ShotSpotter Q4 revenue up 50% to $21M; FY2022 revenue record $81M (+39% YoY); reaffirms FY2023 guidance $94-96M

SOUNDTHINKING, INC.

2022-FY EPS reported $0.52 revenue$81,003,000

Q4 2022 revenue $21.0M, up 50% YoY; gross profit $11.9M (57% of revenue) vs $7.5M (54%) in Q4 2021.
GAAP net loss in Q4 $1.0M vs $3.3M loss in Q4 2021; full year GAAP net income $6.4M.
Adjusted EBITDA Q4 $4.3M (20% of revenue) vs $1.9M (13%) in Q4 2021; FY2022 adjusted EBITDA $15.9M, up 54% YoY.
FY2022 revenue record $81.0M, up 39% YoY; reaffirms FY2023 revenue guidance $94-96M (17% growth at midpoint) and adjusted EBITDA margin 24-26%.
Balance sheet: $10.5M cash, no debt, $25M line of credit available.

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 1.0

SOUNDTHINKING, INC. reported the fourth quarter ended December 31, 2022 results: revenue $21.0 million, net income $1.0 million. Guidance reaffirmed.

Period: the fourth quarter ended December 31, 2022
Revenue: $21.0 million
Net income: $1.0 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

• Revenues increased 50% to $21.0 million from $14.0 million for the same quarter of 2021. • Gross profit increased 58% to $11.9 million (57% of revenues), up from $7.5 million (54% of revenues) for the same quarter of 2021. • GAAP net loss totaled $1.0 million, compared to GAAP net loss of $3.3 million for the same quarter of 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

SOUNDTHINKING, INC. reported the fiscal year ended December 31, 2022 results: revenue $81.0 million, net income $6.4 million. Guidance reaffirmed.

Period: the fiscal year ended December 31, 2022
Revenue: $81.0 million
Net income: $6.4 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

FY 2022 Revenues Increased 39% Year-Over-Year to Record $81.0 Million, Driving 54% Increase in Adjusted EBITDA to $15.9 Million and GAAP Net Income of $6.4 Million

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Source: SEC EDGAR

accession 0000950170-23-003781

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