SSTINasdaqServices-Prepackaged SoftwareUS GAAP · USD

SoundThinking, Inc

SoundThinking, Inc. develops software and sensor-based public safety solutions used by law enforcement and security-focused organizations. Its product suite includes gunshot detection, investigative analytics, digital case management, and AI-based weapons detection tools delivered primarily through subscription and related service arrangements in the United States and selected international markets.

Kysy yhtiöstä
Liikevaihto104milj. USD
+2,1 %v/v
Liikevoitto (EBIT)−8,7milj. USD
−11,2 %v/v
EBIT-marginaali−8,4%
−0,7 %-yks.v/v
Nettotulos−9,4milj. USD
−2,6 %v/v
Vapaa kassavirta4,9milj. USD
−69,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−250255075100125milj. USD2020: 46 milj. USD2020: EBIT 1,3 milj. USD20202021: 58 milj. USD2021: EBIT −4,1 milj. USD20212022: 81 milj. USD2022: EBIT 7,7 milj. USD20222023: 93 milj. USD2023: EBIT −1,2 milj. USD20232024: 102 milj. USD2024: EBIT −7,9 milj. USD20242025: 104 milj. USD2025: EBIT −8,7 milj. USD2025104−8,7
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Gunshot detection55 %

Subscription-based acoustic detection systems that identify and alert on gunfire events.

Investigative analytics15 %

Cloud software for searching, analyzing, and connecting public safety data.

Case management and routing12 %

Software tools that organize case information and support public safety workflows.

Weapons detection10 %

AI-based entryway screening systems sold on a subscription basis.

Professional services and labs8 %

Implementation, development, and sponsored projects tied to customer deployments.

Tuotteet

Raportoitu · osuus liikevaihdosta
99,0%FY2025100 %
  • Subscription Maintenance and Support Services99,0 %
  • Professional Software Development Services1,0 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company sells mainly to police departments, public safety agencies, and other government-related customers that use its tools to detect gunfire, investigate incidents, and manage response workflows. It also serves security-sensitive venues and institutions that need weapons detection capabilities, including hospitals and potentially casinos. Customer adoption depends on procurement cycles, renewals, coverage expansion, and trust in the reliability of the solutions.

Law enforcement agencies

Buy ShotSpotter, CrimeTracer, CaseBuilder, and ResourceRouter to detect gunfire, investigate crime, and improve response workflows.

Public safety and government customers

Purchase subscription software and related services through procurement processes for municipal and regional public safety use.

Security-sensitive facilities

Buy SafePointe weapons detection systems for entry screening in places such as hospitals and other controlled-access sites.

Channel and intermediary partners

Resell or bundle CrimeTracer and related technology into broader solutions for end customers.

Sponsored research and community projects

Support SoundThinking Labs projects that may be revenue-producing on a cost-plus basis.

Strategia

The company is focused on expanding its installed base of public safety customers, increasing coverage within existing accounts, and cross-selling adjacent products into the same agencies. It is also extending the platform into new markets and use cases, including weapons detection in hospitals and other security-sensitive venues, while investing in AI and data-driven capabilities to broaden the solution set.

Expand existing customer relationshipsLyhyt aikaväli

Renewals and coverage expansion are central to recurring revenue growth in subscription public safety software.

Cross-sell adjacent productsKeskipitkä aikaväli

Adding CrimeTracer, CaseBuilder, ResourceRouter, and SafePointe raises revenue per customer and deepens the platform.

Enter new public safety and security marketsKeskipitkä aikaväli

New use cases reduce dependence on a single product category and open additional procurement pools.

Invest in AI and analyticsPitkä aikaväli

AI can improve detection, search, and workflow efficiency while strengthening product differentiation.

Maantiede

Q1/2026

SoundThinking is headquartered in the United States and generates most of its business from U.S. public safety customers. The company also notes international deployments, which can involve different billing and legal terms, but the core installed base and revenue concentration remain U.S.-centric. Geography matters because public-sector procurement, local regulations, and customer budgets can vary significantly by market.

USA91 %
Bahamas3,1 %
South Africa3,1 %
South America3,1 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

The business depends on public-sector budgets, procurement cycles, and customer trust, so delays in contracting or negative publicity can slow growth. It also faces operational and legal risks tied to sensor-based monitoring, data privacy, cybersecurity, third-party infrastructure, and the possibility that products do not perform as expected in high-stakes public safety settings.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Dependence on ShotSpotter revenue1Public-sector procurement and budget delays2Product performance and reputation risk3Data privacy and regulatory compliance4Cybersecurity and third-party dependency5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Dependence on ShotSpotter revenueVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Management states ShotSpotter is expected to remain a majority of revenue, so weakness in renewals or coverage expansion would affect the whole business.

    Kohdistuu: Core subscription base

  2. Public-sector procurement and budget delaysVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Customers often require competitive bidding and are exposed to political and budget cycles, which can postpone contracts and renewals.

    Kohdistuu: Police departments and government agencies

  3. Product performance and reputation riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The solutions are used in law enforcement and security contexts where failures can cause harm and reduce customer trust.

    KohdistuuShotSpotterSafePointeInvestigative tools
  4. Data privacy and regulatory complianceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Outdoor sensors, cameras, and data platforms create exposure to privacy, security, and information-handling rules.

    KohdistuuCJISSOC2HIPAAGDPRCCPA
  5. Cybersecurity and third-party dependencyVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company relies on cloud, data center, and other third-party systems that could fail or be attacked.

    Kohdistuu: Cloud hosting and customer data systems

  6. Customer concentration and collection riskVaikutus: Keskitaso

    Slower collections from a major customer can affect cash flow and working capital.

    Kohdistuu: Large municipal contracts

Kirjanpito

Harkinnanvaraiset erät
Subscription and service revenue recognition

Different products and contract structures can recognize revenue over time or with varying timing, affecting quarterly results.

Vaikutus: Revenue and deferred revenue

Net revenue presentation for intermediary arrangements

CrimeTracer access sold through an intermediary is recognized net of margins paid, reducing reported gross revenue.

Vaikutus: Reported revenue and gross margin

Contingent consideration

Earnout liabilities from acquisitions are remeasured using revenue estimates, creating fair value gains or losses.

Vaikutus: Other income/expense and liabilities

Stock-based compensation

Equity awards are allocated across operating expense lines and can materially affect operating results.

Vaikutus: Operating expenses

Capitalized deployment assets

Property and equipment installed in customer coverage areas affects investing cash flow and depreciation.

Vaikutus: Capex, depreciation, cash flow

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Päivitetty: 24.9.2026