SoundThinking, Inc. Reports Second Quarter 2023 Financial Results
FREMONT, Calif., Aug. 08, 2023 (GLOBE NEWSWIRE) -- SoundThinking, Inc. (Nasdaq: SSTI) (formerly ShotSpotter, Inc.), a leading public safety technology company that combines data-driven solutions and strategic advisory services for law enforcement and civic leadership, today reported financial results for the second quarter ended June 30, 2023.
- GAAP net loss totaled $2.7 million, compared to GAAP net income of $3.0 million for the same quarter of 2022.
- Gross profit for the second quarter of 2023 was $12.7 million (57% of revenues), compared to $11.6 million (58% of revenues) for the same period in 2022.
- Total operating expenses for the second quarter of 2023 were $15.0 million, compared to $8.4 million for the same period in 2022.
- Adjusted EBITDA for the second quarter of 2023 totaled $2.4 million, compared to $4.1 million in the same period last year.