SoundThinking Inc Stock Price, News & Analysis

SoundThinking, Inc. (Nasdaq: SSTI), a key player in public safety technology, has announced over $8 million in new contracts and expansions for its ShotSpotter gunshot detection system. These contracts include a $4.7 million multi-year re-deployment in Suffolk County, NY, which will extend ShotSpotter coverage to 22 square miles—almost three times the original area. Additional contracts include a $910,000 contract in Erie, PA, a $434,000 deal in Montgomery County, PA, and a $2.1 million expansion in Cleveland, OH. This expansion follows a significant $7 million Detroit deployment, which has now gone live, bringing the total coverage to 37 miles in Detroit. These initiatives aim to enhance public safety and reduce police response times.

SoundThinking (Nasdaq: SSTI), a prominent public safety technology company, announces its participation at the Ladenburg Thalmann Tech Expo on April 27, 2023, in New York, NY. The company's management will present at 2:00 p.m. ET, with the presentation available for live webcast and replay.

SoundThinking offers transformative solutions and strategic advisory services for law enforcement and civic leaders. The company serves over 250 customers and 2,000 agencies, enhancing public safety outcomes through tools like the ShotSpotter gunshot detection system and the CrimeTracer law enforcement search engine.

For more information or to schedule a meeting with management, contact them via the provided email.

ShotSpotter, Inc. (NASDAQ: SSTI) reported a robust FY 2022 with revenues increasing 39% year-over-year to a record $81.0 million. The GAAP net income stood at $6.4 million, a significant turnaround from the previous year's loss of $4.4 million. For Q4 2022, revenues surged 50% to $21.0 million, bolstered by a 58% increase in gross profit. The company reaffirms FY 2023 revenue guidance of $94 million to $96 million, projecting a 17% growth at the midpoint. Adjusted EBITDA is expected to range from 24% to 26% of revenue in 2023, reflecting strong operational performance.

ShotSpotter (NASDAQ: SSTI) will hold a conference call on February 22, 2023, at 4:30 p.m. ET to discuss its financial results for Q4 and full year 2022. A press release with the financials will be issued prior to the call. The company provides precision-policing technology solutions to enhance law enforcement responses to crime. ShotSpotter serves over 200 customers with its flagship product, ShotSpotter Respond™, which is designed for rapid gunfire detection. The call will include a presentation followed by a Q&A session. A replay of the call will be available until March 22, 2023.

ShotSpotter, Inc. (NASDAQ: SSTI) is set to participate in several financial conferences in Q1 2023 aimed at enhancing investor engagement. Key events include the A.G.P. Emerging Growth Technology Conference on February 16, and the JMP Securities Technology Conference on March 6. The company will also have a presence at the 35th Annual Roth Conference on March 13-14. Executives CEO Ralph Clark and CFO Alan Stewart will represent the company at these events, focusing on its precision-policing technology solutions that aid law enforcement. For more information or to schedule meetings, interested parties can contact Gateway Group.

ShotSpotter, a leader in precision-policing technology, will present at the 25th Annual Needham Growth Conference on January 10-11, 2023, in New York. The company's management is scheduled to present on January 10 at 3:45 p.m. Eastern time, with a webcast available for replay. The firm focuses on enhancing public safety with advanced solutions like ShotSpotter Respond™, Coplink X, and case management software. With over 200 customers and 2,500 agencies, ShotSpotter is dedicated to making communities safer.

On Dec. 13, 2022, ShotSpotter (Pty) Ltd., a subsidiary of ShotSpotter, Inc. (Nasdaq: SSTI), announced the rollout of a new phase in Hanover Park, Cape Town, to enhance gunshot detection through its technology. This initiative aims to support local law enforcement in effectively addressing rising gun violence. The previous phase from 2016 to 2019 saved over 200 lives and significantly reduced shooting incidents. Since the new deployment began, ShotSpotter has detected 68 incidents, aiding police in identifying high-risk areas for targeted actions against illegal firearms.

ShotSpotter, Inc. (Nasdaq: SSTI) has contracted with the Commonwealth of Massachusetts for a multi-year subscription of Coplink X valued over $4 million. This investigative tool enhances crime-solving capabilities with the largest police data database. The system will benefit local and state law enforcement in Massachusetts. Additionally, ShotSpotter has secured contracts for its investigatory tools, including ShotSpotter Investigate™ and ShotSpotter Gun Crime Management™, with various law enforcement agencies. The expansion of these services aims to improve investigation efficiency and case closure rates.