SoundThinking, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results
FREMONT, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- SoundThinking, Inc. (Nasdaq: SSTI), a leading public safety technology company, today reported financial results for the fourth quarter ended December 31, 2023.
- Annual recurring revenue2 starting on January 1, 2024 was $95.4 million, compared to $79.7 million on January 1, 2023.
- “Our record quarterly revenue in the fourth quarter capped a successful year for SoundThinking,” said President and CEO Ralph Clark.
- Total operating expenses for the fourth quarter of 2023 were $10.6 million, compared to $11.9 million for the same period in 2022.
- Adjusted EBITDA for the fourth quarter of 2023 totaled $4.8 million, compared to $4.3 million in the same period last year.