SoundThinking(SSTI)

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SoundThinking(SSTI) - 2024 Q1 - Quarterly Results
2024-05-14 20:10
Exhibit 99.1 SoundThinking, Inc. Reports First Quarter 2024 Financial Results Revenues Increased 23% to $25.4 Million, Driven by New and Expanding Customer Subscriptions, and Contributions from SafePointe Company Reaf irms FY 2024 Revenue Guidance Range of $104.0 Million to $106.0 Million, Representing 13% Year- Over-Year Growth at the Midpoint and FY 2024 Adjusted EBITDA Margin Guidance Range of 18 to 20% FREMONT, CA – May 14, 2024 – SoundThinking, Inc. (Nasdaq: SSTI), a leading public safety technology co ...
SoundThinking(SSTI) - 2023 Q4 - Annual Report
2024-04-01 21:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 (Mark One) FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 of in ...
SoundThinking(SSTI) - 2023 Q4 - Annual Results
2024-02-27 21:11
Exhibit 99.1 SoundThinking, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results Revenues Increased 24% to a Record $26.0 Million, Marking Highest Quarterly Revenues in Company History Company Introduces FY 2024 Revenue Guidance Range of $104.0 Million to $106.0 Million, Representing 13% Year- Over-Year Growth at the Midpoint and FY 2024 Adjusted EBITDA Margin Guidance Range of 18 to 20% FREMONT, CA – February 27, 2024 – SoundThinking, Inc. (Nasdaq: SSTI), a leading public safety technology comp ...
SoundThinking(SSTI) - 2023 Q3 - Quarterly Report
2023-11-14 21:30
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 September 30, 2023 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 jurisdic ...
SoundThinking(SSTI) - 2023 Q3 - Earnings Call Transcript
2023-11-08 01:23
SoundThinking, Inc. (NASDAQ:SSTI) Q3 2023 Earnings Conference Call November 7, 2023 4:30 PM ET Company Participants Ralph Clark - President, CEO & Director Alan Stewart - CFO Conference Call Participants Richard Baldry - ROTH MKM Partners Michael Latimore - Northland Capital Markets Yi Fu Lee - Cantor Fitzgerald Operator Good afternoon, and welcome to SoundThinking's Third Quarter 2023 Conference Call. My name is Ariel, and I will be your operator for today's call. Joining us are SoundThinking's CEO, Ralph ...
SoundThinking(SSTI) - 2023 Q2 - Quarterly Report
2023-08-10 20:34
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, 2023 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(SSTI) - 2023 Q2 - Earnings Call Transcript
2023-08-09 02:19
Financial Data and Key Metrics - The company maintains its full-year 2023 revenue guidance in the range of $92 million to $94 million, while adjusting the adjusted EBITDA margin to 16% to 18% of revenues [1][4] - Q2 2023 revenues were $22.1 million, a 10% increase compared to $20 million in Q2 2022 [6] - Gross profit for Q2 2023 was $12.7 million or 57% of revenue, compared to $11.6 million or 58% of revenue in Q2 2022 [6] - Adjusted net income for Q2 2023 was a loss of $3.5 million or $0.28 per share, compared to a loss of $427,000 or $0.04 per share in Q2 2022 [8] - Adjusted EBITDA for Q2 2023 was $2.4 million or 11% of revenues, down from $4.1 million or 20% of revenues in Q2 2022 [62][64] - The company ended Q2 with $3.9 million in cash and cash equivalents, down from $10.5 million at the end of Q4 2022 [16] Business Line Data and Key Metrics - The company launched ShotSpotter in seven new cities and one new university, and expanded in seven current cities and one current university in Q2 [2] - The company expects to add approximately 140 new miles of ShotSpotter coverage in 2023, a 40% increase compared to 2022 [31] - The company closed three cross-sell/bundled deals in Q2, with the pipeline for such deals growing [53] - The company is negotiating an agreement with PredPol to transition their customers to SoundThinking's ResourceRouter solution and acquire their patents [22] Market Data and Key Metrics - The company is seeing increased interest in its SafetySmart platform solutions across various markets [2] - The company is working with the Chicago Police Department to demonstrate the value of ShotSpotter in saving lives and enhancing investigations [20] - The company is negotiating a multiyear contract with Puerto Rico, following a 90-day interim extension [24][43] Company Strategy and Industry Competition - The company is focused on expanding its competitive moat with new features like Ground Truth and Shot Cast, which enhance law enforcement transparency and effectiveness [52] - The company is investing in innovation, including a new acoustic gunshot detection sensor platform with improved accuracy [21] - The company is leveraging its platform to target new buying centers, such as state-level agencies, in addition to traditional local law enforcement [109] Management Commentary on Operating Environment and Future Outlook - The company is confident in its growth trajectory, particularly in partnering with law enforcement for digital transformation [13] - The company expects gross margins to improve in the second half of 2023, driven by the large CaseBuilder contract with the Department of Corrections [6][74] - The company anticipates that G&A expenses will decrease as a percentage of revenues in Q3 and Q4, despite staying similar in absolute dollars [32] - The company is optimistic about its prospects for a multiyear contract award in Puerto Rico, given its track record and value to the Puerto Rico Police Department [43] Other Important Information - The company repurchased 100,401 shares at an average price of $23.79 for approximately $2.4 million in Q2 [16] - The company has approximately $25 million available on its line of credit and no short or long-term debt outstanding [16] - The company experienced zero attrition in Q2 [48] Q&A Session Summary Question: Can you provide more details on the potential upside to the 140-mile ShotSpotter deployment forecast? - The company is working on closing several deals that could add an additional 10 miles, depending on the timing of contract negotiations and deployment [10][67] Question: Can you discuss the factors around deploying the large CaseBuilder deal and its impact on the P&L? - The company has already staffed up for the Department of Corrections contract, which is expected to bring in $2 million annually in subscription revenue and $1-2 million in professional services, with higher gross margins [90] Question: What percentage of bookings in the first half of the year came from Tier 4 and Tier 5 cities? - The company did not provide a specific percentage but mentioned that new cities and expansions are contributing to the growth [73] Question: Can you provide more color on the expected gross margins for the second half of the year? - The company expects gross margins to improve, potentially reaching close to 60% by year-end, driven by the Puerto Rico contract and the Department of Corrections deal [74] Question: How are you managing account conflict as you add more reps per territory? - The company has a structured approach with territory reps collaborating with overlay reps specializing in different products, ensuring effective account management [91] Question: What is a reasonable target for EBITDA margin going forward? - The company expects to return to EBITDA margins in the 20s next year, driven by prudent investments in sales and marketing and the scaling of the business [92][93] Question: Can you discuss the demand environment for the CrimeTracer solution? - The company is seeing strong demand, with one bundled deal led by the CrimeTracer solution, indicating a growing pipeline for cross-sell opportunities [96][98]
SoundThinking(SSTI) - 2023 Q1 - Earnings Call Transcript
2023-05-13 22:13
SoundThinking, Inc. (NASDAQ:SSTI) Q1 2023 Results Conference Call May 9, 2023 4:30 PM ET Company Participants Ralph Clark - CEO Alan Stewart - CFO Conference Call Participants Brian Ruttenbur - Imperium Capital Richard Baldry - ROTH MKM Jeremy Hamblin - Craig-Hallum Jaeson Schmidt - Lake Street Willow Miller - William Blair & Company Operator Good afternoon, and welcome to SoundThinking's First Quarter 2023 Conference Call. My name is Ali, and I will be your operator for today's call. Joining us are SoundTh ...
SoundThinking(SSTI) - 2023 Q1 - Quarterly Report
2023-05-12 21:36
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 March 31, 2023 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. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File ...
SoundThinking (SSTI) Investor Relations - Slideshow
2023-05-08 01:26
& SOUNDTHINKING Cautionary Note Regarding Forward-Looking Statements Investment Highlights Loyal customer base with minimum churn and down-sell 3 | --- | --- | --- | --- | |------------------------------------|-----------------------------|---------------------------------------------|--------------------------------| | | | | | | $2.5bn+ Core TAM | $81mm 2022 Revenue 1 | ~23% 2021A-2025E Revenue CAGR 2 | 20% 2022 Adj. EBITDA Margin 1 | | 124% Net Revenue Retention Rate 3 | 99% Gross Retention Rate 4 | $0.40 ...