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SoundThinking (SSTI) Reports Q3 Loss, Tops Revenue Estimates
ZACKS· 2024-11-12 23:51
Company Performance - SoundThinking (SSTI) reported a quarterly loss of $0.11 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.08, marking an earnings surprise of -37.50% [1] - The company posted revenues of $26.25 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.19% and showing an increase from $23.98 million in the same quarter last year [2] - Over the last four quarters, SoundThinking has surpassed consensus EPS estimates just once, but has topped consensus revenue estimates three times [2] Stock Performance - SoundThinking shares have declined approximately 51.1% since the beginning of the year, contrasting with the S&P 500's gain of 25.8% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.02 on revenues of $26.7 million, and for the current fiscal year, it is -$0.38 on revenues of $105.24 million [7] Industry Outlook - The Security and Safety Services industry, to which SoundThinking belongs, is currently ranked in the bottom 46% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact SoundThinking's stock performance [5]
SoundThinking(SSTI) - 2024 Q3 - Quarterly Results
2024-11-12 21:21
Exhibit 99.1 SoundThinking Reports Third Quarter 2024 Financial Results Revenues Increased 10% to $26.3 Million, Driven by New and Existing Customer Growth Company Reaf irms FY 2024 Revenue Guidance Range of $104.0 Million to $106.0 Million, Representing 13% YearOver-Year Growth at the Midpoint, and FY 2024 Adjusted EBITDA Margin Guidance Range of 18% to 20% Company Introduces FY 2025 Revenue Guidance Range of $107.0 Million to $109.0 Million, Representing 3% Year-OverYear Growth at the Midpoint, and FY 202 ...
SoundThinking to Announce Third Quarter 2024 Conference Call for Tuesday, November 12, 2024 at 4:30 p.m. ET and Participate in Upcoming Investor Conferences
GlobeNewswire News Room· 2024-10-22 12:30
FREMONT, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) -- SoundThinking, Inc. (Nasdaq: SSTI), a leading public safety technology company, today announced the date for the release of its third quarter 2024 earnings and its participation in upcoming investor conferences. Third Quarter 2024 Earnings Date SoundThinking will hold a conference call on Tuesday, November 12, 2024 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the third quarter ended September 30, 2024. Financial re ...
SoundThinking Expands ShotSpotter Coverage in Montevideo, Uruguay, Doubling Deployment Footprint
GlobeNewswire News Room· 2024-10-21 12:30
Summary: SoundThinking, Inc. today announced a 3-year agreement with the Ministry of Interior of Uruguay to double ShotSpotter’s coverage in Montevideo, expanding its gunshot detection system coverage by an additional 12 square kilometers. BOSTON, Oct. 21, 2024 (GLOBE NEWSWIRE) -- IACP – SoundThinking, Inc. (Nasdaq: SSTI), a leading public safety technology provider, today announced a major expansion of its ShotSpotter gunshot detection system in Montevideo, Uruguay. The Ministry of Interior for the Orienta ...
SoundThinking: Selloff Creates A Buying Opportunity
Seeking Alpha· 2024-10-01 08:29
I'm analyzing as many stocks as possible to build competence across as many companies and industries as I can, and I'll be sharing interesting stocks I find along the way. I've always found this quote by Peter Lynch to be inspiring: "I always thought if you looked at ten companies, you'd find one that's interesting, if you'd look at twenty, you'd find two, or if you look at hundred you'll find ten." Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies menti ...
Next Generation of SafePointe Weapons Detection System Now Available
GlobeNewswire News Room· 2024-09-23 12:30
Summary: SoundThinking today announced the next generation of SafePointe, its advanced weapons detection solution, featuring new AI-driven software and advanced hardware to improve threat detection in high-traffic areas. FREMONT, Calif., Sept. 23, 2024 (GLOBE NEWSWIRE) -- SoundThinking, Inc. (Nasdaq: SSTI), a leading public safety technology company, today announced the availability of the next generation of SafePointe®, which is a major upgrade of its advanced weapons detection system. This release feature ...
Independent Research Demonstrates ShotSpotter's Impact, Effectiveness, Success and Value in Winston-Salem
GlobeNewswire News Room· 2024-08-29 00:00
Summary: SoundThinking, Inc. today announced recently published independent research that demonstrates benefits of ShotSpotter in Winston-Salem, including lives saved, reduction in violent crime, enhanced evidence collection and an estimated return of $26 for every dollar spent. FREMONT, Calif., Aug. 28, 2024 (GLOBE NEWSWIRE) -- SoundThinking, Inc. (Nasdaq: SSTI), a leading public safety technology company, today delivered a report to Winston-Salem officials outlining the welldocumented success of the city' ...
SoundThinking(SSTI) - 2024 Q2 - Quarterly Report
2024-08-14 21:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38107 SoundThinking, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 47-0949915 (State or other jurisdiction ...
SoundThinking to Present at the 2024 Gateway Conference on September 5th
GlobeNewswire News Room· 2024-08-14 12:30
FREMONT, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) -- SoundThinking, Inc. (Nasdaq: SSTI), a leading public safety technology company, is confirmed to present at the 2024 Annual Gateway Conference, which is being held September 4-5, at the Four Seasons Hotel in San Francisco, CA. SoundThinking's management team is scheduled to present on Thursday, September 5th at 10:30 a.m. Pacific Time (PT). The presentation will be webcast live and available for replay here. In addition to the presentation, SoundThinking exe ...
Wall Street Analysts Predict a 55.07% Upside in SoundThinking (SSTI): Here's What You Should Know
ZACKS· 2024-08-09 14:55
SoundThinking (SSTI) closed the last trading session at $14.60, gaining 18.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $22.64 indicates a 55.1% upside potential. The mean estimate comprises seven short-term price targets with a standard deviation of $4.25. While the lowest estimate of $17.50 indicates a 19.9% increase from the current price level, the most optimistic analyst ...