SoundThinking Inc Stock Price, News & Analysis

ShotSpotter (SSTI) reported a strong financial performance for Q1 2021, achieving a 44% year-over-year revenue increase to $15.0 million, up from $10.5 million in Q1 2020. Gross profit also rose by 42% to $8.7 million, maintaining a gross margin of 58%. Net income reached $79,000, and adjusted EBITDA rose 53% to $3.3 million. The company expanded its services in six new cities and raised its full year revenue guidance to $60-61 million. This reflects a solid outlook amid increased demand for precision policing solutions.

ShotSpotter, Inc. (Nasdaq: SSTI) has launched ShotSpotter Investigate, an automated case management solution aimed at enhancing law enforcement investigation processes. The solution integrates with existing technology, such as the company's gunshot detection system, facilitating quicker case resolution and improved clearance rates. The FBI reports less than 50% clearance for violent crimes, highlighting the need for better investigative tools. ShotSpotter's platform aims to assist over 100 U.S. cities and federal agencies, replacing outdated manual case management systems.

ShotSpotter, Inc. (SSTI) will host a conference call on May 11, 2021, at 4:30 p.m. ET to discuss its Q1 financial results for the period ending March 31, 2021. The call will be led by management, followed by a Q&A session. Interested participants are encouraged to join five minutes early. A live audio webcast will also be available on the company’s investor relations page. The replay will be accessible post-call through June 11, 2021.

ShotSpotter, Inc. (NASDAQ: SSTI) has introduced the ShotSpotter SiteSecure™ for Retail program, which enhances outdoor gunfire detection for retail sites amid a 40% spike in violent incidents in 2020. The system alerts security personnel within seconds of gunfire, providing crucial information for a timely response. ShotSpotter data indicates a 42% rise in retail area shootings from 2019 to 2020. The program aims to create a safer shopping environment and integrates seamlessly with existing security technologies. ShotSpotter continues to partner with authorities to promote retail safety.

On March 23, 2021, ShotSpotter, Inc. (NASDAQ: SSTI) announced it will host virtual Investor Days on March 30 and April 1, 2021, from 12:00 p.m. to 2:30 p.m. Pacific Time. The executive management team will present the company's advancements in precision policing technology, aimed at enhancing law enforcement's effectiveness. A live video webcast and slide presentation will be available on the investor relations page of the company's website, with a replay accessible afterward.

ShotSpotter's technologies, used by over 100 U.S. cities, include ShotSpotter Respond™, ShotSpotter Connect™, and the upcoming ShotSpotter Investigate™.

ShotSpotter, Inc. (NASDAQ: SSTI) will participate in the 33rd Annual Roth Conference from March 15-17, 2021. The conference will be held virtually, with recorded presentations available for review. Management is scheduled for one-on-one meetings with institutional investors and analysts during the event. ShotSpotter provides precision policing solutions, helping law enforcement respond to crime effectively, with its flagship products including ShotSpotter Respond™ and ShotSpotter Connect™. For inquiries, contact ShotSpotter's IR team.

ShotSpotter (SSTI) reported a 12% revenue increase to $45.7 million in 2020, with a 16% rise to $12.6 million for Q4. Despite a net loss of $220,000 in Q4, adjusted EBITDA remained stable at $3.1 million. Gross profit rose to $27.0 million (59% of revenues), but margins were impacted by equipment write-offs and rising maintenance costs. The company acquired LEEDS for $15 million, bolstering its service suite. For 2021, SSTI projects revenues of $58-60 million and reaffirms GAAP profitability.

ShotSpotter, Inc. (NASDAQ: SSTI) will hold a conference call on February 25, 2021, at 4:30 p.m. Eastern time to discuss its Q4 and full-year financial results for 2020. The call will follow the release of financial results earlier that day. Participants can join via a U.S. dial-in number or an international dial-in. A replay will be available post-call until March 25, 2021. ShotSpotter is known for its innovative policing solutions, including ShotSpotter Respond™, that support over 100 U.S. cities in crime response and investigation.

ShotSpotter Launches New Program for Outdoor Security

On January 21, 2021, ShotSpotter (Nasdaq: SSTI) announced a program to enhance security at government campuses nationwide. This initiative follows the January 6 Capitol assault, addressing rising threats against public officials and citizens. The SecureCampus program utilizes advanced acoustic gunshot detection technology similar to the established ShotSpotter Respond™ system. Key features include rapid incident verification, customized security solutions, and integration with existing security systems, aimed at effectively mitigating threats and improving public safety.