ShotSpotter Earnings Reports

SoundThinking, Inc. (ShotSpotter) posted $25.89 million in revenue during Q2 2025, a 4% year-over-year decline attributed to the City of Chicago contract non-renewal. The company reported a net loss of $3.12 million and an Adjusted EBITDA of $3.36 million, while expanding to four new cities and one university.

SoundThinking reported a strong start to 2025 with a 12% year-over-year increase in revenues, reaching $28.3 million, driven by the renewal of two delayed contracts with the New York City Police Department. The company also saw an improvement in Adjusted EBITDA.

SoundThinking, Inc. experienced a challenging fourth quarter in 2024, with revenues decreasing by 10% and a net loss of $4.1 million, primarily due to delayed contract renewals. However, the company achieved record full-year revenues of $102.0 million, marking a 10% increase from 2023, driven by new and expanding customer subscriptions.

SoundThinking reported a strong third quarter with a 10% increase in revenue to $26.3 million. Gross profit increased by 11%, and the company saw improvements in cash generation. The company reaffirms FY 2024 revenue guidance and introduces FY 2025 revenue guidance.

SoundThinking, Inc. reported a strong first quarter with a 23% increase in revenue to $25.4 million and a 32% increase in gross profit. The company reaffirmed its full-year 2024 revenue guidance and Adjusted EBITDA margin guidance.

SoundThinking, Inc. reported a successful Q4 2023 with record revenues of $26.0 million, a 24% increase compared to the same quarter in 2022. The company's GAAP net income was $3.6 million, a significant improvement from the net loss of $1.0 million in the same period last year.

SoundThinking, Inc. reported a strong third quarter with a 28% increase in revenue to $24.0 million and a 33% increase in gross profit to $13.8 million. The company reaffirmed its full year 2023 revenue guidance of $92 million to $94 million and Adjusted EBITDA margin guidance of 16% to 18%.

SoundThinking, Inc. reported a revenue of $22.1 million for the second quarter of 2023, compared to $20.0 million for the same quarter of 2022. The company experienced a GAAP net loss of $2.7 million, compared to a net income of $3.0 million for the same period in 2022. Adjusted EBITDA was $2.4 million, compared to $4.1 million in the prior year.

SoundThinking, Inc. reported revenues of $20.6 million for Q1 2023, a decrease compared to $21.2 million for the same quarter of 2022. The company experienced a GAAP net loss of $1.8 million, compared to a net income of $387,000 for the same quarter of 2022. The company reduces its full year 2023 revenue guidance to a range of $92 million to $94 million.

ShotSpotter's Q4 2022 revenues increased by 50% year-over-year to $21.0 million. The company's gross profit also increased by 58% to $11.9 million. However, the company reported a GAAP net loss of $1.0 million for the quarter.

ShotSpotter reported a 29% increase in revenue to $18.8 million and a GAAP net income of $4.0 million for the third quarter of 2022. The company modified its FY 2022 revenue guidance range to $81 million to $82 million and introduced FY 2023 revenue guidance range of $94 million to $96 million.

ShotSpotter reported strong second quarter 2022 financial results, with revenues increasing by 37% year-over-year to $20.0 million. The company's GAAP net income was $3.0 million, and Adjusted EBITDA totaled $4.1 million. ShotSpotter reiterated its full year 2022 revenue guidance range of $81 million to $83 million and Adjusted EBITDA margin guidance range of 19% to 21%.

ShotSpotter reported a strong first quarter with a 41% increase in revenue to $21.2 million and a 46% increase in gross profit. The company also reported GAAP net income of $387,000 and a 35% increase in Adjusted EBITDA to $4.5 million.

ShotSpotter's Q4 2021 revenues increased by 10% to $14.0 million compared to the same quarter in 2020. However, the company experienced a GAAP net loss of $3.3 million, a significant increase from the $220,000 net loss in Q4 2020. The company increases its full year 2022 revenue guidance to $81.0 million to $83.0 million.

ShotSpotter reported a successful third quarter with a 28% increase in revenue compared to the same quarter last year. The company experienced a net loss of $949,000, but maintained a strong balance sheet and saw growth in new and expanding deployments.

ShotSpotter reported a 30% increase in revenue to $14.6 million for Q2 2021, driven by new customer additions and expansions. The company reiterated its full-year revenue guidance of $60 million to $61 million and expects to be GAAP profitable for the full year.

ShotSpotter, Inc. reported a 44% year-over-year increase in revenues, reaching $15.0 million in the first quarter of 2021. The company also saw increases in gross profit and net income, and provided full year 2021 revenue guidance.

ShotSpotter reported a 16% increase in revenue to $12.6 million for Q4 2020 compared to $10.9 million for Q4 2019. The company's net loss totaled $220,000, a decrease compared to a net income of $1.3 million for the same period in 2019.

ShotSpotter reported a strong third quarter with a 14% increase in revenues to $11.4 million, a 27% increase in net income to $566,000, and a 44% increase in adjusted EBITDA. The company maintained a solid balance sheet with $28.7 million in cash and cash equivalents.

ShotSpotter, Inc. reported a strong second quarter with a 10% increase in revenues to $11.3 million, a gross profit margin increase to 61%, and net income more than doubling to $866,000. The company added 26 net new go-live square miles of coverage and maintained a strong balance sheet with $25.8 million in cash and cash equivalents.

ShotSpotter reported a 9% increase in revenue to $10.5 million for Q1 2020, with net income of $13,000 or $0.00 per share. The company's cash position improved to $28.7 million. They updated revenue guidance for fiscal 2020 to a range of $43 million to $46 million, expecting to remain GAAP profitable for the full year.

ShotSpotter reported a 12% increase in revenue to $10.9 million for Q4 2019, with net income improving to $1.3 million and adjusted EBITDA increasing to $3.2 million. The company added 34 net new "go-live" square miles of coverage during the quarter and reaffirmed its 2020 revenue guidance of $48 million to $50 million, expecting to remain GAAP profitable on an annual basis.