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.
ShotSpotter, Inc. (NASDAQ: SSTI) announced a conference call scheduled for November 8, 2022, at 4:30 p.m. Eastern time to discuss its third quarter financial results for the period ending September 30, 2022. The call will follow a press release detailing the financial results, with management providing insights and answering questions. A live audio webcast will be accessible, and a replay will be available until December 8, 2022. ShotSpotter is recognized for its public safety technology solutions, serving over 200 customers and 2,500 agencies.
ShotSpotter reported a 37% increase in revenues for Q2 2022, totaling $20.0 million, up from $14.6 million in Q2 2021. The company also achieved a GAAP net income of $3.0 million, translating to $0.24 per diluted share. Adjusted EBITDA rose by 39% to $4.1 million, maintaining a 20% margin. The firm reiterated its full-year revenue guidance of $81-$83 million, indicating a potential 41% growth year-over-year. The operational highlights include new implementations and a digital case management solution, enhancing their service capability.
ShotSpotter, Inc. (Nasdaq: SSTI) announced that VICE Media has corrected misleading claims regarding its gunfire detection technology following a defamation complaint. An Editor’s Note by VICE states that ShotSpotter did not alter evidence in a criminal case, clarifying that it consistently identified the same gunfire location. Although disappointed with the lawsuit dismissal, CEO Ralph A. Clark expressed satisfaction that the public record has been corrected. ShotSpotter aims to refocus on improving public safety amidst rising crime rates.
ShotSpotter (NASDAQ: SSTI) will hold a conference call on August 9, 2022, at 4:30 p.m. ET to discuss its Q2 2022 financial results.
Participants can join via U.S. dial-in at 1-877-326-9228 or international at 1-412-542-4180. The call will be webcast live and available for replay on the company’s investor relations website.
ShotSpotter provides precision policing technology solutions to over 200 customers, improving public safety and law enforcement capabilities.
ShotSpotter, Inc. (Nasdaq: SSTI) has launched ShotSpotter GCM™, an innovative digital case management solution aimed at improving the investigative process for gun crimes. This new tool automates the input of critical information, identifies associated cases, and facilitates collaboration among law enforcement, addressing the challenges posed by staffing shortages and increasing gun violence. The system enhances operational efficiency by streamlining data sharing and analysis, ultimately aiming to solve more gun crime cases and improve closure rates.
ShotSpotter, Inc. (NASDAQ: SSTI) will participate in multiple financial conferences in June 2022. Key events include the William Blair 42nd Annual Growth Stock Conference on June 8, featuring CFO Alan Stewart, and the Stifel 2022 Cross Sector Insight Conference on June 9, presenting CEO Ralph Clark. Additionally, the company will engage in one-on-one meetings at the Roth Virtual London Conference from June 21-23 and participate in the Cantor Fitzgerald Technology ESG Conference on June 28-29. These conferences aim to enhance investor relations and showcase ShotSpotter's advancements in precision policing technology.
Nautilus, Inc. (NYSE:NLS) has appointed Ruby Sharma to its Board of Directors, effective May 18, 2022. With over 30 years of experience in business transformation and investor relations, Sharma's expertise is expected to enhance the company's strategic direction. Her role comes as the company advances its long-term goals in the connected home fitness industry. The announcement also includes the retirement of long-time board members Richard Horn and Marvin Siegert at the upcoming shareholders' meeting on August 2, 2022.
ShotSpotter, Inc. (NASDAQ: SSTI) announced a strong first quarter for 2022, with revenues soaring 41% year-over-year to a record $21.2 million. Gross profit increased by 46% to $12.7 million, improving margins. The company reported GAAP net income of $387,000 and a 35% rise in Adjusted EBITDA to $4.5 million. Reiterating its full-year revenue guidance of $81 million to $83 million, SSTI also raised its Adjusted EBITDA margin outlook to 19% to 21%. Notably, the company completed the acquisition of Forensic Logic and expanded its service offerings in several cities.
Thomas Chittum, Esq. has been appointed Vice President of Analytics and Forensic Services at ShotSpotter (NASDAQ: SSTI), effective June 1, 2022. Previously serving as Associate Deputy Director at the ATF for over 20 years, Chittum brings extensive experience in investigating gun crime and promoting crime gun intelligence tools. His new role will focus on enhancing ShotSpotter's forensic services and supporting law enforcement partners in analyzing gun violence data. Chittum expresses enthusiasm about leveraging ShotSpotter’s technology for improving public safety.
ShotSpotter, Inc. (Nasdaq: SSTI) has released a significant upgrade to its ShotSpotter Connect patrol management software, introducing new analytical tools aimed at enhancing crime prevention efforts. This upgrade includes advanced reporting features, interactive data visualizations, and a streamlined interface, allowing law enforcement to better assess patrol effectiveness. Key features include a new Crime & Dosage report, custom data layers, and heatmaps to visualize patrol activity. The enhancements are designed to improve resource allocation and community engagement without increasing policing pressure.
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