SoundThinking Q2 revenue up 22% to record $27M; EBITDA more than doubles; reaffirms FY guidance

SOUNDTHINKING, INC.

2024-Q2 EPS reported -$0.29 revenue$52,370,000

Revenues rose 22% YoY to record $27.0M; GAAP net loss narrowed to $0.8M from $2.7M.
Adjusted EBITDA surged over 110% to $5.1M (19% of revenues) vs $2.4M (11%) in prior year.
Reaffirmed FY2024 revenue guidance $104M-$106M (13% YoY growth at midpoint) and Adjusted EBITDA margin 18%-20%.
Repurchased 134,150 shares for ~$2.0M under $25M buyback program.
ShotSpotter went live in three new cities and expanded with four current cities.

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