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SoundThinking, Inc. - SSTI STOCK NEWS

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 leading public safety technology company based in the Bay Area, renowned for its innovative solutions in gunshot detection, location, and forensic analysis. The company is dedicated to providing transformative tools and strategic advisory services to law enforcement agencies and civic leaders worldwide.

SoundThinking's flagship platform, SafetySmart™, is comprised of several key components:

  • ShotSpotter®: An industry-leading acoustic gunshot detection system, trusted by over 200 cities globally, that rapidly identifies and locates gunfire incidents to enable swift police response and enhance community safety.
  • CrimeTracer™: A cutting-edge law enforcement search engine that provides comprehensive data to assist in criminal investigations.
  • CaseBuilder™: An all-in-one investigation management system designed to streamline the process of building and managing cases.
  • ResourceRouter™: Software that optimizes the deployment of patrol and community anti-violence resources to maximize efficiency and impact.
  • SafePointe®: An AI-driven concealed weapons detection system that enhances public safety in various environments.

Recent Achievements and Deployments
SoundThinking has recently expanded its reach into the Latin American market with the deployment of ShotSpotter in Montevideo, Uruguay. Additionally, the company has secured multiple agreements in the first quarter of 2024, including new deployments and expanded coverage areas in cities such as Hammond, Indiana; Paterson, Camden County, and Newark, New Jersey; Lancaster, California; and New Bern, North Carolina.

Financially, SoundThinking continues to demonstrate robust performance, with its latest financial results for the third quarter of 2023 showcasing significant growth and operational success. The company is set to discuss its fourth-quarter and full-year 2023 financial results in an upcoming conference call on February 27, 2024, followed by an investor day on March 14, 2024, in New York City.

SoundThinking prides itself on being a mission-driven company, committed to reducing gun violence and saving lives through constant innovation. Recognized as a Great Place to Work® company, SoundThinking continues to attract top talent to further its mission of making communities safer worldwide.

For more information about SoundThinking and its suite of public safety technologies, please visit www.SoundThinking.com.

Rhea-AI Summary
SoundThinking, Inc. (SSTI) to participate in key investor events in March 2024 including Citizens JMP Technology Conference and 36th Annual ROTH Conference. SoundThinking also hosting an Investor Day in New York to discuss company's vision, growth drivers, and financial model.
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SoundThinking, Inc. (SSTI) reported a 24% increase in revenues to $26.0 million, achieving the highest quarterly revenues in its history. The company introduced FY 2024 revenue guidance of $104.0 million to $106.0 million, with a 13% year-over-year growth at the midpoint. Additionally, they provided FY 2024 adjusted EBITDA margin guidance of 18 to 20%.
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SoundThinking, Inc. (Nasdaq: SSTI) announces Q4 and FY 2023 conference call on February 27, 2024, and Investor Day on March 14, 2024. The company will discuss financial results, vision, growth drivers, and more.
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SoundThinking, Inc. (Nasdaq: SSTI) deploys its industry-leading acoustic gunshot detection system, ShotSpotter®, in Montevideo, Uruguay, expanding its presence in the large Latin American market. The partnership with the Minister of the Interior of Uruguay aims to enhance public safety and complement violence reduction efforts. The deployment includes the integration of ShotSpotter with existing technologies and the rollout of a Spanish-language version of the ShotSpotter InSight application, reflecting SoundThinking's commitment to global public safety innovation.
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SoundThinking, Inc. (Nasdaq: SSTI) is set to present at several financial conferences including William Blair’s Public Safety Tech Virtual Conference, 20th Annual Imperial Capital Security Investor Conference, Northland AI Conference, and 26th Annual Needham Growth Conference. The presentations will be led by CEO Ralph Clark and CFO Alan Stewart, showcasing the company's public safety technology solutions and growth prospects.
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SoundThinking, Inc. (SSTI) donates $10,000 to Officer Down Memorial Page on Giving Tuesday. The donation is part of a social media campaign at the IACP 2023 conference to honor law enforcement officers who lost their lives in the line of duty.
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SoundThinking, Inc. (Nasdaq: SSTI) has achieved a 'World Class' Net Promoter Score (NPS) of 64%, affirming its dedication to outstanding customer success. The NPS, revealed as part of Satrix Solutions’ Customer Loyalty and Satisfaction Survey, represents an 8% increase from 2022 and is among the highest in the company’s history. Key findings for 2023 include a highly favorable sentiment among customers, with 69% rating as Promoters, an average 'likelihood to recommend' score of 9.1, and 97% reporting that SoundThinking’s value/benefit met or exceeded expectations.
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SSTI: SoundThinking, Inc. Reports Record $24M Quarterly Revenues, Reaffirms FY 2023 Guidance for 15% YOY Growth and 16-18% EBITDA Margin
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SoundThinking, Inc. to hold conference call to discuss Q3 financial results
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SoundThinking, Inc. launches ShotCast™, a multimedia video file that provides key details of local gunfire incidents to inform the public and increase awareness about gun violence.
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FAQ

What is the current stock price of SoundThinking (SSTI)?

The current stock price of SoundThinking (SSTI) is $13.1 as of January 7, 2025.

What is the market cap of SoundThinking (SSTI)?

The market cap of SoundThinking (SSTI) is approximately 163.7M.

What does SoundThinking, Inc. do?

SoundThinking, Inc. is a public safety technology company that provides data-driven solutions and strategic advisory services for law enforcement and civic leadership, including gunshot detection, forensic analysis, and investigation management.

What is the SafetySmart™ platform?

The SafetySmart™ platform includes ShotSpotter®, CrimeTracer™, CaseBuilder™, ResourceRouter™, and SafePointe®, offering a comprehensive suite of tools for enhancing public safety and law enforcement efficiency.

What is ShotSpotter®?

ShotSpotter® is an acoustic gunshot detection system that identifies and locates gunfire incidents in real-time, enabling rapid police response and improving community safety.

Where has SoundThinking recently deployed its technology?

Recent deployments include Montevideo, Uruguay; Hammond, Indiana; Paterson, Camden County, Newark, New Jersey; Lancaster, California; and New Bern, North Carolina.

How many customers does SoundThinking serve?

SoundThinking is trusted by more than 250 customers and over 2,000 agencies worldwide.

When will SoundThinking discuss its fourth-quarter and full-year 2023 financial results?

SoundThinking will discuss its fourth-quarter and full-year 2023 financial results on a conference call scheduled for February 27, 2024.

What is the significance of the SafetySmart™ platform?

SafetySmart™ helps law enforcement and civic leaders manage and reduce crime more effectively by providing advanced tools for gunshot detection, crime data analysis, case management, resource allocation, and weapons detection.

Who are the key contacts for SoundThinking?

Key contacts include CFO Alan Stewart (astewart@soundthinking.com) and Investor Relations representatives Matt Glover and Greg Bradbury (SSTI@gateway-grp.com).

What are some recent financial highlights for SoundThinking?

Recent financial highlights include strong growth and operational success in the third quarter of 2023, with detailed results to be provided during the upcoming fourth-quarter conference call.

Where can I find more information about SoundThinking?

For more information, you can visit SoundThinking's official website at www.SoundThinking.com.
SoundThinking, Inc.

Nasdaq:SSTI

SSTI Rankings

SSTI Stock Data

163.71M
9.47M
24.07%
58.68%
1.45%
Software - Application
Services-prepackaged Software
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United States of America
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