SoundThinking Inc

NASDAQ:SSTIUnited States

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• -- Earnings Flash (SSTI) SOUNDTHINKING Reports Q3 Loss $-0.11, from 59 minutes ago by MT Newswires

  59 minutes ago by MT Newswires
  Companies Mentioned: SSTI
  04:24 PM EST, 11/12/2024 (MT Newswires) -- ...

• -- Earnings Flash (SSTI) SOUNDTHINKING Reports Q3 Revenue $26.3M, from 59 minutes ago by MT Newswires

  59 minutes ago by MT Newswires
  Companies Mentioned: SSTI
  04:24 PM EST, 11/12/2024 (MT Newswires) -- ...

• SoundThinking Reports Third Quarter 2024 Financial Results, from 1 hour ago by Dow Jones

  1 hour ago by Dow Jones
  Companies Mentioned: SSTI
  
  ahira@soleburystrat.com
  SoundThinking, Inc. Condensed Consolidated Statements of Operations (In thousands, except share and per share data) (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, ------------------------- ------------------------- 2024 2023 2024 2023 ----------- ----------- ----------- ----------- Revenues $ 26,250 $ 23,977 $ 78,620 $ 66,672 Costs Cost of revenues 10,979 10,225 32,031 28,881 Impairment of property and equipment 54 -- 412 72 ---------- ---------- ---------- ---------- Total costs 11,033 10,225 32,443 28,953 ---------- ---------- ---------- ---------- Gross profit 15,217 13,752 46,177 37,719 Operating expenses Sales and marketing 7,181 6,289 21,615 19,580 Research and development 3,413 3,186 10,441 8,896 General and administrative 5,669 5,677 18,379 15,806 Change in fair value of contingent consideration -- 82 (554) (923) Restructuring expense -- -- 346 -- ---------- ---------- ---------- ---------- Total operating expenses 16,263 15,234 50,227 43,359 ---------- ---------- ---------- ---------- Operating loss (1,046) (1,482) (4,050) (5,640) ---------- ---------- ---------- ---------- Other income (expense), net Interest income (expense), net 7 (42) (176) 64 Other expense, net (82) (51) (208) (142) ---------- ---------- ---------- ---------- Total other expense, net (75) (93) (384) (78) ---------- ---------- ---------- ---------- Loss before income taxes (1,121) (1,575) (4,434) (5,718) Provision for income taxes 319 299 667 643 ---------- ---------- ---------- ---------- Net loss $ (1,440) $ (1,874) $ (5,101) $ (6,361) ========== ========== ========== ========== Net loss per share, basic and diluted $ (0.11) $ (0.15) $ (0.40) $ (0.52) ========== ========== ========== ========== Weighted-average shares used in computing net loss per share, basic and diluted 12,688,850 12,480,830 12,750,664 12,320,119 SoundThinking, Inc. Condensed Consolidated Balance Sheets (In thousands) (Unaudited) September 30, December 31, 2024 2023 --------------- -------------- (unaudited) Assets Current assets Cash and cash equivalents $ 15,257 $ 5,703 Accounts receivable and contract assets, net 25,857 30,700 Prepaid expenses and other current assets 5,256 3,902 ----------- ---------- Total current assets 46,370 40,305 Property and equipment, net 20,979 21,028 Operating lease right-of-use assets 2,088 2,315 Goodwill 34,213 34,213 Intangible assets, net 34,148 36,938 Other assets 3,934 3,909 ----------- ---------- Total assets $ 141,732 $ 138,708 =========== ========== Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 2,687 $ 3,031 Line of credit 4,000 7,000 Deferred revenue, short-term 43,458 41,265 Accrued expenses and other current liabilities 9,455 8,521 ----------- ---------- Total current liabilities 59,600 59,817 Deferred revenue, long-term 6,070 812 Deferred tax liability 1,358 1,226 Other liabilities 1,378 2,096 ----------- ---------- Total liabilities 68,406 63,951 Commitments and contingencies (Note 15) Stockholders' equity Common stock: $0.005 par value; 500,000,000 shares authorized; 12,558,536 and 12,761,448 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 63 64 Additional paid-in capital 173,771 170,139 Accumulated deficit (100,219) (95,118) Accumulated other comprehensive loss (289) (328) ----------- ---------- Total stockholders' equity 73,326 74,757 ----------- ---------- Total liabilities and stockholders' equity $ 141,732 $ 138,708 =========== ==========
  

• *DJ SoundThinking 3Q Loss/Shr 11c >SSTI, from 1 hour ago by Dow Jones

  1 hour ago by Dow Jones
  Companies Mentioned: SSTI