Core Points - SoundThinking, Inc. will release its fourth quarter and full year 2024 earnings on February 25, 2025, followed by a conference call to discuss the results [2][3] - The company will also present at the ROTH Conference on March 17, 2025, with management available for one-on-one meetings with investors [4][5] Financial Results Announcement - The conference call is scheduled for February 25, 2025, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) [2] - Financial results will be issued in a press release prior to the call, and a live audio webcast will be available [3] Upcoming Investor Conference - Ralph Clark, President and CEO, and Alan Stewart, CFO, will present at the ROTH Conference in Dana Point, California [4] - A live webcast and replay of the presentation will be accessible through SoundThinking's Investor Relations website [5] Company Overview - SoundThinking, Inc. is a leading public safety technology company providing AI- and data-driven solutions for law enforcement and security professionals [6] - The company serves approximately 300 customers and has collaborated with over 2,100 agencies to enhance public safety outcomes [6] - Key products include ShotSpotter, CrimeTracer, CaseBuilder, ResourceRouter, SafePointe, and PlateRanger powered by Rekor [6]

Core Insights - SoundThinking, Inc. hosted a community bike building event in partnership with the New Orleans Police Department and the New Orleans Recreation Development Commission to support local children [1][2][3] Group 1: Event Details - Approximately 275 SoundThinking employees, including senior executives, collaborated with 10 NOPD officers to build bikes for children aged 5 to 9 [2] - Each team received bike parts to assemble bicycles and wrote custom messages for the recipients before handing them over to NORD for delivery [2] Group 2: Company Mission and Community Support - SoundThinking's mission extends beyond public safety technologies to support under-resourced communities, emphasizing the importance of community engagement [3] - The company has previously contributed to various organizations, including Officer Down Memorial Page and First Responder Therapy Dogs, showcasing its commitment to community support [3] Group 3: Community Impact - New Orleans Police Superintendent Anne Kirkpatrick expressed gratitude for SoundThinking's partnership, highlighting its role in providing hope during challenging times [4] - Larry Barabino, Jr., CEO of NORD, noted that the bikes symbolize freedom and opportunity for children, reinforcing the positive impact of such partnerships [4] Group 4: Company Overview - SoundThinking, Inc. is a leading public safety technology provider, delivering AI- and data-driven solutions for law enforcement and security professionals [5] - The company serves over 300 customers and has collaborated with approximately 2,100 agencies to enhance public safety outcomes [5]

Company Overview - SoundThinking, Inc. is a leading public safety technology company that provides AI- and data-driven solutions for law enforcement, civic leadership, and security professionals [3] - The company serves over 300 customers and has collaborated with approximately 2,100 agencies to enhance public safety outcomes [3] - SoundThinking's SafetySmart™ platform includes several key products such as ShotSpotter®, CrimeTracer™, CaseBuilder™, ResourceRouter™, SafePointe®, and PlateRanger powered by Rekor [3] Upcoming Events - Alan Stewart, Chief Financial Officer of SoundThinking, will present at the 27th Annual Needham Growth Conference on January 14, 2025, at approximately 10:15 a.m. Eastern Time [2] - A live webcast and replay of the presentation will be available on SoundThinking's Investor Relations website [1]

Revenue Performance - Revenues for the three months ended September 30, 2024, were $26.3 million, a 10% increase from $24.0 million in the same period of 2023[87]. - For the nine months ended September 30, 2024, revenues reached $78.6 million, an 18% increase from $66.7 million in 2023[88]. - Revenues generated within the United States accounted for 99% of total revenues for both Q3 2024 and Q3 2023[89]. - Revenues for the three months ended September 30, 2024, increased by $2.3 million to $26.25 million, a 9% increase compared to $23.98 million in the same period of 2023[120]. - Revenues increased by $11.9 million to $78.6 million for the nine months ended September 30, 2024, representing an 18% growth compared to $66.7 million in 2023[127]. Revenue Sources - ShotSpotter revenues represented approximately 65% of total revenues for Q3 2024, down from 69% in Q3 2023[87]. - The City of New York and the City of Chicago accounted for 23% and 11% of total revenues, respectively, for the three months ended September 30, 2024[87]. Profitability and Loss - The company reported a net loss of $1.4 million for the three months ended September 30, 2024, compared to a net loss of $1.9 million in the same period of 2023[91]. - The net loss for the three months ended September 30, 2024, was $1.44 million, a reduction of $0.43 million compared to a net loss of $1.87 million in the same period of 2023[120]. - Operating loss improved by $1.6 million, decreasing to $4.1 million from $5.6 million, reflecting a 28% reduction in losses[127]. - Net loss narrowed by $1.3 million to $5.1 million, representing 6% of revenues, compared to 10% in the prior year[127]. Expenses - Cost of revenues rose by $0.8 million to $10.98 million, primarily due to increased product costs associated with a growing customer base[122]. - Operating expenses totaled $16.26 million, an increase of $1.03 million, with sales and marketing expenses rising by $0.89 million due to higher personnel costs[120][125]. - Research and development expenses increased by $0.2 million, driven by an increase in headcount to support product development initiatives[123]. - Total operating expenses rose by $6.9 million to $50.2 million, accounting for 64% of revenues, compared to 65% in 2023[127]. - Sales and marketing expenses increased by $2.0 million to $21.6 million, primarily due to higher personnel costs[130]. - Research and development expenses grew by $1.5 million to $10.4 million, largely attributed to increased headcount from the SafePointe acquisition[131]. Cash Flow and Financial Position - Cash provided by operating activities increased significantly by $12.4 million to $23.1 million, driven by a $13.4 million increase in deferred revenue[146][148]. - As of September 30, 2024, the company had cash and cash equivalents of $15.3 million and accounts receivable of $25.9 million, with an available credit facility of $21.0 million[137]. Market Presence and Expansion - The number of net new "go-live" cities and universities was 3 for Q3 2024, down from 7 in Q3 2023[96]. - ShotSpotter went live in four new cities and one university, expanding its presence and services during the quarter[121]. - The company plans to expand its international presence and has secured a three-year agreement to double ShotSpotter coverage in Montevideo, Uruguay[94]. - As of September 30, 2024, ShotSpotter had coverage areas under contract for 1,193 square miles, with 1,187 square miles live[82]. - The company had 218 SafePointe lanes under contract as of September 30, 2024[82]. Risk Factors - No material changes in market risk were reported during the nine months ended September 30, 2024, compared to the previous disclosures[156]. - Market risk exposure is primarily due to fluctuations in interest rates, foreign exchange rates, and inflation[155]. Share Repurchase - The company repurchased 418,940 shares at an average price of $14.31 per share for approximately $6.0 million under the stock repurchase program[143].

Financial Data and Key Metrics Changes - The company reported revenues of $26.3 million for Q3 2024, a 10% increase from $24 million in Q3 2023 [30] - Year-to-date revenues reached $78.6 million, representing an 18% increase from the same period last year [7] - Gross profit for Q3 2024 was $15.2 million, or 58% of revenue, compared to $13.8 million, or 57% of revenue in the prior year [31] - Adjusted EBITDA increased approximately 5% to $4.5 million from $4.3 million in Q3 2023 [32] - GAAP net loss was approximately $1.4 million, or a loss of $0.11 per share, compared to a net loss of $1.9 million, or a loss of $0.15 per share in the prior year [36] Business Line Data and Key Metrics Changes - The SafetySmart platform now includes six data-driven tools, with significant growth in CaseBuilder's subscription-based revenue, which grew approximately 1,000% year-over-year [15][10] - ShotSpotter went live in four new cities and expanded in eight existing cities during Q3 [11] - ResourceRouter is performing above expectations, with five implementations planned for Q4 [13] - The PlateRanger solution targets a $2.5 billion total addressable market (TAM) growing at a 15% CAGR [14] Market Data and Key Metrics Changes - The company is on track to exceed 100 new ShotSpotter go-live miles this year, including five new cities and nine expansion projects [12] - The Chicago ShotSpotter service concluded in late September, with a formal contract termination expected [21] - A University of Chicago Crime Lab study estimated that ShotSpotter deployment saves approximately 85 lives per year [23] Company Strategy and Development Direction - The company is focused on expanding its SafetySmart platform and enhancing public safety technology solutions [8] - Strategic partnerships, such as with Rekor Systems, are key to integrating new technologies into the SafetySmart platform [14] - The company aims to maintain a diversified and profitable growth trajectory into 2025 and beyond [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining full-year revenue guidance of $104 million to $106 million despite the loss of the Chicago contract [39] - The company anticipates revenue growth in 2025 to a range of $107 million to $109 million, even with the expected loss from the Chicago contract [40] - Management highlighted the importance of helping law enforcement agencies communicate the efficacy of their solutions to secure ongoing support [58][60] Other Important Information - The company ended Q3 2024 with $15.3 million in cash and cash equivalents, up from $9.8 million at the end of Q2 2024 [38] - Deferred revenue at the end of the quarter was $49.5 million, consistent with the previous quarter [37] Q&A Session Summary Question: Specificity of the Chicago RFI and competition - Management noted familiarity with the RFI requirements and expressed encouragement about the opportunity [42] Question: Pipeline and feedback on SafePointe upgrade - The pipeline for SafePointe is strong, with several deals expected to close in Q4 [43] Question: 2025 guidance and go-lives for ShotSpotter and SafePointe - Management expects ShotSpotter to exceed 100 miles and noted strong bookings for SafePointe [44][45] Question: Chicago contract impact on 2024 revenue - The expected revenue contribution from the Chicago contract in 2024 is about $9.2 million [49] Question: Sales cycle elongation for ShotSpotter - Sales cycles for ShotSpotter remain stable at 12 to 18 months, while SafePointe has shorter cycles [50] Question: Revenue recognition timing for SafePointe - SafePointe contracts can go live in as little as six to seven weeks after signing [54] Question: Strategic rationale for product efficacy study - The study aims to help law enforcement agencies communicate the value of ShotSpotter technology [58][60]

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]

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 ...

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 ...

Core Insights - The article emphasizes the importance of analyzing a wide range of stocks to identify interesting investment opportunities, inspired by Peter Lynch's philosophy on stock selection [1]. Group 1 - The author is focused on analyzing numerous companies and industries to build expertise and uncover potential investment opportunities [1]. - A quote from Peter Lynch is highlighted, suggesting that the more companies one examines, the higher the likelihood of finding valuable investment options [1].

Core Viewpoint - SoundThinking, Inc. has launched the next generation of its SafePointe advanced weapons detection system, featuring AI-driven software and enhanced hardware to improve threat detection in high-traffic areas [2][3]. Product Features - The upgraded SafePointe system includes advanced hardware such as a 3D camera and an NVIDIA-driven edge processor for local AI processing [3]. - A new AI model with patent-pending technology allows for simultaneous scanning of multiple individuals by combining person-motion data with magnetic signature analysis, significantly improving throughput [3]. - Enhanced enterprise features include comprehensive reporting and monitoring tools, with SOC2 and HIPAA certification processes expected to be completed by early 2025 [3]. - A new mobile app has been introduced to improve user experience with streamlined workflows and role-specific interfaces [3]. Company Background - SoundThinking, Inc. is a leading public safety technology company that provides AI- and data-driven solutions for law enforcement and security professionals, serving approximately 250 customers and over 2,100 agencies [6][7].