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.
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.
ShotSpotter, Inc. (NASDAQ: SSTI) has secured contracts with seven small U.S. cities to implement its ShotSpotter Respond™ gunshot detection technology. This initiative reflects a growing trend among smaller municipalities to adopt advanced crime prevention tools amid rising gun violence. Cities like North Chicago and Kankakee report positive early results, enhancing police response capabilities. ShotSpotter aims to broaden its reach, targeting over 850 potential law enforcement agencies, and emphasizes that addressing gun violence is universally relevant across city sizes.
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ShotSpotter, a leader in precision policing solutions, announced the launch of ShotSpotter Insight, a new analytics tool designed for law enforcement. This web-based software enables crime analysts and investigators to access a comprehensive database of historical gunshot incidents detected by the ShotSpotter system. It offers features like detailed incident analysis, shot-by-shot animations, and tools for visualizing gun violence trends, aiding agencies in effectively addressing and preventing crime.