UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38107 SoundThinking, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 47-0949915 (State or other jurisdiction ...

Summary: SoundThinking joins the nation in honoring fallen officers and expressing gratitude to all who serve during National Police Week, reaffirming its commitment to the law enforcement community. FREMONT, Calif., May 13, 2025 (GLOBE NEWSWIRE) -- SoundThinking, Inc. (Nasdaq: SSTI), a leading public safety technology provider, joins the nation in honoring the courage, dedication, and sacrifice of law enforcement officers during National Police Week from May 11, 2025 to May 17, 2025. This annual observance ...

SoundThinking (SSTI) Q1 2025 Earnings Call May 13, 2025 04:30 PM ET Speaker0 Good afternoon, and welcome to Sound Thinking's First Quarter twenty twenty five Earnings Conference Call. My name is Kevin, and I'll be your operator for today's call. Joining us are Sound Thinking's CEO, Ralph Clark and CFO, Alan Stewart. Please note that certain information discussed on the call today will include forward looking statements for our future events and Sound Thinking's business strategy and future financial and ope ...

Exhibit 99.1 SoundThinking, Inc. Reports First Quarter 2025 Financial Results Revenues Increased 12% to $28.3 Million, Including the Renewal of Two Delayed Contracts with the New York City Police Department Company Reaf irms FY 2025 Revenue Guidance Range of $111.0 Million to $113.0 Million, Representing 10% Year- Over-Year Growth at the Midpoint, and Reduces FY 2025 Adjusted EBITDA Margin Guidance Range from 21% to 23% to 20% to 22% Company Reaf irms Expectation for ARR 1 to Increase from $95.6 Million at ...

Revenues Increased 12% to $28.3 Million, Including the Renewal of Two Delayed Contracts with the New York City Police Department Company Reaffirms FY 2025 Revenue Guidance Range of $111.0 Million to $113.0 Million, Representing 10% Year-Over-Year Growth at the Midpoint, and Reduces FY 2025 Adjusted EBITDA Margin Guidance Range from 21% to 23% to 20% to 22% Company Reaffirms Expectation for ARR1 to Increase from $95.6 Million at the Beginning of 2025 to Approximately $110.0 Million at the Beginning of 2026 F ...

FREMONT, Calif., April 22, 2025 (GLOBE NEWSWIRE) -- SoundThinking, Inc. (Nasdaq: SSTI) (“SoundThinking” or the “Company”), a leading public safety technology company, today announced the date for the release of its first quarter 2025 earnings and its participation in upcoming investor conferences. First Quarter 2025 Earnings Date SoundThinking will hold a conference call on Tuesday, May 13, 2025 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the first quarter ended M ...

SoundThinking announces the addition of Burton Goldfield, former President and CEO of TriNet, to its Board of DirectorsFREMONT, Calif., April 17, 2025 (GLOBE NEWSWIRE) -- SoundThinking, Inc. (Nasdaq: SSTI) (“SoundThinking” or the “Company”), a leading public safety technology company, today announced the appointment of Burton Goldfield to its Board of Directors effective April 17, 2025. He will also serve as a member of the Company’s Audit Committee and Compensation and Human Capital Committee, with the com ...

FREMONT, Calif. and COLUMBIA, Md., April 15, 2025 (GLOBE NEWSWIRE) -- SoundThinking, Inc. (Nasdaq: SSTI), a leading public safety technology provider, today announced the integration of PlateRanger™ powered by Rekor® (Nasdaq: REKR) – its advanced license plate and vehicle recognition (ALPR) solution – into the company's SafetySmart™ platform alongside ShotSpotter® and CrimeTracer™. These milestones strengthen SoundThinking's commitment to open standards and seamless interoperability, empowering law enforcem ...

Core Insights - SoundThinking's ResourceRouter customer base more than doubled in 2024, driven by new patrol operations capabilities that enhance efficiency amid staffing challenges [2][5] - The platform provides officers with critical field information, enabling more effective and safer patrol operations [2][3] Company Overview - SoundThinking, Inc. (NASDAQ:SSTI) is a leading public safety technology provider, delivering AI- and data-driven solutions for law enforcement and security professionals [6] - The company has over 300 customers and has collaborated with approximately 2,100 agencies to improve public safety outcomes [6] Product Features - ResourceRouter includes advanced features that allow officers to access vital operational intelligence on mobile devices, facilitating centralized communication of time-sensitive information [3][4] - The platform's map overlay system serves as a centralized information depot, improving response times and operational efficiency [4] Impact on Law Enforcement - ResourceRouter has been credited with reducing violent crime and enhancing community trust through data-driven policing [5] - The system provides accountability tools for supervisors to track patrol completion in real time, fundamentally changing operational practices [5] Market Demand - The rapid growth of ResourceRouter indicates a strong demand for technology that addresses staffing shortages and enhances patrol efficiency [5]

Customer Base and Market Penetration - As of December 31, 2024, the company had approximately 328 customers and had worked with about 2,100 agencies to enhance public safety outcomes[16] - The company serves law enforcement agencies in three of the ten largest U.S. cities as ShotSpotter customers, indicating early-stage penetration in the public safety market[118] - The two largest customers, the City of New York and the City of Chicago, accounted for 23% and 10% of revenues, respectively, for the year ended December 31, 2024[131] - Approximately 39% of ShotSpotter customers have expanded their coverage areas by an average of almost eight square miles, contributing to a revenue retention rate of 105% for 2024[119] - The company has identified a significant demand for its ResourceRouter solution, estimating a market of up to 1,500 cities with an average investment of $50,000 to $100,000 per year per customer[113] Product Offerings and Innovations - The SafetySmart platform includes six data-driven tools, with ShotSpotter® being the flagship product trusted by 177 cities and 20 universities and corporations[17] - The company has introduced PlateRanger™ powered by Rekor®, an advanced license plate recognition solution launched in July 2024[17] - The integration of solutions with drones and video surveillance enhances situational awareness and improves evidence collection for law enforcement[60] - The CrimeTracer search engine allows law enforcement to access over 1.3 billion structured and unstructured data points, facilitating immediate tactical leads[74] - The CaseBuilder solution aims to improve homicide clearance rates, which were below 50% in 2021, by providing a complete digital case management system[81] - ResourceRouter utilizes AI-driven analysis to optimize patrol deployment, ensuring officers are in the right place at the right time for crime prevention[91] - The PlateRanger solution, launched in partnership with Rekor Systems, enhances investigative efficiency through real-time data sharing and vehicle identification[95] - Detailed Forensic Reports provide comprehensive, court-admissible analysis of shooting incidents, supporting investigations and legal proceedings[61] - The ShotSpotter Insight application allows users to view, search, and filter historical incident data, aiding in investigative efforts[59] - The company invested in enhancing its advanced signal processing and classification algorithms, and deployed a complete overhaul of its SafePointe solution called NextGen in September 2024[137] Financial Performance and Revenue - The company reported a net loss of $9.2 million for the year ended December 31, 2024, with an accumulated deficit of $104.3 million[180] - The company recognizes subscription revenues ratably over the term of contracts, which can lead to fluctuations in reported revenues[174] - The company estimates that a customer in the domestic market for public safety solutions could invest approximately $400,000 per year for ShotSpotter, while smaller cities may invest between $50,000 to $100,000 annually[110] - The company has increased its revolving credit commitment from $20.0 million to $25.0 million and extended the maturity date of its credit agreement to October 15, 2025[227] - As of December 31, 2024, there was $4.0 million outstanding on the company's line of credit[227] Strategic Partnerships and Acquisitions - The acquisition of SafePointe has expanded the total addressable market (TAM) into the estimated $20 billion weapons detection market, broadening the customer base into healthcare, casinos, and enterprise-level corporations[125] - The strategic partnership with Rekor to launch the PlateRanger™ solution is expected to tap into a fast-growing advanced license plate recognition (ALPR) market, with an additional TAM expansion of $3.2 billion[116][125] - The company has acquired complementary technologies or businesses, including LEEDS, LLC in November 2020, Forensic Logic in January 2022, and SafePointe in August 2023[183] Challenges and Risks - The company faces risks related to funding availability for its customers, particularly local governments, which could impact sales[185] - The company’s contract with the City of Chicago ended in November 2024, representing a significant revenue loss of 10%[186] - Macroeconomic pressures, such as inflation and rising interest rates, could adversely affect the company’s ability to maintain or increase revenues[188] - Economic uncertainties, including geopolitical tensions and inflation, may impact customer funding and purchasing decisions, leading to unpredictable revenue growth[205] - A significant portion of customers rely on federal funding for purchasing solutions, and any reduction in such funding could adversely affect sales[200] - New competitors entering the public safety solutions market could increase competition and impact revenue growth[208] - Privacy concerns regarding government surveillance may deter potential customers from purchasing the company's solutions[209] - The ongoing social unrest may adversely affect police agency budgets and funding available to current and potential customers, impacting the company's revenues and operations[211] Growth Strategy and Market Expansion - The company plans to increase investment in international product, sales, and marketing efforts to penetrate new geographies, with only four current ShotSpotter customers outside the U.S.[120] - The company aims to build a global sales organization to further penetrate the market for ShotSpotter and expand its security solutions customer base[132] - The company focuses on new customer acquisition, customer renewal, add-on sales, and coverage expansion through its direct sales teams[132] - The company aims to increase cross-selling efforts to existing customers but faces uncertainty regarding their receptiveness to new solutions[213] Employee Relations and Corporate Culture - The company has been designated a Great Place to Work® Company for the last six years, reflecting its commitment to employee relations and well-being[152] - As of December 31, 2024, the company employed 316 people, with a total attrition rate of less than 20%[152] - The company has a three-pronged strategy to grow diversity over time, focusing on attracting diverse talent, creating an inclusive workplace, and collaborating with customers and partners[154] Research and Development - The company has engaged in research and development activities with manufacturing partners and outsourced certain activities to engineering firms to supplement its internal team[137] - The company continues to evaluate new technologies for integration, aiming to enhance the value of its solutions for customers[60] - The marketing function's largest investment is in demand generation, aimed at driving a new and qualified pipeline for each product in the SafetySmart platform[133] Compliance and Regulatory Issues - Compliance with CJIS standards is necessary for certain customers, and failure to meet these requirements could harm sales and reputation[197] - Changes in federal funding availability and political landscapes may lead to operational changes in federal agencies, impacting the company's business[206]