By Elias Schisgall

Shares of SoundThinking slipped after the maker of the ShotSpotter technology cut its full-year revenue outlook due to contract delays.

The stock was down 16%, at $7.09, midday Thursday and has fallen about 46% year-to-date.

The company on Wednesday posted a third-quarter loss of $2 million, or 16 cents a share, compared with a loss of $1.4 million, or 11 cents a share, a year earlier. Analysts polled by FactSet were looking for a loss of 6 cents a share.

Revenue for the quarter was $25.1 million, compared with $26.2 million a year earlier. Analysts were expecting $28 million in sales.

SoundThinking Chief Executive Officer Ralph Clark said lower revenue numbers were due to deployment delays for a handful of contracts, which he said would be fulfilled in the near future. Revenue was also affected after Puerto Rican municipalities declined to renew their ShotSpotter contract in July.

The company cut its full-year revenue outlook to about $104 million, from a previous projection of between $113 million and $111 million.

"While some near-term revenues were delayed by the timing of domestic contracts and an international contract, the underlying strength of our business remains intact," Clark said, adding that the company saw potential in the launch of its AI-powered CrimeTracer Gen3 product, currently in beta release.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

November 13, 2025 12:44 ET (17:44 GMT)

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