SoundThinking Q3 revenue up 28% to $24.0M record; net loss $1.9M vs prior profit

SOUNDTHINKING, INC.

2023-Q3 EPS reported -$0.52 revenue$66,672,000

Revenue increased 28% to $24.0M, a record quarterly level, from $18.8M in Q3 2022.
GAAP net loss of $1.9M compared to net income of $4.0M in Q3 2022.
Adjusted EBITDA rose to $4.3M (18% margin) from $3.1M (16%) YoY.
Reaffirmed FY2023 revenue guidance $92-94M (15% YoY growth at midpoint) and EBITDA margin 16-18%.
Acquired SafePointe (AI weapons detection); repurchased 93k shares for $1.9M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SOUNDTHINKING, INC. reported for the third quarter ended September 30, 2023 results: revenue $24.0 million, net income GAAP net loss totaled $1.9 million. Guidance reaffirmed.

Period: for the third quarter ended September 30, 2023
Revenue: $24.0 million
Net income: GAAP net loss totaled $1.9 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

language in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 SoundThinking, Inc. Reports Third Quarter 2023 Financial Results Revenues Increased 28% to a Record $24.0 Million, Marking Highest Quarterly Level in Company History Company Reaffirms FY 2023 Revenue Guidance to a Range of $92 Million to $94 Million, Representing 15% Year-Over-Year Growth at

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Source: SEC EDGAR

accession 0000950170-23-060263

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