Welcome to our dedicated page for SoundThinking news (Ticker: SSTI), a resource for investors and traders seeking the latest updates and insights on SoundThinking stock.
SoundThinking, Inc. (Nasdaq: SSTI) is a public safety technology company that regularly issues news and updates about its AI- and data-driven solutions for law enforcement, civic leadership, and security professionals. The company’s news releases cover developments across its SafetySmart platform, which includes ShotSpotter, CrimeTracer, CaseBuilder, ResourceRouter, SafePointe, and PlateRanger.
Investors and public safety professionals following SoundThinking’s news can expect detailed announcements on quarterly financial results, including revenues, gross profit, net loss, Adjusted EBITDA, and Annual Recurring Revenue (ARR). The company uses these updates to explain its operating performance, recurring revenue base, and investments in AI modeling and tools that enhance its platform capabilities.
Product-focused news often highlights enhancements to key offerings. For example, SoundThinking has announced CrimeTracer Gen3 as the most significant upgrade in that product’s history, describing how it connects more than 1 billion CJIS-compliant records and introduces features such as automated patrol briefings, a patrol dashboard, a trends dashboard, enhanced natural language search, AI summarization, and entity summary pages. Other releases describe the growth of SafePointe, the AI-based weapons detection system, and the role of the Alert Review Center in providing real-time human review of alerts.
Corporate and capital markets updates appear in the form of conference participation notices, earnings call schedules, and disclosures about amendments to credit agreements. These items inform readers about SoundThinking’s interactions with investors, its revolving credit facilities, and the timing of key financial communications.
This news page aggregates these various announcements so readers can track SoundThinking’s financial reporting, product evolution, deployments with agencies and institutions, and broader public safety technology initiatives over time.
ShotSpotter, Inc. (NASDAQ: SSTI) reported a 28% increase in third-quarter revenues, totaling $14.5 million, up from $11.4 million year-over-year. However, the company reported a net loss of $949,000 or $(0.08) per share, a decline from a net income of $566,000 in Q3 2020. Gross profit rose 25% to $8.0 million, but margins decreased due to higher operating expenses, which totaled $8.9 million. The company reaffirmed its 2021 revenue guidance of $60 million to $61 million and projected fiscal 2022 revenues of $71 million to $73 million.
ShotSpotter, Inc. (NASDAQ: SSTI) will host a conference call on November 9, 2021, at 4:30 p.m. Eastern time to discuss its third-quarter financial results for the period ending September 30, 2021. The call will occur following the issuance of a press release detailing the financial results. Participants can join the call via U.S. dial-in at 1-855-327-6838 or internationally at 1-604-235-2082, using Conference ID 10016897. A live audio webcast will also be available online. A replay of the call will be accessible post-event until December 9, 2021.
On October 12, 2021, ShotSpotter filed a defamation complaint against VICE Media seeking damages over $300 million. The complaint alleges that VICE misrepresented court records and falsely accused ShotSpotter of illegal conduct during a podcast and in social media content. ShotSpotter claims its forensic evidence, used in over 190 court cases, has never been altered or fabricated. The company asserts that VICE refused to retract its claims after being presented with factual evidence. A press conference discussing the complaint is set for today at 1:00 PM EST.
ShotSpotter, a leader in precision policing technology, has been invited to present at the 10th Annual Gateway Conference on September 9, 2021, at 10:30 a.m. PT. The conference will be held virtually, with one-on-one meetings available throughout the event. ShotSpotter's solutions, including ShotSpotter Respond and ShotSpotter Investigate, are utilized by over 120 U.S. cities to enhance crime response and investigation. The presentation will be webcast live and available for replay.
ShotSpotter, Inc. (NASDAQ: SSTI) reported a 30% increase in revenues to $14.6 million in Q2 2021, up from $11.3 million in Q2 2020. Despite this growth, the company faced a net loss of $250,000 compared to a net income of $866,000 in the prior year. Gross profit rose by 20% to $8.3 million, though margins decreased to 57% of revenues. Adjusted EBITDA fell to $2.9 million. The company maintains 2021 revenue guidance of $60-$61 million, projecting a 32% growth year-over-year, alongside expected GAAP profitability.
ShotSpotter is collaborating with Anti-Trafficking International (ATI) to launch the National Human Trafficking Intelligence Center (NHTIC) in response to the alarming rise in human trafficking cases, which has seen an 846% increase in suspected child sex trafficking reports between 2010 and 2015. ShotSpotter will implement its Investigate™ solution to streamline case management for NHTIC, enhancing multi-agency collaboration. This initiative aims to bolster law enforcement's ability to identify and rescue trafficking victims while disrupting criminal networks.
ShotSpotter, Inc. (NASDAQ: SSTI) will hold a conference call on August 10, 2021, at 4:30 p.m. ET to discuss its second-quarter financial results for the period ending June 30, 2021. A press release with the financial data will be issued prior to the call. The presentation will be followed by a Q&A session. The call can be accessed via a U.S. dial-in number and an international dial-in. A replay will be available from 7:30 p.m. ET on the same day until September 10, 2021. ShotSpotter provides precision policing technology solutions to enhance law enforcement effectiveness.
ShotSpotter, a leader in precision policing technology, has responded to VICE allegations from July 26, 2021, claiming its evidence is unreliable. ShotSpotter asserts that its forensic reports are 100% reliable, with a 97% accuracy rate for real-time gunshot detection based on customer feedback from 2019 and 2020. The company emphasizes that its processes for detection and forensic analysis are separate and rigorous, ensuring evidence integrity. ShotSpotter has successfully defended its evidence in 190 court cases across 20 states and will challenge false claims that undermine its mission to combat gun violence.
ShotSpotter, Inc. (NASDAQ: SSTI) has appointed Ambassador Roberta Jacobson to its board of directors, effective July 19, 2021. With over 30 years in diplomacy and public service, Jacobson is expected to enhance ShotSpotter's global expansion. She previously served as the U.S. ambassador to Mexico and held key positions in the National Security Council. CEO Ralph A. Clark emphasized Jacobson's leadership qualities as valuable for the company's mission to improve public safety. ShotSpotter's technology is used by more than 120 cities to combat crime effectively.
ShotSpotter, Inc. (NASDAQ: SSTI) has opened a new satellite office in Washington, D.C., which includes an Incident Review Center (IRC) for monitoring gunfire. This facility, aimed at enhancing law enforcement's response to gun violence, is strategically located near federal agencies. The IRC, staffed by acoustic experts, processes gunfire alerts within 60 seconds. ShotSpotter's President emphasizes the company's commitment to using technology to combat gun violence effectively. This expansion strengthens connections with law enforcement and reflects D.C.'s role as a tech hub.