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 (SSTI) delivers innovative public safety technologies that empower law enforcement agencies through data-driven solutions. This news hub provides investors and public safety professionals with timely updates on the company’s advancements in gunshot detection, investigative tools, and community safety initiatives.
Access official press releases covering product enhancements to the SafetySmart™ platform, strategic partnerships with municipalities, and financial performance updates. Stay informed about developments in core systems like ShotSpotter’s acoustic detection networks and CrimeTracer’s investigative search capabilities.
Our curated news collection serves as your primary source for understanding SSTI’s role in modernizing public safety infrastructure. Track updates on AI-driven resource optimization tools, concealed weapon detection systems, and evidence management platforms that collectively reduce urban crime response times.
Bookmark this page for direct access to verified information about SoundThinking’s operational milestones. Check regularly for insights into how SSTI’s technologies continue redefining standards in law enforcement efficiency and community security.
SoundThinking (Nasdaq: SSTI) reported a 23% increase in Q1 2024 revenues to $25.4 million, driven by new customer subscriptions and contributions from SafePointe. Gross profit rose 32% to $14.9 million. However, the company experienced a net loss of $2.9 million, compared to a $1.8 million loss in Q1 2023. Adjusted EBITDA improved slightly to $3.0 million. The company reaffirmed its FY 2024 revenue guidance of $104-106 million and expects Adjusted EBITDA margins of 18-20%. Key developments include launching ShotSpotter in Philadelphia and expanding its SafetySmart™ platform.
SoundThinking, Inc. (Nasdaq: SSTI) will present at the 19th Annual Needham Technology, Media, & Consumer Conference on May 15, 2024. CFO Alan Stewart will present and hold meetings with investors. The presentation will be webcast live.
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