SoundThinking, Inc. Files Q3 2024 10-Q Report

TL;DR

SoundThinking (SSTI) filed its Q3 10-Q. Check financials.

AI Summary

SoundThinking, Inc. filed its 10-Q for the period ending September 30, 2024. The company, formerly known as ShotSpotter, Inc., reported its financial performance for the third quarter. Key financial details and operational updates are provided in this filing.

Why It Matters

This filing provides investors and analysts with the latest financial performance and operational details of SoundThinking, Inc., crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: medium — As a public company filing a quarterly report, there are inherent risks associated with financial performance and market perception.

Key Numbers

• Q3 — Quarterly Period (Reporting period for the 10-Q filing.)
• P3M — Three Month Period (Financial data for the three months ending September 30, 2024.)
• P1Y — Year-over-Year Period (Comparative financial data for the year ending September 30, 2024.)

Key Players & Entities

• SOUNDTHINKING, INC. (company) — Filer
• SHOTSPOTTER, INC. (company) — Former Company Name
• 20240930 (date) — Period of Report
• 20241113 (date) — Filing Date
• 001-38107 (other) — SEC File Number

FAQ

Key Financial Figures

• $0.005 — ch registered Common stock, par value $0.005 per share SSTI The Nasdaq Capital M

Filing Documents

• ssti-20240930.htm (10-Q) — 2173KB
• ssti-ex31_1.htm (EX-31.1) — 11KB
• ssti-ex31_2.htm (EX-31.2) — 11KB
• ssti-ex32_1.htm (EX-32.1) — 11KB
• 0000950170-24-126478.txt ( ) — 8167KB
• ssti-20240930.xsd (EX-101.SCH) — 1181KB
• ssti-20240930_htm.xml (XML) — 1233KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3. Qualitative and Quantitative Disclosures About Market Risk 31 Item 4.

Controls and Procedures

Controls and Procedures 31 PART II. OTHER INFORMATION Item 1

Legal Proceedings

Legal Proceedings 32 Item 1A.

Risk Factors

Risk Factors 32 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 61 Item 3. Defaults Upon Senior Securities 61 Item 4. Mine Safety Disclosures 61 Item 5. Other Information 61 Item 6. Exhibits 61 Exhibit Index 62

FINANCI AL INFORMATION

PART I. FINANCI AL INFORMATION

Condensed Consolid ated Financial Statements (Unaudited)

Item 1. Condensed Consolid ated Financial Statements (Unaudited) SoundThinking, Inc. Condensed Consolida ted Balance Sheets (In thousands, except share and per share data) September 30, December 31, 2024 2023 (unaudited) Assets Current assets Cash and cash equivalents $ 15,257 $ 5,703 Accounts receivable and contract assets, net 25,857 30,700 Prepaid expenses and other current assets 5,256 3,902 Total current assets 46,370 40,305 Property and equipment, net 20,979 21,028 Operating lease right-of-use assets 2,088 2,315 Goodwill 34,213 34,213 Intangible assets, net 34,148 36,938 Other assets 3,934 3,909 Total assets $ 141,732 $ 138,708 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 2,687 $ 3,031 Line of credit 4,000 7,000 Deferred revenue, short-term 43,458 41,265 Accrued expenses and other current liabilities 9,455 8,521 Total current liabilities 59,600 59,817 Deferred revenue, long-term 6,070 812 Deferred tax liability 1,358 1,226 Other liabilities 1,378 2,096 Total liabilities 68,406 63,951 Commitments and contingencies (Note 15) Stockholders' equity Common stock: $ 0.005 par value; 500,000,000 shares authorized; 12,558,536 and 12,761,448 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 63 64 Additional paid-in capital 173,771 170,139 Accumulated deficit ( 100,219 ) ( 95,118 ) Accumulated other comprehensive loss ( 289 ) ( 328 ) Total stockholders' equity 73,326 74,757 Total liabilities and stockholders' equity $ 141,732 $ 138,708 See accompanying notes to unaudited condensed consolidated financial statements. 2 SoundThinking, Inc. Condensed Consolidated S tatements of Operations (In thousands, except share and per share data) (Unaudited) Three Months Ended September 30, Nine Mont

View Full Filing

View this 10-Q filing on SEC EDGAR