SoundThinking Inc. reported its financial results for the first quarter of 2025, showing an increase in revenues to $28.3 million, compared to $25.4 million in the same quarter of 2024. This increase was primarily driven by approximately $3.5 million in catch-up revenue from the renewal of two delayed contracts with the New York City Police Department. Gross profit for the first quarter of 2025 remained consistent at 59% of revenues, amounting to $16.6 million, compared to $14.9 million in the same period of the previous year. The company remains committed to achieving its long-term financial targets, which include a 70% gross margin and a 40% Adjusted EBITDA margin, while aiming for a 15% annual growth in topline revenue. SoundThinking also emphasized its confidence in its strategies, vision, and ability to lead the evolution of the public safety and commercial security landscape through technology innovation and trusted partnerships.
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