SoundThinking Q4 revenue $26M (+24%), net income $3.6M; FY24 guide $104-106M

SOUNDTHINKING, INC.

2023-FY EPS reported -$0.22 revenue$92,717,000

Q4 revenues record $26.0M, up 24% YoY; GAAP net income $3.6M vs loss of $1.0M.
Q4 gross profit $15.0M (58% margin) vs $11.9M (57% margin) in prior year.
Adjusted EBITDA $4.8M (18% rev) vs $4.3M (20% rev) in prior year.
FY2024 revenue guidance $104-106M (13% YoY growth at midpoint), adj EBITDA margin 18-20%.
Secured $13.5M CaseBuilder contract with NYC Dept of Corrections; launched in Montevideo, Uruguay.

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 0.7

SOUNDTHINKING, INC. reported the fourth quarter ended December 31, 2023 results: revenue $26.0 million, net income $3.6 million. Guidance raised.

Period: the fourth quarter ended December 31, 2023
Revenue: $26.0 million
Net income: $3.6 million
Guidance: raised
Result: reported results

Exact text from the filing

such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 SoundThinking, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results Revenues Increased 24% to a Record $26.0 Million, Marking Highest Quarterly Revenues in Company History Company Introduces FY 2024 Revenue Guidance Range of $104.0 Million to $106.0 Million, Representing 13% Year-Over-Year

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Source: SEC EDGAR

accession 0000950170-24-021138

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