The company reaffirmed its adjusted EBITDA margin guidance range of 16% – 18% for 2026. The company also reaffirmed its expectation for annual recurring revenue to increase from $95.4M at the beginning of 2026 to $110M at the start of 2027. The company said, “We are reaffirming our full-year outlook and believe we are well positioned to deliver improved performance as we move through 2026, even without a ShotSpotter contract renewal in Chicago. We await the outcome of the current gunshot detection RFP process that remains underway, and believe our submission represents a comprehensive and compelling proposal. Our long-term financial targets of 70% gross margin and 40% Adjusted EBITDA margin do not include Chicago, as we remain confident in the enduring success of ShotSpotter and accelerating adoption of our broader SafetySmart platform.”
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