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, Inc. (Nasdaq: SSTI) announced a conference call scheduled for May 9, 2023, at 4:30 p.m. Eastern time, to discuss its first-quarter financial results for the period ending March 31, 2023. The call will provide an opportunity for management to present the results, followed by a Q&A session. Interested parties can access a live audio webcast during the call or replay it later until May 23, 2023. SoundThinking is recognized as a leading public safety technology company, providing innovative solutions to over 250 customers and 2,000 agencies.
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.
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