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SoundThinking, Inc. reports developments in public safety technology for law enforcement, civic leadership, and security professionals. The company’s SafetySmart platform includes ShotSpotter acoustic gunshot detection, CrimeTracer crime-data search and investigative lead generation, CaseBuilder investigation management, ResourceRouter resource-deployment software, SafePointe AI-based weapons detection, and PlateRanger powered by Rekor for automatic license plate recognition.
Recurring news includes quarterly and annual financial results, revenue guidance, product upgrades, customer and agency adoption, go-to-market leadership changes, and operational investments supporting SafePointe alert review. Company updates also address investor conference participation and the expansion of AI- and data-driven capabilities across the SafetySmart portfolio.
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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.
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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.