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.
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.
ShotSpotter, Inc. (NASDAQ: SSTI) will host a conference call on May 10, 2022, at 4:30 p.m. ET to discuss its Q1 2022 financial results. The call will include a presentation followed by a Q&A session. Interested parties can dial in using U.S. number 1-844-826-3033 or international number 1-412-317-5185. A live audio webcast will be available simultaneously and can be accessed via the company's website. A replay will be available post-call until June 10, 2022.
ShotSpotter is known for its precision policing technology used by over 200 cities.
ShotSpotter (Nasdaq: SSTI) announced that the Associated Press has corrected a previous false report from VICE Media regarding its gunshot detection technology. The AP retracted claims that ShotSpotter altered gunfire coordinates in a 2014 case involving Chicago’s Michael Williams. Other media entities, including the Daily Mail and The Register, also retracted similar claims. ShotSpotter emphasized the integrity of its forensic evidence and expressed concern over the impact of misinformation on its reputation and trust built over 25 years.
ShotSpotter, Inc. (SSTI) reported a 10% revenue increase for Q4 2021, reaching $14.0 million, and has raised its full-year 2022 revenue guidance to $81 million to $83 million, indicating a 41% growth at the midpoint compared to 2021. Despite this growth, the company reported a GAAP net loss of $3.3 million for Q4 2021, compared to a lesser loss of $220,000 in Q4 2020. The full year 2021 also showed a GAAP net loss of $4.4 million, down from a $1.2 million profit in 2020. The company’s revenue retention rate improved to 125%.
ShotSpotter, Inc. (NASDAQ: SSTI) will host a conference call on February 22, 2022, at 4:30 p.m. ET to discuss its fourth quarter and full-year financial results for 2021. The results will be released prior to the call. Interested participants can join the call by dialing in at the provided numbers, and a live audio webcast will be available. Following the presentation, there will be a question-and-answer session. A replay of the call will be accessible after the event through March 22, 2022.
ShotSpotter, Inc. (NASDAQ: SSTI) will participate in the 24th Annual Needham Virtual Growth Conference from January 10-14, 2022. The company's management is set to present on January 13 at 2:45 p.m. Eastern time, and the presentation will be available for replay. ShotSpotter specializes in precision policing technology, helping law enforcement improve crime response and investigation. Its products are used by over 120 U.S. cities, including ShotSpotter Respond™, Connect™, and Investigate™.
Airobotics and ShotSpotter have signed an exclusive agreement allowing Airobotics to sell and deploy ShotSpotter's gunshot detection technology in Israel. This partnership aims to enhance public safety by enabling real-time detection and response to gunfire incidents, using UAVs equipped with live video capabilities from Airobotics. The collaboration comes amid rising concerns over illegal firearms in Israel, with notable statistics indicating that a majority of shooting cases remain unresolved. This integrated system promises to improve law enforcement's ability to respond effectively to gun violence.
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