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Dec 31, 2022
ShotSpotter Q4 2022 Earnings Report
ShotSpotter reported strong Q4 2022 results with revenue growth and increased gross profit.
Key Takeaways
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.
Revenues increased 50% to $21.0 million year-over-year.
Gross profit increased 58% to $11.9 million year-over-year.
GAAP net loss totaled $1.0 million, compared to a net loss of $3.3 million in the same quarter of 2021.
Adjusted EBITDA increased over 130% to $4.3 million.
ShotSpotter
ShotSpotter
Forward Guidance
The company reaffirmed its full year 2023 revenue guidance of $94 million to $96 million, representing approximately 17% year-over-year growth at the midpoint compared to 2022.