SoundThinking, Inc. - SSTI STOCK NEWS

ShotSpotter, Inc. (NASDAQ: SSTI) has opened a new satellite office in Washington, D.C., which includes an Incident Review Center (IRC) for monitoring gunfire. This facility, aimed at enhancing law enforcement's response to gun violence, is strategically located near federal agencies. The IRC, staffed by acoustic experts, processes gunfire alerts within 60 seconds. ShotSpotter's President emphasizes the company's commitment to using technology to combat gun violence effectively. This expansion strengthens connections with law enforcement and reflects D.C.'s role as a tech hub.

ShotSpotter, Inc. (NASDAQ: SSTI) announced a six-step checklist to tackle celebratory gunfire in U.S. cities, especially around the Fourth of July, a peak time for such incidents. Notably, Columbus, Ohio saw a 13% drop in gunfire alerts during New Year’s Eve due to proactive educational initiatives. The best practices include using historical data for planning, community education, and special police units during holidays. ShotSpotter's technology plays a crucial role in enhancing safety and emergency response.

ShotSpotter (Nasdaq: SSTI) has released a report from a Public Safety and Retail Security survey highlighting growing concerns among retail security executives regarding gun violence. Conducted at an April 2021 conference, the survey indicated that 55% of respondents worry about gunfire at their locations, and 88% support partnerships with law enforcement. Additionally, only 5% of security personnel feel very prepared for violent incidents. The survey underscores the urgent need for enhanced collaboration between retailers and police to improve public safety, driven by a notable rise in gun violence in the U.S.

ShotSpotter, Inc. (Nasdaq: SSTI) has announced the promotion of Regan Davis to Senior Vice President of Customer Success and Field Engineering. This role will enhance customer onboarding and the implementation of best practices, including a new community engagement playbook. The Customer Success team, comprising former law enforcement officers, will support over 100 agencies in utilizing ShotSpotter's technology effectively. The company aims to strengthen community relations and improve crime investigations through its innovative solutions.

ShotSpotter, Inc. (NASDAQ: SSTI), a leader in policing technology, will participate in several virtual financial conferences in June 2021. Key presentations include the William Blair 41st Annual Growth Stock Conference on June 3, the Stifel 2021 Virtual Cross Sector Insight Conference on June 10, and the Baird 2021 Global Consumer, Technology & Services Conference also on June 10. Additionally, ShotSpotter will engage in one-on-one meetings at the Roth Virtual London Conference from June 21 to June 23. These conferences underscore ShotSpotter's commitment to investor outreach and community safety initiatives.

ShotSpotter, Inc. (NASDAQ: SSTI), a leader in policing technology, will present at the 16th Annual Needham Virtual Technology & Media Conference on May 18-19, 2021. The management presentation is scheduled for May 18 at 12:45 p.m. Eastern time and will be available for replay. ShotSpotter's solutions, including ShotSpotter Respond™, Connect™, and Investigate™, are utilized by over 100 U.S. cities to improve law enforcement response and crime deterrence. For further information or to schedule a meeting, contact Gateway Investor Relations.

ShotSpotter (SSTI) reported a strong financial performance for Q1 2021, achieving a 44% year-over-year revenue increase to $15.0 million, up from $10.5 million in Q1 2020. Gross profit also rose by 42% to $8.7 million, maintaining a gross margin of 58%. Net income reached $79,000, and adjusted EBITDA rose 53% to $3.3 million. The company expanded its services in six new cities and raised its full year revenue guidance to $60-61 million. This reflects a solid outlook amid increased demand for precision policing solutions.

ShotSpotter, Inc. (Nasdaq: SSTI) has launched ShotSpotter Investigate, an automated case management solution aimed at enhancing law enforcement investigation processes. The solution integrates with existing technology, such as the company's gunshot detection system, facilitating quicker case resolution and improved clearance rates. The FBI reports less than 50% clearance for violent crimes, highlighting the need for better investigative tools. ShotSpotter's platform aims to assist over 100 U.S. cities and federal agencies, replacing outdated manual case management systems.

ShotSpotter, Inc. (SSTI) will host a conference call on May 11, 2021, at 4:30 p.m. ET to discuss its Q1 financial results for the period ending March 31, 2021. The call will be led by management, followed by a Q&A session. Interested participants are encouraged to join five minutes early. A live audio webcast will also be available on the company’s investor relations page. The replay will be accessible post-call through June 11, 2021.