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SoundThinking Appoints Kirk Arthur as Senior Vice President of Global Sales and Manuel Nylen as Vice President of Sales for SafePointe
Globenewswire· 2026-01-20 13:00
Core Viewpoint - SoundThinking, Inc. is enhancing its sales leadership by appointing Kirk Arthur as Senior Vice President of Global Sales and Manuel Nylen as Vice President of Sales for SafePointe, aiming for accelerated growth in public safety, security, and enterprise markets [1][2]. Group 1: Leadership Appointments - Kirk Arthur will lead the global sales and solutions organization, focusing on go-to-market strategy, revenue execution, and customer engagement [3]. - Manuel Nylen will oversee sales for SafePointe, targeting expansion in healthcare, gaming, corporate campuses, and other security-sensitive environments [3]. Group 2: Leadership Backgrounds - Kirk Arthur has extensive experience in public service and enterprise technology, previously serving at Microsoft and the United States Secret Service, where he led initiatives in government modernization and electronic crimes [4]. - Manuel Nylen has a strong background in security technology sales, having held leadership roles at Milestone Systems and BriefCam, where he focused on revenue growth and channel partnerships [5]. Group 3: Company Growth Strategy - The appointments come at a crucial time for SoundThinking, as the company aims to scale its SafetySmart™ platform across various markets [2][6]. - Arthur emphasizes the significant market potential and innovative solutions that SoundThinking offers, aiming to enhance public safety profiles [6]. - Nylen describes SafePointe as a transformative solution in security, utilizing AI to improve weapons detection without traditional checkpoints [6]. Group 4: Company Overview - SoundThinking, Inc. is a leading public safety technology company providing AI- and data-driven solutions for law enforcement and security professionals, trusted by over 300 customers and approximately 2,100 agencies [9]. - The company's SafetySmart™ platform includes various solutions such as ShotSpotter, CrimeTracer™, CaseBuilder™, ResourceRouter™, SafePointe, and PlateRanger powered by Rekor [9].
SoundThinking Opens New Alert Review Center in Orlando, Establishing Permanent Hub for SafePointe Operations
Globenewswire· 2025-12-17 13:30
Core Insights - SoundThinking has opened a new Alert Review Center (ARC) in downtown Orlando, FL, which will serve as a centralized operational hub for its SafePointe alert review operations, creating nearly 30 public-safety jobs in the region [1][3]. Group 1: Company Operations - The ARC will support SafePointe, an AI-enabled weapons detection system, by allowing trained reviewers to analyze alerts in real time, providing timely and accurate information for safety operations in various public spaces [2][3]. - The facility is located in 1,872 square feet of office space in the Regions Bank Tower, demonstrating SoundThinking's long-term commitment to the downtown Orlando area through a three-year renewable lease [4]. Group 2: Employment and Economic Impact - The consolidation of previously remote roles into the downtown facility is expected to contribute to the growth of the technology and public-safety workforce in the region, with nearly 30 full-time employees anticipated once hiring is complete [3]. - The decision to establish the ARC in downtown Orlando is seen as a boost to the local ecosystem of innovative employers, reinforcing the area's appeal for companies looking to grow and collaborate [5]. Group 3: Company Background - SoundThinking, Inc. (Nasdaq: SSTI) is a leading public safety technology company that provides AI- and data-driven solutions for law enforcement and security professionals, trusted by over 300 customers and approximately 2,100 agencies [7].
SoundThinking to Participate in the Needham Growth Conference
Globenewswire· 2025-12-16 13:00
Core Insights - SoundThinking, Inc. will have its CFO Alan Stewart participate virtually in the 28th Annual Needham Growth Conference on January 15, 2026, providing an opportunity for investors to engage with management [1]. Company Overview - SoundThinking, Inc. is a leading public safety technology provider that offers AI- and data-driven solutions for law enforcement, civic leadership, and security professionals [2]. - The company serves over 300 customers and has collaborated with approximately 2,100 agencies to enhance public safety outcomes [2]. - SoundThinking's SafetySmart™ platform includes several key products: - ShotSpotter, an acoustic gunshot detection system - CrimeTracer™, a law enforcement search engine - CaseBuilder™, an investigation management system - ResourceRouter™, software for directing patrol and anti-violence resources - SafePointe, an AI-based weapons detection system - PlateRanger powered by Rekor, an automatic license plate recognition solution [2]. - The company has been recognized as a Great Place to Work [2].
SoundThinking Analysts Cut Their Forecasts After Weak Q3 Results - SoundThinking (NASDAQ:SSTI)
Benzinga· 2025-11-13 15:27
Core Insights - SoundThinking, Inc. reported worse-than-expected Q3 financial results, with losses of 16 cents per share compared to the analyst consensus estimate of 6 cents per share [1] - Quarterly sales were $25.100 million, missing the analyst consensus estimate of $27.953 million [1] - The company cut its FY2025 sales guidance from a range of $111 million-$113 million to $104 million [2] Financial Performance - Q3 losses were reported at 16 cents per share, missing expectations [1] - Sales for the quarter were $25.100 million, below the expected $27.953 million [1] Guidance Update - FY2025 sales guidance was revised down from $111 million-$113 million to $104 million [2] Company Developments - The company is focused on enhancing community safety through data and technology, with recent expansions in its ShotSpotter footprint and new AI capabilities [3] - The Net Promoter Score increased from 66 to approximately 70, indicating strong customer satisfaction and retention [3] Market Reaction - Following the earnings announcement, SoundThinking shares fell by 19.6%, trading at $6.78 [3] Analyst Ratings - Cantor Fitzgerald analyst maintained an Overweight rating but lowered the price target from $20 to $16 [6] - Citizens analyst also maintained a Market Outperform rating while reducing the price target from $19 to $16 [6]
SoundThinking Analysts Cut Their Forecasts After Weak Q3 Results
Benzinga· 2025-11-13 15:27
Core Insights - SoundThinking, Inc. reported worse-than-expected Q3 financial results, with losses of 16 cents per share compared to the analyst consensus estimate of 6 cents per share [1] - Quarterly sales were $25.100 million, missing the analyst consensus estimate of $27.953 million [1] - The company cut its FY2025 sales guidance from a range of $111 million to $113 million down to $104 million [2] Financial Performance - The reported quarterly losses were significantly higher than expected, indicating potential challenges in revenue generation [1] - The sales figure of $25.100 million reflects a shortfall against market expectations, suggesting weaker demand or operational issues [1] Management Commentary - CEO Ralph Clark emphasized the company's commitment to enhancing community safety through data and technology, highlighting recent advancements such as the expansion of ShotSpotter and the introduction of new AI capabilities [3] - The company's Net Promoter Score improved from 66 to approximately 70, indicating strong customer satisfaction and retention [3] Market Reaction - Following the earnings announcement, SoundThinking shares experienced a significant decline of 19.6%, trading at $6.78 [3] Analyst Ratings - Cantor Fitzgerald analyst Jonathan Ruykhaver maintained an Overweight rating but lowered the price target from $20 to $16 [6] - Citizens analyst Trevor Walsh also maintained a Market Outperform rating while reducing the price target from $19 to $16 [6]
SoundThinking, Inc. Reports Third Quarter 2025 Financial Results
Globenewswire· 2025-11-12 21:05
Core Insights - SoundThinking, Inc. has revised its full-year 2025 revenue guidance down from a range of $111.0 million to $113.0 million to approximately $104.0 million due to contract delays [4][12] - The company reported a 4% year-over-year decline in third-quarter revenues, totaling $25.1 million compared to $26.3 million in the same quarter of 2024 [5][7] - Adjusted EBITDA for Q3 2025 was $3.5 million, representing 14% of revenues, down from $4.5 million or 17% of revenues in Q3 2024 [9][19] Financial Performance - Revenues for Q3 2025 were $25.1 million, a decrease of $1.2 million from Q3 2024, primarily due to the absence of a significant contract with the City of Chicago [5][6] - Gross profit for Q3 2025 was $13.6 million, accounting for 54% of revenues, compared to $15.2 million or 58% of revenues in Q3 2024 [6][7] - The company reported a GAAP net loss of $2.0 million for Q3 2025, compared to a net loss of $1.4 million in Q3 2024 [9][24] Operational Highlights - The company expanded its ShotSpotter footprint and introduced new AI capabilities with the CrimeTracer Gen3 beta release [4] - SoundThinking achieved a Net Promoter Score of approximately 70, up from 66, indicating strong customer satisfaction and retention [4][7] - The company repurchased 160,271 shares of common stock for approximately $2.0 million as part of its share repurchase program [11] Future Outlook - The company anticipates accelerated revenue growth and increased profitability in 2026 and beyond, maintaining long-term financial targets of 70% gross margin and 40% Adjusted EBITDA margin [13] - SoundThinking's transformation from a domestic ShotSpotter business to a global SafetySmart platform company is progressing well, with expectations for renewed top-line growth [13][20]
SoundThinking Announces Revised Date for Third Quarter 2025 Financial Results Date and Conference Call
Globenewswire· 2025-10-16 20:15
Core Viewpoint - SoundThinking, Inc. has announced a rescheduling of its third quarter 2025 financial results release and conference call due to an unforeseen scheduling conflict, now set for November 12, 2025 [1][2] Company Overview - SoundThinking, Inc. is a leading public safety technology provider, delivering AI- and data-driven solutions for law enforcement and security professionals [4] - The company serves over 300 customers and has collaborated with approximately 2,100 agencies to enhance public safety outcomes [4] - SoundThinking's SafetySmart™ platform includes several key products such as ShotSpotter, CrimeTracer™, CaseBuilder™, ResourceRouter™, SafePointe, and PlateRanger™ powered by Rekor [4] - The company has been recognized as a Great Place to Work [4] Upcoming Financial Results - The third quarter 2025 earnings conference call will occur on November 12, 2025, at 4:30 p.m. Eastern Time, with financial results to be released prior to the call [2] - Participants can join the call via webcast on SoundThinking's Investor Relations website or by telephone [3]
SoundThinking Announces Third Quarter 2025 Financial Results Date and Conference Call; Participation in Upcoming Investor Conference
Globenewswire· 2025-10-15 20:15
Core Viewpoint - SoundThinking, Inc. is set to release its third quarter 2025 financial results on November 11, 2025, and will participate in the ROTH Technology Conference on November 19, 2025, highlighting its ongoing engagement with investors and stakeholders [1][2][4]. Financial Results Announcement - The conference call to discuss the third quarter 2025 financial results will take place on November 11, 2025, at 4:30 p.m. Eastern Time [2]. - Financial results will be released in a press release prior to the call [2]. Participation in Investor Conference - SoundThinking's executive management will attend the ROTH Technology Conference in New York City on November 19, 2025 [4]. - Interested parties can contact the investor relations team for additional information or to schedule meetings [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]. - Key products include the SafetySmart™ platform, which features ShotSpotter, CrimeTracer™, CaseBuilder™, ResourceRouter™, SafePointe, and PlateRanger™ powered by Rekor [5].
SoundThinking (SSTI) 2025 Conference Transcript
2025-09-04 19:00
Summary of SoundThinking (SSTI) Conference Call Company Overview - **Company Name**: SoundThinking, formerly known as ShotSpotter - **Ticker Symbol**: SSTI - **Industry**: Public safety technology, focusing on AI and data-driven solutions for law enforcement and security professionals [1][2] Core Business and Growth Strategy - **Unique Platform**: SoundThinking offers a SafetySmart platform that includes various applications aimed at enhancing law enforcement productivity [3] - **Revenue Diversification**: Initially, ShotSpotter accounted for 100% of revenues; now it represents 65%, with expectations to drop to 35% as new solutions are introduced [5] - **Revenue Figures**: - 2024 Revenue: $102 million with 14% adjusted EBITDA - 2025 Projected Revenue: $111 to $113 million with 20% to 22% adjusted EBITDA [6] Product Offerings - **ShotSpotter**: Acoustic gunshot detection technology, crucial for real-time alerts to law enforcement [11] - **ResourceRouter**: AI-based patrol management solution to optimize resource deployment [19] - **CaseBuilder**: Integrated case management tool for detectives, improving case closure rates [20] - **CrimeTracer**: Search and analytics tool with access to over 1 billion police records [21] - **SafePointe**: Weapons detection technology aimed at commercial security [23] - **PlateRanger**: Automatic license plate reader technology [4] Market Opportunity - **Total Addressable Market (TAM)**: Significant growth potential in public safety technology, particularly in concealed weapons detection and international markets [4][29] - **International Expansion**: Recent sales in Latin America (Uruguay and Brazil) with pricing leverage of 3-4 times domestic rates [8][35] Financial Metrics - **Customer Acquisition Cost**: $0.63 per dollar of annual contract value, indicating strong unit economics [7] - **Retention Rates**: High net revenue retention and gross retention rates, supported by a strong Net Promoter Score (NPS) [6][10] - **Long-term Financial Goals**: Targeting 15% top-line revenue growth, 70% gross margin, and 40% adjusted EBITDA over the next few years [29][30] Operational Insights - **Service Level Agreement (SLA)**: 90% SLA with 97% effectiveness in alert accuracy, including false positives and location accuracy [16][17] - **Cost Management**: Anticipated flat costs in goods sold while revenue increases, leading to improved gross margins [28][30] Customer Engagement - **Product Bundling**: Approximately 30 customers utilize more than one solution, with some using up to four [33] - **Strategic Relationships**: Building long-term relationships with law enforcement agencies to enhance service delivery and customer loyalty [10] Additional Considerations - **Acquisitions**: Four acquisitions in the last six years, with no immediate plans for further acquisitions but remaining open to opportunities [30] - **Cash Flow**: Generated $16 million in free cash flow last year, with a focus on maintaining a strong balance sheet [29] This summary encapsulates the key points from the SoundThinking conference call, highlighting the company's strategic direction, product offerings, financial performance, and market opportunities.
SoundThinking to Announce Second Quarter 2025 Financial Results on Tuesday, August 12, 2025, at 4:30 p.m. ET
Globenewswire· 2025-07-22 20:15
Core Points - SoundThinking, Inc. will hold a conference call on August 12, 2025, to discuss its Q2 2025 financial results [1][2] - The company is a leading public safety technology provider, delivering AI- and data-driven solutions for law enforcement and security professionals [3] Company Overview - SoundThinking, Inc. is listed on Nasdaq under the ticker SSTI and is recognized for its SafetySmart™ platform, which includes various advanced solutions such as ShotSpotter, CrimeTracer™, CaseBuilder™, ResourceRouter™, SafePointe, and PlateRanger™ [3] - The company serves over 300 customers and has collaborated with approximately 2,100 agencies to enhance public safety outcomes [3] - SoundThinking has been designated as a Great Place to Work Company, indicating a positive work environment [3] Conference Call Details - The conference call will take place at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) [2] - U.S. and international dial-in numbers are provided for participants, along with a conference ID for access [2] - A replay of the call will be available after 7:30 p.m. Eastern time on the same day until August 26, 2025 [3]