SoundThinking, Inc. - SSTI STOCK NEWS

ShotSpotter, Inc. (Nasdaq: SSTI) has contracted with the Commonwealth of Massachusetts for a multi-year subscription of Coplink X valued over $4 million. This investigative tool enhances crime-solving capabilities with the largest police data database. The system will benefit local and state law enforcement in Massachusetts. Additionally, ShotSpotter has secured contracts for its investigatory tools, including ShotSpotter Investigate™ and ShotSpotter Gun Crime Management™, with various law enforcement agencies. The expansion of these services aims to improve investigation efficiency and case closure rates.

ShotSpotter, Inc. (NASDAQ: SSTI), a leader in precision-policing technology, is scheduled to attend two major financial conferences in December 2022. The first is the Ladenburg Thalmann Virtual Tech Expo on December 7 at 1:30 p.m. ET, followed by the Imperial Capital 19th Annual Security Investor Conference on December 15 at 1:45 p.m. ET. These appearances reflect ShotSpotter's commitment to engage with investors and share insights into its innovative technology solutions that enhance public safety.

ShotSpotter, Inc. (SSTI) reported a 29% increase in revenues for Q3 2022, totaling $18.8 million, up from $14.5 million in Q3 2021. GAAP net income reached $4.0 million, contrasting with a net loss of $949,000 a year prior. The company maintained its FY 2022 revenue guidance at $81-$82 million, forecasting 40% growth at the midpoint and introduced FY 2023 revenue guidance of $94-$96 million, indicating 17% growth. Adjusted EBITDA also increased by 37% to $3.1 million.

ShotSpotter, Inc. (NASDAQ: SSTI) announced a conference call scheduled for November 8, 2022, at 4:30 p.m. Eastern time to discuss its third quarter financial results for the period ending September 30, 2022. The call will follow a press release detailing the financial results, with management providing insights and answering questions. A live audio webcast will be accessible, and a replay will be available until December 8, 2022. ShotSpotter is recognized for its public safety technology solutions, serving over 200 customers and 2,500 agencies.

ShotSpotter reported a 37% increase in revenues for Q2 2022, totaling $20.0 million, up from $14.6 million in Q2 2021. The company also achieved a GAAP net income of $3.0 million, translating to $0.24 per diluted share. Adjusted EBITDA rose by 39% to $4.1 million, maintaining a 20% margin. The firm reiterated its full-year revenue guidance of $81-$83 million, indicating a potential 41% growth year-over-year. The operational highlights include new implementations and a digital case management solution, enhancing their service capability.

ShotSpotter, Inc. (Nasdaq: SSTI) announced that VICE Media has corrected misleading claims regarding its gunfire detection technology following a defamation complaint. An Editor’s Note by VICE states that ShotSpotter did not alter evidence in a criminal case, clarifying that it consistently identified the same gunfire location. Although disappointed with the lawsuit dismissal, CEO Ralph A. Clark expressed satisfaction that the public record has been corrected. ShotSpotter aims to refocus on improving public safety amidst rising crime rates.

ShotSpotter (NASDAQ: SSTI) will hold a conference call on August 9, 2022, at 4:30 p.m. ET to discuss its Q2 2022 financial results.

Participants can join via U.S. dial-in at 1-877-326-9228 or international at 1-412-542-4180. The call will be webcast live and available for replay on the company’s investor relations website.

ShotSpotter provides precision policing technology solutions to over 200 customers, improving public safety and law enforcement capabilities.

ShotSpotter, Inc. (Nasdaq: SSTI) has launched ShotSpotter GCM™, an innovative digital case management solution aimed at improving the investigative process for gun crimes. This new tool automates the input of critical information, identifies associated cases, and facilitates collaboration among law enforcement, addressing the challenges posed by staffing shortages and increasing gun violence. The system enhances operational efficiency by streamlining data sharing and analysis, ultimately aiming to solve more gun crime cases and improve closure rates.

ShotSpotter, Inc. (NASDAQ: SSTI) will participate in multiple financial conferences in June 2022. Key events include the William Blair 42nd Annual Growth Stock Conference on June 8, featuring CFO Alan Stewart, and the Stifel 2022 Cross Sector Insight Conference on June 9, presenting CEO Ralph Clark. Additionally, the company will engage in one-on-one meetings at the Roth Virtual London Conference from June 21-23 and participate in the Cantor Fitzgerald Technology ESG Conference on June 28-29. These conferences aim to enhance investor relations and showcase ShotSpotter's advancements in precision policing technology.