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Dec 31, 2020
ShotSpotter Q4 2020 Earnings Report
Reported financial results with revenue increase and solid gross profit.
Key Takeaways
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.
Revenues increased 16% to $12.6 million.
Gross profit increased 10% to $7.5 million (59% of revenues).
Net loss totaled $220,000 compared to net income of $1.3 million.
Adjusted EBITDA totaled $3.1 million.
ShotSpotter
ShotSpotter
Forward Guidance
For fiscal 2021, management currently expects revenues of $58.0 million to $60.0 million, representing an increase of between 27% and 31% compared to fiscal 2020 revenues. The company estimates this will include approximately $10 million in revenues attributable from our LEEDS acquisition. The company expects to be GAAP profitable for the full year of 2021.