Soundthinking, Inc. ( (SSTI) ) has released its Q2 earnings. Here is a breakdown of the information Soundthinking, Inc. presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
SoundThinking, Inc. is a public safety technology company specializing in AI- and data-driven solutions for law enforcement and security professionals. The company is known for its SafetySmart platform, which includes products like ShotSpotter, a leading acoustic gunshot detection system.
In its second quarter of 2025 financial results, SoundThinking reported a 4% decrease in revenue to $25.9 million compared to the same period in 2024. Despite this decline, the company reaffirmed its full-year revenue guidance, projecting a 10% year-over-year growth at the midpoint.
Key financial metrics showed a decrease in gross profit by 14% to $13.8 million, and a GAAP net loss of $3.1 million, up from a $0.8 million loss in the previous year. Adjusted EBITDA also declined to $3.4 million from $5.1 million. The company expanded its ShotSpotter deployments to new locations and repurchased shares worth $0.5 million.
Looking ahead, SoundThinking remains optimistic about its growth trajectory, focusing on AI capabilities and strategic investments to enhance customer retention and expand into new markets. The company aims to achieve long-term financial targets of 70% gross margin and 40% Adjusted EBITDA margin, with a 15% annual revenue growth.