earnings
confidence high
sentiment negative
materiality 0.75
SoundThinking Q1 revenue falls 3% YoY; cuts FY 2023 guidance to $92M-$94M
SOUNDTHINKING, INC.
2023-Q1 EPS reported
-$0.15
revenue$20,620,000
- Revenue of $20.6M vs $21.2M YoY; GAAP net loss $1.8M vs $387k income.
- Adjusted EBITDA $2.9M (14% of rev) vs $4.5M (21%) YoY.
- FY 2023 revenue guidance reduced to $92M-$94M (15% growth midpoint); EBITDA margin guidance retained at 24%-26%.
- Six new cities live on ShotSpotter; repurchased 35,369 shares for $1.3M.