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Dec 31, 2021
ShotSpotter Q4 2021 Earnings Report
Reported financial results for the fourth quarter and year ended December 31, 2021.
Key Takeaways
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.
Revenues increased 10% to $14.0 million from $12.6 million for the same quarter of 2020.
Gross profit was $7.5 million (54% of revenues), as compared to $7.5 million (59% of revenues) for the same quarter of 2020.
GAAP net loss totaled $3.3 million, compared to GAAP net loss of $220,000 for the same quarter of 2020.
Maintained a strong balance sheet with $15.6 million in cash and cash equivalents
ShotSpotter
ShotSpotter
Forward Guidance
The company increases its full year 2022 revenue guidance to $81.0 million to $83.0 million, representing approximately 41% year-over-year growth at the midpoint compared to 2021. Management expects adjusted EBITDA to be approximately 15% to 20% of forecasted revenue in 2022.