secwatch.observer — SEC 8-K summary
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Issuer:     SOUNDTHINKING, INC. (SSTI)
CIK:        0001351636
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0000950170-24-091944
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 5.07, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SoundThinking Q2 revenue up 22% to $27M record; reaffirms FY2024 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1351636/000095017024091944/0000950170-24-091944-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1351636/000095017024091944/ssti-20240806.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-091944

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