SoundThinking Inc Stock Price, News & Analysis

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.

ShotSpotter, a leader in precision policing solutions, will present at the 23rd Annual Needham Growth Conference from January 11-15, 2021. The presentation is scheduled for January 14 at 4:15 p.m. Eastern time, with one-on-one meetings available on January 13-14. ShotSpotter's innovative products, including ShotSpotter Respond™ and ShotSpotter Connect™, are utilized by over 100 U.S. cities to improve crime response and investigation. The webcast of the presentation will be available for replay.

ShotSpotter, Inc. (Nasdaq: SSTI) reported a 48% increase in gunshot incidents during 2020 compared to 2019, coinciding with social unrest and a pandemic. New Year’s Eve 2021 logged 12,266 gunshot alerts, nearly double the three-year average of 6,803. The Midwest saw the highest increase at 58%, while the South reported a 19% increase. The report underscores growing violence, with over 19,000 homicides in the U.S. in 2020. Company leaders express hope for improved policing strategies to address these issues in the coming year.