SoundThinking Secures Multi-Year ShotSpotter Renewals Worth Over $23 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Source: Newsfilter
- Customer Renewals: In Q2 2026, SoundThinking completed several ShotSpotter customer renewals, including a five-year renewal with Albuquerque Police covering 42 square miles, demonstrating ongoing customer trust and investment in the company's technology.
- Total Contract Value: The total contract value of these renewals exceeds $23 million, reflecting public safety agencies' high recognition of ShotSpotter's precise gunshot detection capabilities, which accelerate emergency response and improve investigative outcomes.
- Enhanced Technology Value: The three-year renewal with Richland County Sheriff's Department, covering 8 square miles, indicates the significant contribution of this technology to enhancing law enforcement efficiency and community safety, further solidifying SoundThinking's leadership in the public safety sector.
- Strategic Partnerships: SoundThinking is committed to building long-term customer relationships through continuous innovation and outstanding customer support, ensuring its technology remains central to public safety strategies and driving future business growth.
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Analyst Views on SSTI
Wall Street analysts forecast SSTI stock price to rise
6 Analyst Rating
3 Buy
3 Hold
0 Sell
Moderate Buy
Current: 8.930
Low
10.00
Averages
14.20
High
20.00
Current: 8.930
Low
10.00
Averages
14.20
High
20.00
About SSTI
SoundThinking, Inc. is a public safety technology company that delivers artificial intelligence (AI) and data-driven solutions for law enforcement, civic leadership, and security professionals. The Company’s SafetySmart platform includes ShotSpotter, an acoustic gunshot detection system; CrimeTracer, the law enforcement search engine; CaseBuilder, a one-stop investigation management system; ResourceRouter, software that directs patrol and community anti-violence resources to help maximize their impact; SafePointe, an AI-based weapons detection system, and PlateRanger powered by Rekor, an advanced license plate recognition (ALPR) solution. It also offers other security solutions within its flagship product offering, ShotSpotter, including, ShotSpotter for Campus and ShotSpotter for Corporate, which are typically smaller-scale deployments of ShotSpotter vertically marketed to universities, corporate campuses and key infrastructure centers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
SoundThinking Secures Multi-Year ShotSpotter Renewals Worth Over $23 Million
- Customer Renewals: In Q2 2026, SoundThinking completed several ShotSpotter customer renewals, including a five-year renewal with Albuquerque Police covering 42 square miles, demonstrating ongoing customer trust and investment in the company's technology.
- Total Contract Value: The total contract value of these renewals exceeds $23 million, reflecting public safety agencies' high recognition of ShotSpotter's precise gunshot detection capabilities, which accelerate emergency response and improve investigative outcomes.
- Enhanced Technology Value: The three-year renewal with Richland County Sheriff's Department, covering 8 square miles, indicates the significant contribution of this technology to enhancing law enforcement efficiency and community safety, further solidifying SoundThinking's leadership in the public safety sector.
- Strategic Partnerships: SoundThinking is committed to building long-term customer relationships through continuous innovation and outstanding customer support, ensuring its technology remains central to public safety strategies and driving future business growth.
See More
SoundThinking Releases Fifth Annual ESG Report Highlighting Commitment to Public Safety
- Platform Integration: SoundThinking's SafetySmart platform integrates gunshot detection, case management, and vehicle intelligence, reporting 200,876 ShotSpotter alerts and processing approximately 6.6 million CrimeTracer queries in 2025, significantly enhancing public safety agencies' responsiveness and efficiency.
- Community Engagement: In 2025, SoundThinking employees actively participated in community initiatives alongside law enforcement, focusing on youth engagement and public safety collaboration, reflecting the company's commitment to strengthening trust and safety in the communities it serves.
- Governance Transparency: The company completed its SOC 2 Type 2 audit in 2025, maintained a 100% completion rate for mandatory security training, and strengthened governance and oversight mechanisms for responsible AI deployment, ensuring ethical technology use.
- Environmental Sustainability: SoundThinking is committed to reducing its environmental footprint through sustainable practices, expanding its Fish Bombing Prevention initiative in 2025 to protect vulnerable marine ecosystems, demonstrating its dedication to environmental responsibility.
See More
SoundThinking and SELLAS Options Trading Activity
- SoundThinking Options Activity: SoundThinking Inc (Symbol: SSTI) has seen an options trading volume of 800 contracts today, representing approximately 80,000 shares, which accounts for 62.1% of its average daily trading volume over the past month, indicating heightened market interest in its future performance.
- High Volume Put Options: Within SSTI, the $7.50 strike put option has been particularly active, with 799 contracts traded today, representing about 79,900 shares, reflecting investor expectations regarding potential downside risks for the stock.
- SELLAS Options Activity: SELLAS Life Sciences Group Inc (Symbol: SLS) has recorded an options trading volume of 50,636 contracts today, equating to approximately 5.1 million shares, or 61.3% of its average daily trading volume over the past month, showcasing strong market interest in its stock.
- High Volume Call Options: For SLS, the $15 strike call option has seen a trading volume of 3,278 contracts today, representing around 327,800 shares, indicating investor confidence in the stock's potential for future gains.
See More
SoundThinking Launches AI Safety Intelligence Platform
- AI Transformation: SoundThinking's launch of SafetySmart®Field Agent™ connects billions of public safety data points, enabling users to quickly access intelligence, significantly enhancing decision-making efficiency for public safety agencies and potentially transforming industry data processing methods.
- Operational Simplification: The platform allows users to ask questions in natural language and receive immediate responses, drastically simplifying the process of extracting actionable intelligence from data, reducing work time from hours to minutes, thereby improving public safety response capabilities.
- Market Demand Alignment: Currently in beta with over 20 ShotSpotter agencies, Field Agent is expected to be broadly available in 2026, supporting English, Spanish, and Portuguese, addressing the urgent need for efficient data processing among global public safety agencies.
- Responsible AI Design: The product is designed around responsible AI principles, ensuring human oversight is critical in decision-support tools, enhancing user trust in system outputs and further solidifying SoundThinking's leadership position in the public safety sector.
See More
SoundThinking, Inc. Q1 2026 Earnings Call Insights
- Revenue Performance: SoundThinking reported Q1 revenue of $24.2 million, down from $28.3 million in Q1 2025, reflecting revenue volatility under cost pressures, although the full-year guidance remains at $109 million to $111 million, indicating management's confidence in future performance.
- Adjusted EBITDA: The adjusted EBITDA for Q1 was approximately negative $100,000, primarily impacted by ongoing product development costs, particularly in the SafePointe project, which is expected to achieve profitability by 2028, highlighting the company's long-term strategic investment in technology.
- Customer Expansion: The company launched ShotSpotter across seven customer accounts and added 50 PlateRanger cameras, demonstrating its market expansion capabilities, while Cleveland's recognition of ShotSpotter technology enhances the company's market reputation, likely boosting future renewals and new contracts.
- Future Outlook: Management reiterated the full-year revenue guidance and expects approximately $50 million in the first half and $60 million in the second half, relying on the upcoming CrimeTracer contract and Puerto Rico renewal, reflecting the company's positive outlook for future growth.
See More
SoundThinking Reports Q1 Earnings Miss
- Earnings Miss: SoundThinking's Q1 GAAP EPS of -$0.54 fell short of expectations by $0.27, indicating challenges in profitability that may affect investor confidence.
- Revenue Decline: The company reported Q1 revenue of $24.18M, a 14.6% year-over-year decrease, missing expectations by $0.09M, reflecting weak market demand that could hinder future growth.
- Annual Growth Target: Despite short-term challenges, SoundThinking aims for a 15% annual recurring revenue growth in 2026, demonstrating confidence in future prospects and strategic adjustments.
- Sales Leadership Enhancement: The company is strengthening its sales leadership to support the expansion of SafePointe, a strategic move aimed at improving market competitiveness and performance outcomes.
See More
SoundThinking Secures Multi-Year ShotSpotter Renewals Worth Over $23 Million
- Customer Renewals: In Q2 2026, SoundThinking completed several ShotSpotter customer renewals, including a five-year renewal with Albuquerque Police covering 42 square miles, demonstrating ongoing customer trust and investment in the company's technology.
- Total Contract Value: The total contract value of these renewals exceeds $23 million, reflecting public safety agencies' high recognition of ShotSpotter's precise gunshot detection capabilities, which accelerate emergency response and improve investigative outcomes.
- Enhanced Technology Value: The three-year renewal with Richland County Sheriff's Department, covering 8 square miles, indicates the significant contribution of this technology to enhancing law enforcement efficiency and community safety, further solidifying SoundThinking's leadership in the public safety sector.
- Strategic Partnerships: SoundThinking is committed to building long-term customer relationships through continuous innovation and outstanding customer support, ensuring its technology remains central to public safety strategies and driving future business growth.
See More
SoundThinking Releases Fifth Annual ESG Report Highlighting Commitment to Public Safety
- Platform Integration: SoundThinking's SafetySmart platform integrates gunshot detection, case management, and vehicle intelligence, reporting 200,876 ShotSpotter alerts and processing approximately 6.6 million CrimeTracer queries in 2025, significantly enhancing public safety agencies' responsiveness and efficiency.
- Community Engagement: In 2025, SoundThinking employees actively participated in community initiatives alongside law enforcement, focusing on youth engagement and public safety collaboration, reflecting the company's commitment to strengthening trust and safety in the communities it serves.
- Governance Transparency: The company completed its SOC 2 Type 2 audit in 2025, maintained a 100% completion rate for mandatory security training, and strengthened governance and oversight mechanisms for responsible AI deployment, ensuring ethical technology use.
- Environmental Sustainability: SoundThinking is committed to reducing its environmental footprint through sustainable practices, expanding its Fish Bombing Prevention initiative in 2025 to protect vulnerable marine ecosystems, demonstrating its dedication to environmental responsibility.
See More
SoundThinking and SELLAS Options Trading Activity
- SoundThinking Options Activity: SoundThinking Inc (Symbol: SSTI) has seen an options trading volume of 800 contracts today, representing approximately 80,000 shares, which accounts for 62.1% of its average daily trading volume over the past month, indicating heightened market interest in its future performance.
- High Volume Put Options: Within SSTI, the $7.50 strike put option has been particularly active, with 799 contracts traded today, representing about 79,900 shares, reflecting investor expectations regarding potential downside risks for the stock.
- SELLAS Options Activity: SELLAS Life Sciences Group Inc (Symbol: SLS) has recorded an options trading volume of 50,636 contracts today, equating to approximately 5.1 million shares, or 61.3% of its average daily trading volume over the past month, showcasing strong market interest in its stock.
- High Volume Call Options: For SLS, the $15 strike call option has seen a trading volume of 3,278 contracts today, representing around 327,800 shares, indicating investor confidence in the stock's potential for future gains.
See More
SoundThinking Launches AI Safety Intelligence Platform
- AI Transformation: SoundThinking's launch of SafetySmart®Field Agent™ connects billions of public safety data points, enabling users to quickly access intelligence, significantly enhancing decision-making efficiency for public safety agencies and potentially transforming industry data processing methods.
- Operational Simplification: The platform allows users to ask questions in natural language and receive immediate responses, drastically simplifying the process of extracting actionable intelligence from data, reducing work time from hours to minutes, thereby improving public safety response capabilities.
- Market Demand Alignment: Currently in beta with over 20 ShotSpotter agencies, Field Agent is expected to be broadly available in 2026, supporting English, Spanish, and Portuguese, addressing the urgent need for efficient data processing among global public safety agencies.
- Responsible AI Design: The product is designed around responsible AI principles, ensuring human oversight is critical in decision-support tools, enhancing user trust in system outputs and further solidifying SoundThinking's leadership position in the public safety sector.
See More
SoundThinking, Inc. Q1 2026 Earnings Call Insights
- Revenue Performance: SoundThinking reported Q1 revenue of $24.2 million, down from $28.3 million in Q1 2025, reflecting revenue volatility under cost pressures, although the full-year guidance remains at $109 million to $111 million, indicating management's confidence in future performance.
- Adjusted EBITDA: The adjusted EBITDA for Q1 was approximately negative $100,000, primarily impacted by ongoing product development costs, particularly in the SafePointe project, which is expected to achieve profitability by 2028, highlighting the company's long-term strategic investment in technology.
- Customer Expansion: The company launched ShotSpotter across seven customer accounts and added 50 PlateRanger cameras, demonstrating its market expansion capabilities, while Cleveland's recognition of ShotSpotter technology enhances the company's market reputation, likely boosting future renewals and new contracts.
- Future Outlook: Management reiterated the full-year revenue guidance and expects approximately $50 million in the first half and $60 million in the second half, relying on the upcoming CrimeTracer contract and Puerto Rico renewal, reflecting the company's positive outlook for future growth.
See More
SoundThinking Reports Q1 Earnings Miss
- Earnings Miss: SoundThinking's Q1 GAAP EPS of -$0.54 fell short of expectations by $0.27, indicating challenges in profitability that may affect investor confidence.
- Revenue Decline: The company reported Q1 revenue of $24.18M, a 14.6% year-over-year decrease, missing expectations by $0.09M, reflecting weak market demand that could hinder future growth.
- Annual Growth Target: Despite short-term challenges, SoundThinking aims for a 15% annual recurring revenue growth in 2026, demonstrating confidence in future prospects and strategic adjustments.
- Sales Leadership Enhancement: The company is strengthening its sales leadership to support the expansion of SafePointe, a strategic move aimed at improving market competitiveness and performance outcomes.
See More
