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SoundThinking Releases Fourth Environmental, Social, And Governance (ESG) Report
GlobeNewswire· 2025-06-17 12:00
Core Insights - SoundThinking has released its fourth annual Environmental, Social, and Governance (ESG) Report, emphasizing its commitment to advancing public safety through responsible technology use [1][2] - The report highlights the company's mission to enhance law enforcement efficiency and equity in community safety outcomes [2][3] Group 1: Public Safety Technology and Community Safety - SoundThinking's SafetySmart™ platform integrates specialized software and data to assist law enforcement in protecting communities, enabling rapid and precise responses to gunfire incidents [4] - The technology supports efficient investigative work and helps agencies optimize resources for improved public safety outcomes [4] Group 2: Social Impact - The report emphasizes SoundThinking's collaboration with local organizations to promote community safety initiatives, positively impacting individuals in the communities served [5] - The company is expanding its Data for Good program, providing non-policing organizations with essential data and tools to address crime and violence root causes [5] Group 3: Governance, Transparency, and Trust - The ESG Report outlines SoundThinking's governance structure, focusing on diversity, equity, and inclusion [6] - The company has enhanced its security framework and established AI governance roles to ensure responsible technology development, demonstrating a commitment to stakeholder trust [6] Group 4: Environmental Sustainability - SoundThinking is dedicated to minimizing its environmental footprint through sustainable practices, including energy-efficient product design and e-waste management [7] - The company applies its technology expertise to environmental protection efforts, such as preserving marine ecosystems in the Coral Triangle [7] Group 5: Company Overview - SoundThinking, Inc. is a leading public safety technology provider, delivering AI- and data-driven solutions for law enforcement and civic leadership [10] - The company serves over 300 customers and has collaborated with approximately 2,100 agencies to enhance public safety outcomes [10]
SoundThinking to Participate in the UBS SMID-Cap Multisector Virtual Conference on June 24, 2025
Globenewswire· 2025-06-11 20:15
Group 1 - SoundThinking, Inc. will participate in the UBS SMID-Cap Multisector Virtual Conference on June 24, 2025, offering one-on-one and small group meetings with investors [1] - The company is recognized as a leading public safety technology provider, delivering AI- and data-driven solutions for law enforcement and security professionals [2] - SoundThinking serves over 300 customers and has collaborated with approximately 2,100 agencies to enhance public safety outcomes [2] Group 2 - The company's SafetySmart™ platform includes several key products: ShotSpotter, CrimeTracer™, CaseBuilder™, ResourceRouter™, SafePointe, and PlateRanger powered by Rekor [2] - SoundThinking has been designated as a Great Place to Work Company, indicating a positive work environment [2] - Contact information for company representatives is provided for investor relations and inquiries [3]
SoundThinking Honors Law Enforcement During National Police Week 2025
Globenewswire· 2025-05-13 22:00
Company Commitment - SoundThinking, Inc. honors law enforcement officers during National Police Week, reaffirming its commitment to the law enforcement community [1][4] - The company emphasizes the importance of supporting law enforcement through action, providing mission-critical public safety technologies that enhance officer safety and decision-making [3][5] Industry Context - National Police Week serves as a reminder of the sacrifices made by law enforcement, with 148 officers reported to have lost their lives in 2024, contributing to over 24,000 names on the National Law Enforcement Officers Memorial [2] - SoundThinking collaborates with various organizations to support law enforcement, including funding community safety programs and providing emotional support through initiatives like First Responder Therapy Dogs [6] Company Overview - SoundThinking is a leading public safety technology provider, delivering AI- and data-driven solutions to over 300 customers and approximately 2,100 agencies [5] - The company's SafetySmart™ platform includes several advanced technologies such as ShotSpotter®, CrimeTracer™, and SafePointe®, aimed at improving public safety outcomes [5]
SoundThinking, Inc. Reports First Quarter 2025 Financial Results
Globenewswire· 2025-05-13 20:05
Core Insights - Company reported a 12% increase in revenues to $28.3 million for Q1 2025, driven by the renewal of two delayed contracts with the New York City Police Department [1][6][7] - Company reaffirmed FY 2025 revenue guidance of $111.0 million to $113.0 million, indicating a 10% year-over-year growth at the midpoint, while adjusting the Adjusted EBITDA margin guidance down to 20% to 22% [1][12] - Company expects Annual Recurring Revenue (ARR) to rise from $95.6 million at the start of 2025 to approximately $110.0 million at the beginning of 2026 [1][12] Financial Performance - Revenues for Q1 2025 were $28.3 million, up from $25.4 million in Q1 2024, with gross profit increasing 11% to $16.6 million [6][7][8] - GAAP net loss narrowed to $1.5 million in Q1 2025 from a loss of $2.9 million in Q1 2024, with Adjusted EBITDA improving to $4.5 million, representing 16% of revenues [7][9] - Total operating expenses for Q1 2025 were $17.8 million, slightly up from $17.5 million in the same period last year, primarily due to increased employee-related compensation [8] Strategic Developments - Company launched its flagship offering, ShotSpotter®, in four new cities and expanded with one existing customer, indicating strong market traction [4][7] - The company is focusing on advancing its offerings through strategic investments in machine learning and AI technologies, aiming to enhance its value proposition [5] - Company is optimistic about growth opportunities in the commercial security market with its SafePointe product, which addresses emerging security and compliance needs [4][5] Financial Outlook - Company reaffirmed its full-year 2025 revenue guidance range of $111.0 million to $113.0 million, with a reduced Adjusted EBITDA margin guidance range of 20% to 22% [1][12] - Long-term financial targets include achieving a 70% gross margin and a 40% Adjusted EBITDA margin while maintaining a revenue growth rate of 15% per year [5][13]
SoundThinking to Announce First Quarter 2025 Conference Call for Tuesday, May 13, 2025, at 4:30 p.m. ET and Participate in Upcoming Investor Conferences
Globenewswire· 2025-04-22 20:15
Core Viewpoint - SoundThinking, Inc. is set to release its first quarter 2025 earnings on May 13, 2025, and will participate in several upcoming investor conferences, highlighting its commitment to transparency and investor engagement [1][2][4]. Earnings Announcement - The earnings conference call will take place on May 13, 2025, at 4:30 p.m. Eastern time, with financial results being released prior to the call [2][3]. - A live audio webcast will be available for the conference call, with a replay accessible after 7:30 p.m. Eastern time on the same day until May 27, 2025 [3][4]. Upcoming Investor Conferences - Ralph Clark, President and CEO, and Alan Stewart, CFO, will participate in multiple investor conferences, including the Ladenburg Thalmann Innovation Expo on May 21, 2025, and the Wolfe Research Small and Mid-Cap Conference on June 4-5, 2025 [4][7]. - Alan Stewart will also attend the ROTH London Conference on June 25, 2025, for one-on-one and small group meetings [7]. Company Overview - SoundThinking, Inc. is a leading public safety technology company that provides AI- and data-driven solutions for law enforcement and security professionals, serving over 300 customers and approximately 2,100 agencies [5]. - The company's SafetySmart™ platform includes several key products such as ShotSpotter®, CrimeTracer™, CaseBuilder™, ResourceRouter™, SafePointe®, and PlateRanger™ powered by Rekor® [5].
SoundThinking Enhances PlateRanger Investigative Capabilities with Integrations into SafetySmart Platform and Partner Technologies, Providing a ‘Force Multiplier'
GlobeNewswire News Room· 2025-04-15 12:30
Core Viewpoint - SoundThinking has integrated PlateRanger into its SafetySmart platform, enhancing public safety capabilities and enabling law enforcement agencies to improve investigative workflows and outcomes [2][4]. Integration and Technology - The integration of PlateRanger, an advanced license plate recognition solution, with ShotSpotter and CrimeTracer allows law enforcement to combine real-time gunshot detection data with vehicle identification and cross-jurisdictional insights [3][5]. - The Rekor Public Safety Network (RPSN) facilitates secure data sharing across jurisdictions, enhancing investigative speed and interoperability while respecting data ownership [6][7]. Benefits to Law Enforcement - The integration provides enhanced investigations by linking gunfire events with suspect vehicle data, allowing for more comprehensive follow-up [5]. - Multi-agency collaboration is improved through integrated systems that enable data sharing, helping to uncover connections between incidents [7]. - The commitment to open standards allows for seamless integration with existing systems, differentiating SoundThinking in the market [7]. Market Impact - SoundThinking serves over 175 ShotSpotter customers and approximately 2,100 CrimeTracer agencies, providing access to more than 1 billion records, thus expanding its market footprint [8].