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Dec 31, 2019
ShotSpotter Q4 2019 Earnings Report
ShotSpotter achieved its third consecutive quarter of profitability with net income of $1.3 million and adjusted EBITDA of $3.2 million.
Key Takeaways
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.
Revenues increased 12% to $10.9 million compared to Q4 2018.
Gross profit margin increased by 400 basis points to 62% from 58% in Q4 2018.
Net income totaled $1.3 million, an improvement from $302,000 in Q4 2018.
Adjusted EBITDA increased to $3.2 million compared to $2.1 million in Q4 2018.
ShotSpotter
ShotSpotter
Forward Guidance
The company is reaffirming its financial guidance for the full year of 2020 and expects revenues of $48 million to $50 million. Management also expects to remain GAAP profitable on an annual basis.