secwatch.observer — SEC 8-K summary
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Issuer:     SOUNDTHINKING, INC. (SSTI)
CIK:        0001351636
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0000950170-24-059549
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1351636/000095017024059549/0000950170-24-059549-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1351636/000095017024059549/ssti-20240514.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-059549

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