SoundThinking, Inc. reports developments in public safety technology for law enforcement, civic leadership, and security professionals. The company’s SafetySmart platform includes ShotSpotter acoustic gunshot detection, CrimeTracer crime-data search and investigative lead generation, CaseBuilder investigation management, ResourceRouter resource-deployment software, SafePointe AI-based weapons detection, and PlateRanger powered by Rekor for automatic license plate recognition.
Recurring news includes quarterly and annual financial results, revenue guidance, product upgrades, customer and agency adoption, go-to-market leadership changes, and operational investments supporting SafePointe alert review. Company updates also address investor conference participation and the expansion of AI- and data-driven capabilities across the SafetySmart portfolio.
SoundThinking (Nasdaq: SSTI) reported third-quarter 2026 revenue of $25.0 million, nearly unchanged from the same quarter a year earlier. Gross profit fell 13% to $11.9 million, with margin declining to 48% from 54%. GAAP net loss widened to $8.5 million, or $0.64 per share, from $2.0 million, or $0.16 per share. Adjusted EBITDA, a non-GAAP earnings measure, fell to $2.2 million from $3.5 million.
Affiliates of Transom Capital Group agreed to acquire SoundThinking through a tender offer for $8.00 per share in cash plus one non-transferable contingent value right worth up to $3.00 per share. SoundThinking expects closing in the fourth quarter of 2026, subject to conditions including a majority of outstanding shares being validly tendered; it would then become private. At September 30, cash was $9.5 million, debt was $4.0 million and approximately $36.0 million remained available on its credit facility.
SoundThinking (SSTI) announced a CrimeTracer agreement supporting deployment to up to 10 law enforcement agencies participating in the Texas Anti-Gang Program. SoundThinking describes the agreement as CrimeTracer's largest deal to date. The deployment is funded through a TAG grant from the Texas Office of the Governor and expands access to investigative intelligence across participating centers.
The expansion builds on existing deployments supporting Harris County and the City of Houston. SoundThinking expects the deployment to reduce time spent searching separate systems and improve coordination across jurisdictions.
SoundThinking (SSTI) announced new evidence integrity, outcomes tracking and auditing capabilities for its PlateRanger license plate recognition system, powered by Rekor.
PlateRanger Outcomes is now available and connects alerts to results such as recovered vehicles and cases assisted. Enhanced auditing covers administrative and configuration activity. GoSecure, an upcoming capability for PlateRanger Edge Max cameras and cameras powered by Axis Agent, is intended to authenticate video at capture. Agencies retain ownership of their data and control sharing policies. Existing incident-based retention technology allows different retention periods based on investigative relevance.
SoundThinking (SSTI) announced general availability of its SafetySmart Field Agent artificial intelligence assistant for all ShotSpotter agencies, following its beta program. Access is available at no additional charge for up to 20 users per agency during the first year. The assistant lets personnel query ShotSpotter data and generate analysis and draft briefings.
The company is developing reusable task instructions and testing additional agency data sources. A planned CrimeTracer integration would extend access to investigative information, with beta availability planned for November and general availability targeted for early 2027. Interpretation, validation and operational decisions remain with authorized personnel.
SoundThinking (SSTI) is the subject of Transom Capital’s commenced tender offer to acquire all outstanding common shares for $8.00 per share. Shareholders would also receive one non-transferable contingent value right per share, potentially paying up to $3.00 in cash if specified revenue milestones are achieved. The cash price represents a 46% premium to SoundThinking’s September 28, 2026 closing share price.
SoundThinking’s board unanimously recommends tendering. The offer is scheduled to expire one minute after 11:59 p.m., New York City time, on November 17, 2026, unless extended or earlier terminated. Completion requires validly tendered, unwithdrawn shares, together with Transom’s holdings, to represent at least one share more than 50% of outstanding shares. Following successful completion, remaining shares would be acquired through a second-step merger for the same consideration.
SoundThinking (SSTI) agreed to be acquired by Transom Capital Group through a tender offer paying $8.00 per share in cash.
Shareholders would also receive one non-transferable contingent value right (CVR) for up to $3.00 per share, tied to revenue from ShotSpotter and SafePointe. The upfront price is 46% above SoundThinking's September 28, 2026, closing share price. The implied enterprise value is approximately $114 million at the upfront price and approximately $159 million if the maximum CVR pays. The board unanimously approved the agreement, and holders of approximately 33% of outstanding common stock agreed to tender their shares.
The offer has not begun. Closing is expected in the fourth quarter of 2026, subject to at least a majority of outstanding shares being validly tendered and other closing conditions. If completed, untendered shares will receive the same consideration in a subsequent merger, and SoundThinking will become private.
SoundThinking (Nasdaq: SSTI) reported second quarter 2026 revenue of $23.9 million, down 8% from $25.9 million a year earlier, mainly due to approximately $2.2 million of non-renewals or delayed renewals and $0.9 million lower catch-up revenue, partly offset by $1.1 million from new bookings and expansions.
Gross profit fell to $11.5 million, or 48% of revenue, from $13.8 million and 53%. GAAP net loss widened to $4.8 million, or $(0.37) per share, versus $3.1 million, or $(0.24) per share. Adjusted EBITDA declined to $1.2 million (5% margin) from $3.4 million (13%).
For 2026, the company cut revenue guidance to $99.0–$100.0 million (from $109.0–$111.0 million) and lowered Adjusted EBITDA margin guidance to 8%–9% (from 16%–18%). ARR is now expected to increase from $95.4 million to over $100.0 million by early 2027, versus prior guidance of $110.0 million. Cash stood at $6.4 million, with $4.0 million of debt and about $36.0 million available on its credit facility.
SoundThinking (Nasdaq: SSTI) will release its second quarter 2026 financial results for the period ended June 30, 2026 after the market closes on Thursday, August 13, 2026. The company will hold a live conference call and webcast at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) that day to discuss its results and outlook, accessible via its Investor Relations website or by U.S. and international dial-in numbers.
SoundThinking (Nasdaq:SSTI) announced several multi-year customer renewals for its ShotSpotter and CrimeTracer solutions in Q2 2026, including major agencies in Albuquerque, Worcester, Richland County, Macon-Bibb County and Peoria, plus Massachusetts State Police.
These agreements total over $23 million in contract value and include a Fayetteville, NC ShotSpotter renewal funded within the city’s $324 million fiscal 2027 budget, extending coverage through 2029.
SoundThinking (Nasdaq:SSTI) released its fifth annual ESG Report, “For Greater Public Safety,” covering 2025 activities. The report details AI-driven public safety solutions, community engagement, governance and security controls, and environmental initiatives.
Highlights include platform usage metrics, SOC 2 Type 2 completion, CJIS transition progress, and expanded Fish Bombing Prevention work.