NASDAQ$SSTI
ShotSpotter Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
SoundThinking, Inc. reported a decrease in fourth quarter 2024 revenues and gross profit, with a net loss, while full year 2024 revenues increased to a record high.
SoundThinking, Inc. experienced a challenging fourth quarter in 2024, with revenues decreasing by 10% and a net loss of $4.1 million, primarily due to delayed contract renewals. However, the company achieved record full-year revenues of $102.0 million, marking a 10% increase from 2023, driven by new and expanding customer subscriptions.
- Fourth quarter 2024 revenues decreased 10% to $23.4 million, compared to $26.0 million for the same quarter of 2023.
- GAAP net loss for Q4 2024 totaled $4.1 million, compared to GAAP net income of $3.6 million for the same quarter of 2023.
- Adjusted EBITDA for Q4 2024 totaled $1.7 million (7% of revenues), compared to $4.8 million (18% of revenues) for the same quarter of 2023.
- Full year 2024 revenues increased 10% to a record $102.0 million, the highest annual revenues in company history.
Headline financials
Revenue & EPS history
ShotSpotter · Revenue · Quarterly
$23.4M
Forward guidance
SoundThinking, Inc. is raising its full year 2025 revenue guidance range to $111.0 million to $113.0 million, representing 10% year-over-year growth at the midpoint. The company also expects ARR to increase from $95.6 million at the beginning of 2025 to approximately $110.0 million at the start of 2026.
Tailwinds
- Raising full year 2025 revenue guidance to $111.0 million to $113.0 million.
- Midpoint of 2025 revenue guidance represents 10% year-over-year growth.
- Raising Adjusted EBITDA margin guidance range to 21% to 23% for full year 2025.
- Expected ARR increase from $95.6 million at the beginning of 2025 to approximately $110.0 million at the start of 2026.
- Strong momentum and encouraging sales pipeline for 2025.
Headwinds
- Financial outlook statements are based on current expectations and actual results could differ materially.
- Uncertainty and variability of interest income (expense), income taxes, depreciation and amortization, stock-based compensation expenses, and acquisition-related expenses make reconciliation to GAAP net income (loss) difficult.
- The company cannot reasonably predict certain reconciling items, which could significantly impact GAAP net income (loss).
- The delay of approximately $3.5 million of two contract renewals affected Q4 2024 results, with one still expected in Q1 2025.
- Forward-looking statements are subject to various risks and uncertainties beyond the company's control, including contract renewals and funding availability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
-0.3%
Avg return
Earnings day
-0.5%
Avg return
5 days after
+1.4%
Avg return
30 days after
42%
15 / 36 earnings
Positive
+38.7%
Q2 2020
Best reaction
-21.8%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.8% | — | — | |
| Q4 2025 | -18.9% | -11.2% | -14.9% | |
| Q3 2025 | -14.1% | -27.3% | -10.0% | |
| Q2 2025 | +15.8% | +14.6% | +11.5% | |
| Q1 2025 | -1.4% | -7.8% | -1.4% | |
| Q4 2024 | +23.6% | +15.2% | +27.5% | |
| Q3 2024 | -10.4% | -8.5% | +2.7% | |
| Q2 2024 | +5.1% | +3.7% | -2.5% | |
| Q1 2024 | -4.3% | -1.2% | -4.5% | |
| Q4 2023 | -1.6% | -0.3% | -10.7% | |
| Q3 2023 | +15.9% | +29.5% | +49.5% | |
| Q2 2023 | -19.8% | -10.0% | -1.5% | |
| Q1 2023 | -21.8% | -27.9% | -21.7% | |
| Q4 2022 | -5.4% | -8.1% | +5.6% | |
| Q3 2022 | +0.4% | -0.8% | -0.6% | |
| Q2 2022 | +14.3% | +11.6% | -11.0% | |
| Q1 2022 | +2.9% | +11.6% | +20.3% | |
| Q4 2021 | -6.5% | -0.7% | +8.6% | |
| Q3 2021 | -10.4% | -8.7% | -15.8% | |
| Q2 2021 | -4.8% | -3.3% | -18.1% | |
| Q1 2021 | +23.1% | +24.7% | +24.1% | |
| Q4 2020 | -8.9% | -15.9% | -20.0% | |
| Q3 2020 | -3.0% | -10.2% | +1.5% | |
| Q2 2020 | +38.7% | +19.4% | +18.2% | |
| Q1 2020 | -19.5% | -21.8% | -13.2% | |
| Q4 2019 | +27.0% | +24.8% | +2.0% | |
| Q3 2019 | +6.4% | +9.9% | +20.4% | |
| Q2 2019 | -12.8% | -12.7% | -24.0% | |
| Q1 2019 | -18.5% | -18.9% | -17.3% | |
| Q4 2018 | +6.5% | +4.5% | -9.7% | |
| Q3 2018 | -12.7% | -9.5% | -1.4% | |
| Q2 2018 | -2.2% | +7.9% | +29.8% | |
| Q1 2018 | -4.3% | -1.0% | +20.4% | |
| Q4 2017 | -3.9% | -6.2% | +18.8% | |
| Q3 2017 | +10.4% | +14.1% | -12.9% | |
| Q2 2017 | +2.6% | +3.8% | +0.5% | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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