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SoundThinking, Inc., a public safety technology company, provides data-driven solutions and strategic advisory services for law enforcement, security teams, and civic leadership. Its SafetySmart platform that includes data-driven tools comprising ShotSpotter, an outdoor gunshot detection, location, and alerting system; CrimeTracer, an agency-wide crime data and intelligence platform that enables investigators, analysts, patrol officers and command staff to search through criminal justice records from across jurisdictions, leverage dashboards, and AI-assisted tools to generate tactical leads and make intelligent connections to solve cases; CaseBuilder, a one-stop investigative case management system for tracking, reporting and collaborating on cases; ResourceRouter, a software that directs the deployment of patrol and community anti-violence resources; PlateRanger powered by Rekor, an automatic license plate recognition and vehicle identification solution; and SafePointe, an artificial intelligence-based weapons detection system. The company also offers ShotSpotter for Campus and ShotSpotter for Corporate, to universities, corporate campuses, and key infrastructure centers to mitigate risk and enhance security by notifying authorities of outdoor gunfire incidents and saving critical minutes for first responders to arrive. In addition, it provides perimeter-based sniper gunshot detection solutions. The company sells its solutions through its direct sales teams. The company was formerly known as ShotSpotter, Inc. and changed its name to SoundThinking, Inc. in April 2023. SoundThinking, Inc. was founded in 1996 and is headquartered in Fremont, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $104M | $1M | $-9M | $5M | -13.1% | 2.1% | - |
| 2024 | $102M | $2M | $-9M | $16M | -12.7% | 10.0% | - |
| 2023 | $93M | $9M | $-3M | $5M | -3.6% | 14.5% | -142.6% |
| 2022 | $81M | $8M | $6M | $1M | 10.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 81 | 92.72 | 102.03 | 104.13 |
| Cost Of Revenue | 34.22 | 39.99 | 44.15 | 47.49 |
| Gross Profit | 46.78 | 52.73 | 57.88 | 56.64 |
| Operating Expense | 48.19 | 59.65 | 65.96 | 65.17 |
| Operating Income | -1.41 | -6.92 | -8.07 | -8.54 |
| EBITDA | 7.79 | 9.17 | 1.82 | 0.56 |
| EBIT | -1.41 | -1.47 | -8.25 | -9.29 |
| Pretax Income | 7.55 | -1.51 | -8.40 | -9.31 |
| Tax Provision | 1.17 | 1.20 | 0.78 | 0.11 |
| Net Income | 6.38 | -2.72 | -9.18 | -9.42 |
| Net Income Common Stockholders | 6.38 | -2.72 | -9.18 | -9.42 |
| Total Expenses | 82.41 | 99.64 | 110.10 | 112.66 |
| Interest Expense | 0 | 0.05 | 0.15 | 0.02 |
| Interest Income | 0.04 | 0 | 0 | 0 |
| Research And Development | 10.03 | 12.14 | 13.93 | 15.87 |
| Selling General And Administration | 38.17 | 47.52 | 52.03 | 49.31 |
| Normalized EBITDA | -1.36 | 3.49 | 1.60 | 0.76 |
| Normalized Income | -1.35 | -7.21 | -9.35 | -9.26 |
| Basic EPS | 0.52 | -0.22 | -0.72 | -0.74 |
| Diluted EPS | 0.52 | -0.22 | -0.72 | -0.74 |
| Tax Effect Of Unusual Items | 1.41 | 1.19 | 0.05 | -0.04 |
| Tax Rate For Calcs | 0.15 | 0.21 | 0.21 | 0.21 |
| Total Unusual Items | 9.15 | 5.69 | 0.22 | -0.20 |
| Total Unusual Items Excluding Goodwill | 9.15 | 5.69 | 0.22 | -0.20 |
| Net Income From Continuing Operation Net Minority Interest | 6.38 | -2.72 | -9.18 | -9.42 |
| Reconciled Depreciation | 9.20 | 10.64 | 10.07 | 9.85 |
| Reconciled Cost Of Revenue | 34.22 | 39.99 | 44.15 | 47.49 |
| Net Interest Income | 0.04 | -0.05 | -0.15 | -0.02 |
| Net Income From Continuing And Discontinued Operation | 6.38 | -2.72 | -9.18 | -9.42 |
| Total Operating Income As Reported | 7.75 | -1.24 | -7.86 | -8.73 |
| Diluted Average Shares | 12.32 | 12.43 | 12.71 | 12.72 |
| Basic Average Shares | 12.17 | 12.43 | 12.71 | 12.72 |
| Diluted NI Availto Com Stockholders | 6.38 | -2.72 | -9.18 | -9.42 |
| Net Income Including Noncontrolling Interests | 6.38 | -2.72 | -9.18 | -9.42 |
| Net Income Continuous Operations | 6.38 | -2.72 | -9.18 | -9.42 |
| Other Income Expense | 8.91 | 5.46 | -0.17 | -0.75 |
| Other Non Operating Income Expenses | -0.24 | -0.23 | -0.39 | -0.56 |
| Special Income Charges | 9.15 | 5.69 | 0.22 | -0.20 |
| Restructuring And Mergern Acquisition | -9.15 | -5.69 | -0.22 | 0.20 |
| Net Non Operating Interest Income Expense | 0.04 | -0.05 | -0.15 | -0.02 |
| Total Other Finance Cost | -0.04 | 0.05 | 0.15 | 0 |
| Interest Expense Non Operating | 0 | 0.05 | 0.15 | 0.02 |
| Interest Income Non Operating | 0.04 | 0 | 0 | 0 |
| Selling And Marketing Expense | 22.42 | 26.96 | 28.14 | 26.10 |
| General And Administrative Expense | 15.75 | 20.56 | 23.89 | 23.21 |
| Other Gand A | 15.75 | 20.56 | 23.89 | 23.21 |
| Operating Revenue | 81 | 92.72 | 102.03 | 104.13 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| SoundThinking, Inc.this co. | SSTI | $89M | - | 1.22 | -13.1% | 45.14 |
| Digimarc Corporation | DMRC | $158M | - | 3.87 | -80.3% | -6.77 |
| TTEC Holdings, Inc. | TTEC | $141M | - | 1.49 | -170.5% | 5.74 |
| KULR Technology Group, Inc. | KULR | $111M | - | 0.91 | -50.9% | -2.45 |
| Expensify, Inc. | EXFY | $106M | - | 0.74 |
| -16.1% |
| -2.34 |
| SunPower Inc. | SPWR | $105M | - | -1.02 | 50.3% | -16.16 |
| CSP Inc. | CSPI | $103M | - | 2.29 | -0.2% | -30.63 |
| Airship AI Holdings, Inc. | AISP | $76M | 2.91 | -10.63 | -410.1% | -9.02 |
| Neonode Inc. | NEON | $26M | 3.27 | 1.07 | 34.4% | -0.11 |
| Peer Median | - | 3.09 | 0.99 | -33.5% | -4.61 | |