SoundThinking GAAP EPS of -$0.23 Misses by $0.12, Revenue of $25.4 Million Beats by $0.44 Million (NASDAQ:SSTI)

The company reaffirmed its full-year 2024 revenue guidance range of $104.0 million to $106.0 million, versus consensus of $105.11 million, representing 13% year-over-year growth at the midpoint. The company It also expects adjusted EBITDA margins of 18% to 20% for the full year 2024.

“We expect to achieve revenue growth and increased profitability in 2025, even without the renewal of ShotSpotter's contract in Chicago,” Clark added. “We are confident in our ability to achieve long-term financial goals of 70% gross margin and 40% adjusted EBITDA margin, driven by the enduring success of ShotSpotter and accelerated adoption of our broader SafetySmart platform.