SoundThinking Reports Q2 2023 Revenue of $22.1M, Net Loss of $2.7M

SOUNDTHINKING, INC.

2023-Q2 EPS reported -$0.37 revenue$42,695,000

Revenue $22.1M vs $20.0M in Q2 2022; gross profit $12.7M (57% of revenue).
GAAP net loss $2.7M compared to net income $3.0M in prior-year quarter.
Adjusted EBITDA $2.4M (11% of revenue) vs $4.1M (20%) in Q2 2022.
Reaffirms FY2023 revenue guidance $92M-$94M; lowers EBITDA margin guidance to 16-18%.
Went live with ShotSpotter in seven new cities, one university; expanded with seven current cities and one university.

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 second quarter ended June 30, 2023 results: revenue $22.1 million. Guidance reaffirmed.

Period: the second quarter ended June 30, 2023
Revenue: $22.1 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

and civic leadership, today reported financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial and Operational Highlights • Revenues were $22.1 million, compared to $20.0 million for the same quarter of 2022. • Gross profit was $12.7 million (57% of revenues), compared to $11.6 million (58% of revenues) for the same quarter of

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Source: SEC EDGAR

accession 0000950170-23-039833

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