SoundThinking Q1 revenue up 23% to $25.4M, net loss widens to $2.9M; reaffirms FY guidance

SOUNDTHINKING, INC.

2024-Q1 EPS reported -$0.23 revenue$25,410,000

Revenue $25.4M (+23% YoY), gross profit $14.9M (59% margin) vs 55% last year.
GAAP net loss $2.9M vs $1.8M loss in Q1 2023; Adjusted EBITDA $3.0M (12% revenue) vs $2.9M (14%).
Reaffirms FY2024 revenue guidance $104-106M (~13% YoY growth) and adjusted EBITDA margin 18-20%.
Operational: went live in 10 new cities, 1 university; expanded 2 cities; launched ShotSpotter in Philadelphia.
Cross-sold CaseBuilder and CrimeTracer to Newport News, VA, now with four SafetySmart platform products.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

SOUNDTHINKING, INC. reported quarter ended March 31, 2024 results: revenue $25.4 million. Guidance reaffirmed.

Period: quarter ended March 31, 2024
Revenue: $25.4 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 First Quarter 2024 Financial Results Revenues Increased 23% to $25.4 Million, Driven by New and Expanding Customer Subscriptions, and Contributions from SafePointe Company Reaffirms FY 2024 Revenue Guidance Range of $104.0 Million to $106.0 Million,

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Source: SEC EDGAR

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