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Jun 30, 2021
ShotSpotter Q2 2021 Earnings Report
Reported a revenue increase of 30% year-over-year, reaching $14.6 million.
Key Takeaways
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.
Revenues increased 30% to $14.6 million from $11.3 million for the second quarter of 2020.
Gross profit increased 20% to $8.3 million (57% of revenues) from $6.9 million (61% of revenues) for the second quarter of 2020.
Net loss of $(250,000) from net income of $866,000 for the second quarter of 2020.
Adjusted EBITDA was $2.9 million, or 20% of revenues from $3.4 million, or 30% of revenues for the second quarter of 2020.
ShotSpotter
ShotSpotter
Forward Guidance
ShotSpotter reiterated its full year 2021 revenue guidance to $60 million to $61 million, representing 32% year-over-year growth at the midpoint of the guidance range. The company expects to be GAAP profitable for the full year 2021.