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SoundThinking Inc (OQ:SSTI)

Business Focus: Enterprise Software

Sector:  Technology Industry:  Software
See Regulatory Filings on SEC
Company Contact
Address: 39300 Civic Center Drive, Suite 300
Tel: 1-949-5743860
IR: See website
Key People
Ralph A. Clark
President, Chief Executive Officer, Director
Alan R. Stewart
Chief Financial Officer
Gary T. Bunyard
Senior Vice President - Sales and Security
R. Samuel Klepper
Senior Vice President - Marketing and Product Strategy
Paul S. Ames
Senior Vice President - Products and Technology
Nasim Golzadeh
Senior Vice President - Customer Support and Professional Services
Business Overview
SoundThinking, Inc., formerly ShotSpotter, Inc., is a public safety technology company that combines transformative solutions and strategic advisory services for law enforcement and civic leadership. The Company is focused on public safety through law enforcement tools and community-focused solutions for non-law enforcement entities to utilize for a holistic approach to violence prevention, social services and economic assistance. The Company's SafetySmart platform includes ShotSpotter, the acoustic gunshot detection system; CrimeTracer, the law enforcement search engine; CaseBuilder, a one-stop investigation management system; and ResourceRouter, software that directs patrol and community anti-violence resources to help maximize their impact. ShotSpotter is an acoustic gunshot detection system that alerts police to virtually all gunfire within a coverage area in less than 60 seconds, helping reduce police response times to gun crimes and saving lives.
Financial Overview
For the three months ended 31 March 2023, SoundThinking Inc revenues decreased 3% to $20.6M. Net loss totaled $1.8M vs. income of $387K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Stock-based Compensation in G&A increase of 44% to $1M (expense), Sales and Marketing - Balancing value increase of 6% to $5.4M (expense).