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].

Core Insights - SoundThinking, Inc. has published independent research demonstrating the effectiveness of its ShotSpotter program in Winston-Salem, highlighting benefits such as lives saved, reduction in violent crime, enhanced evidence collection, and a significant return on investment of $26 for every dollar spent [1][2]. Group 1: Research Findings - The report, based on an independent study by the Center for Crime Science and Violence Prevention, indicates that ShotSpotter has directed police to 27 gunshot victims, with at least two lives saved [3]. - ShotSpotter has led to a 24% reduction in aggravated assaults and homicides in its coverage area, contrasting with a 2% increase in areas without the technology [3]. - The program has resulted in the recovery of 3,476 shell casings within a 3 square mile area, suggesting a 4,400% increase in evidence collection compared to the total of 3,597 shell casings recovered citywide during the same period [3]. - Financially, ShotSpotter has saved Winston-Salem between $8.4 million and $8.8 million annually due to decreased violent crime, yielding a return of approximately $26 for every $1 invested [3]. Group 2: Company Overview - SoundThinking, Inc. is a leading public safety technology company that provides AI- and data-driven solutions for law enforcement and civic leadership, serving around 250 customers and over 2,100 agencies [7]. - The company's SafetySmart™ platform includes various technologies such as ShotSpotter®, CrimeTracer™, CaseBuilder™, ResourceRouter™, SafePointe®, and PlateRanger powered by Rekor, aimed at enhancing public safety outcomes [7].

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 ...

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 ...

Summary: SoundThinking, Inc. today announced 4 new contracts and expansions for the deployment of ShotSpotter and ResourceRouter, industry-leading public safety technologies, enhancing public safety across key regions in Illinois and the Chicagoland area. FREMONT, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) -- SoundThinking, Inc. (Nasdaq: SSTI), a leading public safety technology company, today announced a total of 4 new customer agreements and expanded coverage areas for its flagship ShotSpotter gunshot detecti ...

Summary: SoundThinking, Inc. today announced 4 new contracts and expansions for the deployment of ShotSpotter and ResourceRouter, industry-leading public safety technologies, enhancing public safety across key regions in Illinois and the Chicagoland area. FREMONT, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) -- SoundThinking, Inc. (NASDAQ:SSTI), a leading public safety technology company, today announced a total of 4 new customer agreements and expanded coverage areas for its flagship ShotSpotter gunshot detectio ...

Company Performance - SoundThinking (SSTI) reported a quarterly loss of $0.07 per share, better than the Zacks Consensus Estimate of a loss of $0.09, and an improvement from a loss of $0.28 per share a year ago, representing an earnings surprise of 22.22% [1] - The company posted revenues of $26.96 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 5.31%, compared to year-ago revenues of $22.08 million [2] - Over the last four quarters, SoundThinking has surpassed consensus revenue estimates three times [2] Stock Performance - SoundThinking shares have declined approximately 46.2% since the beginning of the year, while the S&P 500 has gained 8.7% [3] - The current consensus EPS estimate for the coming quarter is -$0.03 on revenues of $26.84 million, and for the current fiscal year, it is -$0.35 on revenues of $105.04 million [7] Industry Outlook - The Security and Safety Services industry, to which SoundThinking belongs, is currently ranked in the top 29% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry performance can significantly impact individual stock performance [5][8]