SoundThinking, Inc. - SSTI STOCK NEWS

ShotSpotter, Inc. (SSTI) has successfully acquired Leeds, LLC, known as CrimeCenter Software, for $17 million in cash and stock, with potential earn-outs of $5 million. This acquisition, announced on November 9, 2020, enhances ShotSpotter’s law enforcement solutions by adding CrimeCenter's investigative case management software. The merger is expected to boost ShotSpotter's U.S. law enforcement market by over 45%. Currently, CrimeCenter software serves over 4,000 users, including the NYPD, and aims to modernize investigations for law enforcement agencies.

ShotSpotter, Inc. (NASDAQ: SSTI) announces participation in various virtual financial conferences throughout November 2020. Key events include the ROTH Capital Technology Virtual Event on November 12 and the Annual Craig-Hallum Alpha Select Conference on November 17, where one-on-one meetings will be held. ShotSpotter specializes in acoustic gunshot detection and aims to enhance public safety by equipping law enforcement with advanced technology. This proactive approach has made ShotSpotter a trusted solution in over 100 cities, contributing to safer communities.

ShotSpotter, Inc. (Nasdaq: SSTI) has announced an acquisition of Leeds, LLC, which operates as CrimeCenter Software, for approximately $22 million in cash and stock. The transaction aims to strengthen ShotSpotter’s law enforcement offerings and is expected to expand its total addressable market by over 45% for U.S. law enforcement software. The acquisition, set to close in November 2020, will integrate CrimeCenter’s investigative case management software into ShotSpotter’s existing solutions, enhancing police efficiency and investigative capabilities.

ShotSpotter, Inc. (SSTI) reported a 14% year-over-year revenue increase, reaching $11.4 million for Q3 2020. Gross profit rose 8% to $6.4 million, with a net income of $566,000, a 27% increase compared to the previous year. Adjusted EBITDA escalated by 44% to $3.3 million. The company maintains a robust cash position of $28.7 million and has narrowed its full-year revenue guidance to $44.5 million to $45.0 million, indicating a strong outlook for 2021, with projected revenues of $58.0 million to $60.0 million including LEEDS, LLC acquisition benefits.

ShotSpotter, Inc. (NASDAQ: SSTI) is set to hold a conference call on November 9, 2020, at 4:30 p.m. ET to discuss its Q3 financial results for the period ending September 30, 2020. A press release detailing these results will be issued prior to the call. Interested parties can participate via U.S. dial-in at +1 (877) 300-8521 or internationally at +1 (412) 317-6026, with a conference ID of 10149645. The call will also be available through a live audio webcast and subsequent replay until December 9, 2020, enhancing accessibility for investors.

ShotSpotter, Inc. (Nasdaq: SSTI) has rebranded its patrol management solution from ShotSpotter Missions to ShotSpotter Connect as of September 15, 2020. This upgrade introduces advanced reporting capabilities aimed at enhancing law enforcement's resource deployment and accountability. Officers can now access data on their patrol areas and tactics, with an emphasis on community engagement and crime deterrence. The system incorporates a Community First approach to minimize bias and over-policing, ensuring fair and effective patrol strategies.

ShotSpotter, Inc. (NASDAQ: SSTI) has unveiled the upgraded ShotSpotter Connect™, enhancing its patrol management solution previously known as ShotSpotter Missions™. This upgrade introduces a comprehensive reporting platform to assist law enforcement in monitoring officer activities and improving resource allocation. The new features aim to boost crime deterrence and enhance community engagement by providing insights into patrol effectiveness and tactics used. ShotSpotter's approach prioritizes impartiality in patrol assignments, addressing accountability pressures faced by law enforcement agencies.

ShotSpotter, Inc. (NASDAQ: SSTI), a leader in acoustic gunshot detection and precision policing solutions, will present at the Canaccord Genuity 40th Annual Growth Conference from August 11-13, 2020. The company's management is set to present on August 12 at 9:30 a.m. Eastern time, with a webcast available for replay here. The company is dedicated to reducing gun violence through advanced technology.

ShotSpotter (Nasdaq: SSTI) reports a significant achievement in rhino conservation at Kruger National Park, South Africa, with a nearly 60% decrease in rhino poaching within the coverage area where its technology is deployed. From 12 rhinos killed in the year prior to deployment, only 5 were poached in the following 18 months. The technology allows rangers to detect gunfire within 60 seconds, enhancing their response and interception rates. The initiative was supported by international donations and is part of ShotSpotter's mission to leverage its technology for wildlife protection.