earnings
confidence high
sentiment positive
materiality 0.70
SoundThinking Q2 revenue up 22% to $27M record; reaffirms FY2024 guidance
SOUNDTHINKING, INC.
2024-Q2 EPS reported
-$0.29
revenue$52,370,000
- Revenue $27.0M (+22% YoY); record quarterly revenue. GAAP net loss $0.8M vs $2.7M loss in prior year.
- Adjusted EBITDA $5.1M (+110% YoY) representing 19% margin. Gross profit $16.1M (60% of rev).
- ShotSpotter went live in 3 new cities; expanded with 4 current cities, 2 commercial, 1 university.
- FY2024 revenue guidance reaffirmed at $104-106M (13% YoY growth midpoint); adj. EBITDA margin 18-20%.
- Repurchased 134,150 shares for ~$2.0M under $25M buyback program.