SoundThinking Inc Stock Price, News & Analysis

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.

ShotSpotter, Inc. (NASDAQ: SSTI) announced a six-step checklist to tackle celebratory gunfire in U.S. cities, especially around the Fourth of July, a peak time for such incidents. Notably, Columbus, Ohio saw a 13% drop in gunfire alerts during New Year’s Eve due to proactive educational initiatives. The best practices include using historical data for planning, community education, and special police units during holidays. ShotSpotter's technology plays a crucial role in enhancing safety and emergency response.

ShotSpotter (Nasdaq: SSTI) has released a report from a Public Safety and Retail Security survey highlighting growing concerns among retail security executives regarding gun violence. Conducted at an April 2021 conference, the survey indicated that 55% of respondents worry about gunfire at their locations, and 88% support partnerships with law enforcement. Additionally, only 5% of security personnel feel very prepared for violent incidents. The survey underscores the urgent need for enhanced collaboration between retailers and police to improve public safety, driven by a notable rise in gun violence in the U.S.

ShotSpotter, Inc. (Nasdaq: SSTI) has announced the promotion of Regan Davis to Senior Vice President of Customer Success and Field Engineering. This role will enhance customer onboarding and the implementation of best practices, including a new community engagement playbook. The Customer Success team, comprising former law enforcement officers, will support over 100 agencies in utilizing ShotSpotter's technology effectively. The company aims to strengthen community relations and improve crime investigations through its innovative solutions.

ShotSpotter, Inc. (NASDAQ: SSTI), a leader in policing technology, will participate in several virtual financial conferences in June 2021. Key presentations include the William Blair 41st Annual Growth Stock Conference on June 3, the Stifel 2021 Virtual Cross Sector Insight Conference on June 10, and the Baird 2021 Global Consumer, Technology & Services Conference also on June 10. Additionally, ShotSpotter will engage in one-on-one meetings at the Roth Virtual London Conference from June 21 to June 23. These conferences underscore ShotSpotter's commitment to investor outreach and community safety initiatives.

ShotSpotter, Inc. (NASDAQ: SSTI), a leader in policing technology, will present at the 16th Annual Needham Virtual Technology & Media Conference on May 18-19, 2021. The management presentation is scheduled for May 18 at 12:45 p.m. Eastern time and will be available for replay. ShotSpotter's solutions, including ShotSpotter Respond™, Connect™, and Investigate™, are utilized by over 100 U.S. cities to improve law enforcement response and crime deterrence. For further information or to schedule a meeting, contact Gateway Investor Relations.

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.