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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.
ShotSpotter, Inc. (NASDAQ: SSTI) will host a conference call on February 22, 2022, at 4:30 p.m. ET to discuss its fourth quarter and full-year financial results for 2021. The results will be released prior to the call. Interested participants can join the call by dialing in at the provided numbers, and a live audio webcast will be available. Following the presentation, there will be a question-and-answer session. A replay of the call will be accessible after the event through March 22, 2022.
ShotSpotter, Inc. (NASDAQ: SSTI) will participate in the 24th Annual Needham Virtual Growth Conference from January 10-14, 2022. The company's management is set to present on January 13 at 2:45 p.m. Eastern time, and the presentation will be available for replay. ShotSpotter specializes in precision policing technology, helping law enforcement improve crime response and investigation. Its products are used by over 120 U.S. cities, including ShotSpotter Respond™, Connect™, and Investigate™.
Airobotics and ShotSpotter have signed an exclusive agreement allowing Airobotics to sell and deploy ShotSpotter's gunshot detection technology in Israel. This partnership aims to enhance public safety by enabling real-time detection and response to gunfire incidents, using UAVs equipped with live video capabilities from Airobotics. The collaboration comes amid rising concerns over illegal firearms in Israel, with notable statistics indicating that a majority of shooting cases remain unresolved. This integrated system promises to improve law enforcement's ability to respond effectively to gun violence.
On December 13, 2021, ShotSpotter (NASDAQ: SSTI) announced the appointment of Ruby Sharma to its board of directors. A seasoned professional and Managing Partner at RNB Strategic Advisors, Sharma brings over 15 years of experience from Ernst & Young, where she served multinational corporations. Her expertise includes global financial matters and compliance. Sharma is expected to enhance board discussions as ShotSpotter expands its product offerings and markets. She will also join the Audit Committee. ShotSpotter, known for its innovative policing solutions, operates in over 120 U.S. cities.
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.