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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. announces changes to its leadership team and positions itself for expanding growth opportunities.
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SoundThinking (Nasdaq: SSTI) acquires SafePointe, entering the $20 billion global weapons detection market. The acquisition extends SoundThinking's SafetySmart™ platform with an AI-based weapons detection solution. It also provides cross-selling opportunities and a complementary SaaS business model. SafePointe has established itself as a leader in the market with low total cost of ownership and minimal false positives and negatives. SoundThinking expects the acquisition to positively impact growth potential and earnings per share by the end of 2024.
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SoundThinking, Inc. has released its second Environmental, Social, and Governance (ESG) Report, highlighting its commitment to positive public safety outcomes. The report focuses on community safety, social impact, governance transparency, and environmental sustainability. SoundThinking's products assist law enforcement in responding to gunfire incidents, digitize the investigative process, and support violence interruption initiatives. The report also emphasizes governance, transparency, trust, and environmental sustainability efforts. The ESG Report is available for download on the company's website.
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SoundThinking, Inc. has announced the launch of ResourceRouter Community, a software solution that supports social service and community violence intervention groups. The application, integrated with ShotSpotter, helps optimize resource deployments, reduce crime, improve public safety, and increase community trust. Miami-Dade Police Department will be among the first to deploy the technology.
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SoundThinking, Inc. (Nasdaq: SSTI) reported Q2 2023 financial results with revenues of $22.1 million, a YoY increase of 10.5%. Gross profit was $12.7 million, representing a gross margin of 57%. The company reaffirmed its FY 2023 revenue guidance of $92 million to $94 million, a YoY growth of 15% at the midpoint. However, it reduced its FY 2023 adjusted EBITDA margin guidance to 16-18%.
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SoundThinking, Inc. partners with the Fort Lauderdale Police Department to launch the Data for Good Program. The program aims to mitigate and prevent gun violence by sharing ShotSpotter precision data with community groups in high-risk areas.
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SoundThinking, Inc. (Nasdaq: SSTI) will hold a conference call on August 8, 2023, to discuss its financial results for the second quarter. The call will be hosted by SoundThinking management and will include a question-and-answer period. A live audio webcast of the call will be available on the company's website. A replay of the call will also be available.
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FAQ

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

The current stock price of SoundThinking (SSTI) is $13 as of January 8, 2025.

What is the market cap of SoundThinking (SSTI)?

The market cap of SoundThinking (SSTI) is approximately 163.1M.

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

163.15M
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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