Overview
SoundThinking Q3 revenue decreased 4% yr/yr, missing analyst expectations
Adjusted EPS for Q3 missed analyst expectations
Company repurchased 160,271 shares for $2.0 mln under existing program
Outlook
Company lowers full-year 2025 revenue guidance from $111.0 million to $113.0 million to approximately $104.0 million
SoundThinking reduces 2025 Adjusted EBITDA margin guidance to 14%-15%
Company anticipates renewed growth and margin expansion in 2026
Result Drivers
CONTRACT DELAYS - Revenue decline attributed to delays in domestic and international contracts, including ShotSpotter renewal in Puerto Rico and a statewide CrimeTracer booking
EXPANSION - Expanded ShotSpotter service to two new cities and one university, and expanded with two existing customers
AI AND SAFEPOINTE - Introduced new AI capabilities and saw SafePointe gain traction in healthcare settings
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $25.10 mln | $27.95 mln (7 Analysts) |
Q3 Adjusted EPS | Miss | -$0.16 | -$0.06 (7 Analysts) |
Q3 EPS | -$0.16 | ||
Q3 Net Income | -$2.04 mln | ||
Q3 Adjusted EBITDA | $3.48 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for SoundThinking Inc is $20.00, about 58.5% above its November 11 closing price of $8.31
Press Release: ID:nGNXQ73JT
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)