The chart below shows how SSTI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SSTI sees a +0.94% change in stock price 10 days leading up to the earnings, and a +5.85% change 10 days following the report. On the earnings day itself, the stock moves by +0.60%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Quarterly Revenue Increase: We reported a strong third quarter with revenues of $26.3 million, up 10% from the same period last year.
Year-to-Date Revenue Increase: For the year-to-date period, we reported $78.6 million representing an increase of 18% from the same period last year.
AI-Enhanced Law Enforcement Tools: The Safety Smart platform now offers six data-driven tools that leverage AI and machine learning technologies to enhance law enforcement operations.
Market Penetration Success: Our ongoing market penetration is a testament to the effectiveness and reliability of our solutions in enhancing public safety.
Gross Profit Increase: Gross profit for the third quarter of 2024 was $15.2 million or 58% of revenue versus $13.8 million or 57% of revenue for the prior year period.
Negative
Quarterly Revenue Increase: The third quarter revenues were $26.3 million, representing a 10% increase from the $24 million in the third quarter of 2023.
Operating Expenses Comparison: Operating expenses for the third quarter were $16.3 million or 62% of revenues versus $15.2 million or 64% of revenues in the third quarter of 2023.
Quarterly Net Loss Report: Our GAAP net loss was approximately $1.4 million or loss of $0.11 per basic and diluted shares for the quarter based on 12.7 million basic and diluted weighted average shares outstanding.
Adjusted EBITDA Increase: Our adjusted EBITDA was up approximately 5% from the third quarter of last year to $4.5 million, up from $4.3 million.
Deferred Revenue Stability: Deferred revenue at the end of the quarter was largely in line at $49.5 million, compared to $49.4 million at the end of Q2 of 2024.
SoundThinking, Inc. (SSTI) Q3 2024 Earnings Call Transcript
SSTI.O
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