SoundThinking, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:14 pm EST
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SoundThinking, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 23.98 million compared to USD 18.78 million a year ago. Net loss was USD 1.87 million compared to net income of USD 4.03 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to basic earnings per share from continuing operations of USD 0.33 a year ago. Diluted loss per share from continuing operations was USD 0.15 compared to diluted earnings per share from continuing operations of USD 0.33 a year ago.
For the nine months, sales was USD 66.67 million compared to USD 60.01 million a year ago. Net loss was USD 6.36 million compared to net income of USD 7.43 million a year ago. Basic loss per share from continuing operations was USD 0.52 compared to basic earnings per share from continuing operations of USD 0.61 a year ago. Diluted loss per share from continuing operations was USD 0.52 compared to diluted earnings per share from continuing operations of USD 0.6 a year ago.
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 Companyâs SafetySmart platform includes ShotSpotter, the acoustic gunshot detection system; CrimeTracer, a law enforcement search engine; CaseBuilder, an investigation management system; ResourceRouter, software that directs patrol and community anti-violence resources to help maximize their impact; and SafePointe, an AI-based weapons detection system. ShotSpotter, its acoustic gunshot detection technology serves cities and municipalities seeking to identify, locate and deter persistent, localized gun violence by incorporating a real-time gunshot detection system into their policing systems. CrimeTracer is a law enforcement search engine and information platform that enables law enforcement to search data from agencies across the United States using natural language speech terms and concepts.