -$8.18 million, or -$0.07 per share. This compares with -$5.65 million, or -$0.06 per share, in last year’s second quarter.

Analysts on average had expected the company to earn -$0.02 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 12.2% to $10.46 million from $11.91 million last year.

Kopin Corp earnings at a glance (GAAP) :

-Earnings (Q2): -$8.18 Mln. vs. -$5.65 Mln. last year.
-EPS (Q2): -$0.07 vs. -$0.06 last year.
-Analyst Estimate: -$0.02
-Revenue (Q2): $10.46 Mln vs. $11.91 Mln last year.

Oil Futures Settle Sharply Lower On Demand Concerns

Oil prices fell from multi-month highs on Thursday amid concerns about the outlook for oil demand from China.

The latest data from China showed crude oil imports fell 2.412 million barrels per day month-on-month to a sixth-month low of 10.429 million barrels.

Meanwhile, data showing consumer price inflation in the U.S. accelerated less than expected in the month of July raised hopes the Federal Reserve will likely hold interest rates unchanged at its September meeting.

West Texas Intermediate Crude oil futures for September ended down $1.58 at $$82.82 a barrel.

Brent crude futures settled at $86.40 a barrel today, down $1.15 or about 1.3% from the previous close.

“Crude prices are softening as energy traders await to see what happens with some of the supply side risks,” said Edward Moya, Senior Market Analyst at OANDA. “With OPEC+ doing whatever it takes to keep crude prices supported, the oil market might see a 2-million barrel supply deficit this quarter.”

Moya added, “oil has had a nice run up, but some of that was the Russian-Ukraine conflict which has yet to lead to a meaningful disruption of Russian oil shipments. Oil prices are likely to head higher, so any dips will likely be bought into.”

Knightscope Books 3 New Sales, Stock Up

Shares of Knightscope, Inc. (KSCP) which develops autonomous security robots (ARS), are up 11% on Thursday after the company announced three new sales for a third-party logistics (“3PL”) provider in the Midwest; a Central-US regional transit authority; and a country club in the Northeast.

KSCP is trading on the Nasdaq at $1.40, up 11.11% or $0.14 per share. It has traded between $0.36 and $3.87 in the past 52-week period.

The 3PL provider has expanded its K5 ASR contract to include a second machine at a second location it operates for a major appliance manufacturer after the success of its original deployment in Louisville, KY.

The regional transit company is set to test emergency communications of its first K1 Blue Light E-Phone along its public transportation bus route in Arkansas which will be installed by a Knightscope reseller. The company said that 50 more will be added at bus stops citywide if the test is successful.

A private golf club in Maryland has purchased a full-service maintenance plan from Knightscope for the maintenance of black wireless call boxes called “Golf Boxes” which are equipped with two buttons, one for ordering burgers and the other for emergencies.

No financial terms were disclosed.