secwatch.observer — SEC 8-K summary
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Issuer:     SOUNDTHINKING, INC. (SSTI)
CIK:        0001351636
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0000950170-23-039833
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1351636/000095017023039833/0000950170-23-039833-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1351636/000095017023039833/ssti-20230808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-039833

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer