Summary: SoundThinking has released its fourth annual Environmental, Social, and Governance (ESG) Report, emphasizing its commitment to advancing public safety through responsible use of technology for positive public safety outcomes. The report highlights the company's progress toward addressing key societal challenges of public safety, by focusing on community well-being, social impact, transparent governance, and environmental sustainability. FREMONT, Calif., June 17, 2025 (GLOBE NEWSWIRE) -- SoundThinki ...

FREMONT, Calif., June 11, 2025 (GLOBE NEWSWIRE) -- SoundThinking, Inc. (Nasdaq: SSTI), a leading public safety technology company, announced today that the Company will participate in the UBS SMID-Cap Multisector Virtual Conference taking place on June 24, 2025. Management will be available for one-on-one and small group meetings with investors. For additional information or to schedule a meeting with management, please contact your UBS representative or SoundThinking’s investor relations team at ahira@sole ...

Summary of SoundThinking (SSTI) Conference Call - May 21, 2025 Company Overview - **Company Name**: SoundThinking (formerly ShotSpotter) - **Public Since**: February 2017 - **Current Product Offering**: Safety Smart Platform with six software solutions [3][4] Industry Context - **Market Challenges**: Law enforcement agencies in the U.S. face staffing challenges post-COVID and the "defund the police" movement, leading to increased reliance on technology [5][4] - **Growth in Technology Use**: Agencies are adopting software solutions to enhance operational efficiency due to reduced personnel [5] Key Products and Solutions 1. **ShotSpotter**: Gunshot detection solution, accounting for 65% of revenue, with annual recurring revenue (ARR) growth of $7 to $9 million [6][7] - **Technology**: Utilizes sensors to triangulate gunshot locations within 30 seconds and alerts police within 45 seconds [6] 2. **Resource Router**: Helps agencies manage patrols effectively using AI algorithms [7] 3. **Play Ranger**: Partnership with Recor for license plate readers, expected to ramp up revenue in 2025 [10] 4. **Case Builder**: Case management solution with a recent $18 million contract with the Department of Correction [12][13] 5. **Crime Tracer**: A database solution with over a billion records, aiding law enforcement in investigations [15] 6. **SafePoint**: A weapons detection platform, currently only 2% of revenue but projected to grow significantly due to new regulations [17][22] Financial Performance - **Revenue Growth**: Expected revenue for the current year is between $111 million and $113 million, with a historical growth from $81 million to $102 million over the past few years [29][30] - **Adjusted EBITDA**: Projected to be north of 20% this year, up from 14% last year [31] - **Gross Margins**: Currently around 60%, with potential to reach 70% as operational efficiencies improve [51] Market Potential - **Total Addressable Market (TAM)**: - Gunshot detection: $1.5 billion - License plate readers: $2.5 billion - Weapons detection (SafePoint): Estimated at over $20 billion [29][28] - **International Expansion**: Entering markets like Brazil, where pricing is significantly higher than in the U.S. [52][62] Competitive Landscape - **Limited Competition**: SoundThinking claims minimal competition in gunshot detection, with a strong retention rate of over 98% [34][37] - **Patents**: Holds numerous patents related to its technology, providing a competitive edge [35] Customer Engagement - **Net Promoter Score**: High score of 66%, indicating strong customer satisfaction [33] - **Customer Retention**: High retention rates attributed to the value provided by their solutions [34][37] Regulatory Impact - **California Legislation**: New laws requiring hospitals to install weapons detection systems by March 2027, creating a significant market opportunity [21][22] Conclusion - SoundThinking is positioned for significant growth through its innovative technology solutions, strong financial performance, and expanding market opportunities, particularly in weapons detection and international markets. The company is actively investing in AI and expanding its product offerings to meet the evolving needs of law enforcement agencies.

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 (SSTI) Q1 2025 Earnings Call May 13, 2025 04:30 PM ET Company Participants Ralph Clark - President, CEO & DirectorAlan Stewart - CFOTrevor Walsh - Director - Equity Research Conference Call Participants Richard Baldry - MD & Senior Research AnalystAditya Dagaonkar - AnalystEric Martinuzzi - Senior Research AnalystJeremy Hamblin - Senior Research Analyst Operator Good afternoon, and welcome to Sound Thinking's First Quarter twenty twenty five Earnings Conference Call. My name is Kevin, and I'll ...

Financial Data and Key Metrics Changes - The company reported a revenue growth of 12% year over year, reaching $28.3 million in Q1 2025, driven by solid new sales and renewal activity [4][14] - Adjusted EBITDA grew 50% year over year to $4.5 million, highlighting operational leverage and a profitable growth strategy [4][15] - GAAP net loss was approximately $1.5 million, or a loss of $0.12 per share, compared to a net loss of $2.9 million in the prior year [18] Business Line Data and Key Metrics Changes - The renewal of two contracts with the New York City Police Department contributed approximately $3.5 million in catch-up revenue [4][15] - The company went live with four new cities and one expansion in Q1, with a robust international ShotSpotter pipeline [5] - Resource Router is currently deployed in over 20 agencies, more than double its installed base in less than 18 months [10] Market Data and Key Metrics Changes - The company expects accelerated traction with ShotSpotter internationally in the second half of 2025 and early 2026 [6] - The California Assembly Bill 2975 mandates hospitals to deploy weapon protection systems by 2027, creating a significant market opportunity [11][12] - The company anticipates annual recurring revenue (ARR) to increase from $95.6 million at the beginning of 2025 to approximately $110 million at the beginning of 2026 [20] Company Strategy and Development Direction - The company is focused on expanding its platform and data aggregation capabilities to position itself as a leader in public safety technology [3] - Investments are being made in AI capabilities, particularly for the Crime Tracer and SafePoint solutions [17][12] - The company is taking risk mitigation efforts to address potential headwinds related to municipal funding and budgets [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of their offerings and the differentiated value they bring to cities like Chicago [6] - The company remains vigilant about headwinds but believes it is well-positioned to drive revenue and ARR growth for 2025 [13] - Management reaffirmed full-year revenue guidance of $111 million to $113 million, while slightly reducing adjusted EBITDA guidance to 20% to 22% [19][20] Other Important Information - The company ended Q1 with $11.7 million in cash and cash equivalents, compared to $13.2 million at the end of Q4 2024 [19] - The company repurchased 33,493 shares at an average price of $15.04 for approximately $504,000 in Q1 2025 [19] Q&A Session Summary Question: How does the company manage the pipeline across its broader suite of tools? - Management indicated that each product solution has its own pipeline metrics, with a solid pipeline across the platform, particularly in Resource Router and Crime Tracer [22][23] Question: What early feedback has been received on the revamped SafePoint product? - Management noted success in the healthcare vertical, with proof of concept deployments underway in major healthcare chains [24][25] Question: Will there be meaningful bookings from Plate Ranger this year? - Management expects bookings to be in the $1 million range, with significant revenue increases anticipated next year [28][29] Question: What is the expected sales cycle for SafePoint given the 2027 requirement? - Management indicated that the opportunity for SafePoint is more of a 2026 opportunity, with traction being made in other markets [37][38] Question: How should revenue progression be viewed for Q2? - Management suggested a reduction in Q2 revenue, with expectations for growth in Q3 and Q4 as investments begin to pay off [48] Question: What is the annualized cost of SafePoint compared to traditional solutions? - Management stated that SafePoint charges about $20,000 per year per lane, offering a compelling solution compared to traditional methods [59][60] Question: What are the international opportunities and timing for expansion? - Management highlighted excitement about returning to Brazil and ongoing discussions for expansion in other Latin American countries [66][68]

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]

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].

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].

Core Insights - SoundThinking, Inc. has secured four contracts in the Greater Los Angeles area for its ShotSpotter acoustic gunshot detection system, including one new customer agreement and three renewals [2][3] - The cities adopting or renewing ShotSpotter include Pasadena, Lancaster, Hawaiian Gardens, and Lakewood, all aiming to combat gun violence and enhance community safety [2][4] Company Overview - SoundThinking, Inc. is a public safety technology provider listed on NASDAQ under the ticker SSTI, offering AI- and data-driven solutions for law enforcement and civic leadership [10] - The company has over 300 customers and has collaborated with approximately 2,100 agencies to improve public safety outcomes [10] ShotSpotter Impact - In Pasadena, ShotSpotter has detected over 125 shootings since its deployment in 2022, addressing the issue of unreported gunfire, which exceeded 60% in Q3 2024 [4][5] - Hawaiian Gardens reported 176 ShotSpotter alerts in 2023, leading to the recovery of critical ballistic evidence and improved community relations due to reduced crime [6][7] - Lancaster completed a six-month pilot of ShotSpotter and is now entering a three-year term, with 36 confirmed alerts related to gunshots since its implementation in 2024 [8][9] Community and Law Enforcement Relations - The deployment of ShotSpotter has been recognized as a tool that enhances situational awareness for law enforcement, allowing for quicker responses and better evidence collection [5][9] - Local officials in Hawaiian Gardens and Lakewood have noted improved relationships with community members as a result of the technology's effectiveness in reducing crime [6][7][8]