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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.

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SoundThinking, Inc. (Nasdaq: SSTI) announced a conference call scheduled for May 9, 2023, at 4:30 p.m. Eastern time, to discuss its first-quarter financial results for the period ending March 31, 2023. The call will provide an opportunity for management to present the results, followed by a Q&A session. Interested parties can access a live audio webcast during the call or replay it later until May 23, 2023. SoundThinking is recognized as a leading public safety technology company, providing innovative solutions to over 250 customers and 2,000 agencies.

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SoundThinking, Inc. (Nasdaq: SSTI), a key player in public safety technology, has announced over $8 million in new contracts and expansions for its ShotSpotter gunshot detection system. These contracts include a $4.7 million multi-year re-deployment in Suffolk County, NY, which will extend ShotSpotter coverage to 22 square miles—almost three times the original area. Additional contracts include a $910,000 contract in Erie, PA, a $434,000 deal in Montgomery County, PA, and a $2.1 million expansion in Cleveland, OH. This expansion follows a significant $7 million Detroit deployment, which has now gone live, bringing the total coverage to 37 miles in Detroit. These initiatives aim to enhance public safety and reduce police response times.

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SoundThinking (Nasdaq: SSTI), a prominent public safety technology company, announces its participation at the Ladenburg Thalmann Tech Expo on April 27, 2023, in New York, NY. The company's management will present at 2:00 p.m. ET, with the presentation available for live webcast and replay.

SoundThinking offers transformative solutions and strategic advisory services for law enforcement and civic leaders. The company serves over 250 customers and 2,000 agencies, enhancing public safety outcomes through tools like the ShotSpotter gunshot detection system and the CrimeTracer law enforcement search engine.

For more information or to schedule a meeting with management, contact them via the provided email.

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ShotSpotter, Inc. (NASDAQ: SSTI) reported a robust FY 2022 with revenues increasing 39% year-over-year to a record $81.0 million. The GAAP net income stood at $6.4 million, a significant turnaround from the previous year's loss of $4.4 million. For Q4 2022, revenues surged 50% to $21.0 million, bolstered by a 58% increase in gross profit. The company reaffirms FY 2023 revenue guidance of $94 million to $96 million, projecting a 17% growth at the midpoint. Adjusted EBITDA is expected to range from 24% to 26% of revenue in 2023, reflecting strong operational performance.

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ShotSpotter (NASDAQ: SSTI) will hold a conference call on February 22, 2023, at 4:30 p.m. ET to discuss its financial results for Q4 and full year 2022. A press release with the financials will be issued prior to the call. The company provides precision-policing technology solutions to enhance law enforcement responses to crime. ShotSpotter serves over 200 customers with its flagship product, ShotSpotter Respond™, which is designed for rapid gunfire detection. The call will include a presentation followed by a Q&A session. A replay of the call will be available until March 22, 2023.

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ShotSpotter, Inc. (NASDAQ: SSTI) is set to participate in several financial conferences in Q1 2023 aimed at enhancing investor engagement. Key events include the A.G.P. Emerging Growth Technology Conference on February 16, and the JMP Securities Technology Conference on March 6. The company will also have a presence at the 35th Annual Roth Conference on March 13-14. Executives CEO Ralph Clark and CFO Alan Stewart will represent the company at these events, focusing on its precision-policing technology solutions that aid law enforcement. For more information or to schedule meetings, interested parties can contact Gateway Group.

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ShotSpotter, a leader in precision-policing technology, will present at the 25th Annual Needham Growth Conference on January 10-11, 2023, in New York. The company's management is scheduled to present on January 10 at 3:45 p.m. Eastern time, with a webcast available for replay. The firm focuses on enhancing public safety with advanced solutions like ShotSpotter Respond™, Coplink X, and case management software. With over 200 customers and 2,500 agencies, ShotSpotter is dedicated to making communities safer.

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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%
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