ShotSpotter Q3 revenue $18.8M (+29% YoY), net income $4.0M, narrows FY22 guidance

SOUNDTHINKING, INC.

2022-Q3 EPS reported $0.60 revenue$60,005,000

Revenue $18.8M (+29% YoY); GAAP net income $4.0M vs. loss $949k in Q3 2021.
Adjusted EBITDA $3.1M (+37% YoY), margin 16% vs 15% prior year.
FY22 revenue guidance narrowed to $81-82M (40% YoY growth at midpoint); FY22 EBITDA margin guidance retained 19-21%.
Introduced FY23 revenue guidance $94-96M (17% YoY growth at midpoint) and EBITDA margin guidance 24-26%.
Added 10 new customer logos in Q3; cash $9.6M with $15M available on credit line.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SOUNDTHINKING, INC. reported the third quarter ended September 30, 2022 results: revenue $18.8 Million, net income $4.0 Million.

Period: the third quarter ended September 30, 2022
Revenue: $18.8 Million
Net income: $4.0 Million
Result: reported results

Exact text from the filing

ShotSpotter Reports Third Quarter 2022 Financial Results Revenues Increase 29% Year-Over-Year to $18.8 Million, GAAP Net Income of $4.0 Million and 37% Increase in Adjusted EBITDA to $3.1 Million; Company Modifies FY 2022 Revenue Guidance Range of $81 Million to $82 Million, Representing 40% Growth at the Midpoint Compared to 2021 and retains FY 2022 Adjusted EBITDA Margin Guidance Range of 19% to 21%; Company Introduces FY 2023 Revenue Guidance Range of $94 Million to $96 Million, Representing 17% Growth at the Midpoint Compared to FY 2022 Revenue Guidance and FY 2023 Adjusted EBITDA Margin Guidance Range of 24% to 26%.

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Source: SEC EDGAR

accession 0000950170-22-024776

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