SoundThinking
Combines gunshot detection with investigative, patrol-planning, vehicle-recognition, and weapons-detection tools.
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Profile
Subscription software for public-safety agencies combines the ShotSpotter acoustic gunshot-location system with investigative, patrol-planning, vehicle-recognition, and concealed-weapons-detection tools. ShotSpotter supplies most revenue, while municipal contracts such as New York City's remain central to the business.
Built around the ShotSpotter acoustic system, the subscription platform locates gunfire and has expanded into SafetySmart tools. Those tools include CrimeTracer for investigative lead generation and search, CaseBuilder for investigation management, ResourceRouter for patrol and anti-violence resource planning, SafePointe for concealed-weapons detection, and PlateRanger for vehicle identification.
The workforce is concentrated in the United States. The company works through public-safety customers and depends materially on municipal contracts: ShotSpotter provides most revenue, and New York City is a major customer.
Public criticism has concerned the acoustic system's accuracy, effectiveness, surveillance, and deployment locations; the company has disputed those characterizations. Municipal contracts and debate over acoustic gunshot detection shape the business.
Company facts
Categories
Key statistics
Year to date −19.6% · Average volume (30d) 145.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 14, 2026 | Cantor Fitzgerald | Reiterate | Neutral | $10 | $8 | |
| Aug 14, 2026 | Northland Securities | Target | $10 | |||
| Aug 14, 2026 | Lake Street | Downgrade | Buy | Hold | $20 | $8 |
| Aug 14, 2026 | Roth Capital | Target | $13 | |||
| Aug 14, 2026 | Citigroup | Downgrade | Perform | Market Perform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | −$0.25 | −$0.37 | −46.1% | $25.8M | $23.9M | −7.3% | −25.03% |
| May 14, 2026Q1 FY26 | −$0.24 | −$0.54 | −125.0% | $24.3M | $24.2M | −0.4% | +0.76% |
| Mar 3, 2026Q4 FY25 | −$0.20 | −$0.22 | −10.0% | $24.7M | $24.8M | +0.4% | −18.90% |
| Nov 12, 2025Q3 FY25 | −$0.07 | −$0.16 | −128.6% | $24.7M | $25.1M | +1.7% | −14.12% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $28.3M | $25.9M | $25.1M | $24.8M | $24.2M | $23.9M | |
| Gross profit | $16.6M | $13.8M | $13.6M | $12.6M | $11.3M | $11.5M | |
| Operating income | −$1.2M | −$2.9M | −$2.1M | −$2.3M | −$6.3M | −$4.7M | |
| Net income | −$1.5M | −$3.1M | −$2.0M | −$2.8M | −$7.0M | −$4.8M | |
| Diluted EPS | −$0.12 | −$0.25 | −$0.16 | −$0.22 | −$0.54 | −$0.37 | |
| Gross margin | 58.5% | 53.3% | 54.3% | 50.9% | 46.6% | 48.3% | |
| Operating margin | -4.2% | -11.4% | -8.2% | -9.4% | -26.1% | -19.5% |
Fiscal years (4-quarter sums)FY21 $58.2M · FY22 $81.0M · FY23 $92.7M · FY24 $102.0M · FY25 $104.1M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $6.4M · Total debt $4.7M · Total assets $118.2M · Shareholders' equity $65.6M
Dividends
No dividends on record.
Ownership
Shares outstanding 12.95M · Float 6.98M · 53.9% free float
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Veradace Capital Management LLC | 2.09M | 16.13% | 13F | Aug 14, 2026 |
| Kopion Asset Management, LLC | 1.11M | 8.60% | 13F | Jul 7, 2026 |
| Ralph A. Clark · director, officer: President and CEO | 816.2K | 6.30% | Form 4 | May 21, 2026 |
| Rice Hall James & Associates, LLC | 466.9K | 3.60% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 415.9K | 3.21% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 23, 2026 | Veradace Partners LP | 10 percent owner | +7,016 | $7.04 |
| Feb 24, 2026 | Veradace Partners LP | 10 percent owner | +15,773 | $7.14 |
| Feb 18, 2026 | Veradace Partners LP | 10 percent owner | +105,880 | $7.14 |
| Feb 19, 2026 | Veradace Partners LP | 10 percent owner | +8,748 | $7.07 |
| Feb 2, 2026 | Veradace Partners LP | 10 percent owner | +18,985 | $7.07 |
Peers
- Alarm.com
Indoor gunshot detection for security deployments
- Axon Enterprise
ALPR and real-time crime-center overlap in public safety
- Motorola Solutions
ALPR and vehicle-location intelligence for public safety
- Evolv Technologies
AI-based concealed-weapons screening in public safety
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| SoundThinking | $6.20 | −0.48% | $80.3M | — | — | 0.8 | −7.7% |
| Alarm.com | $57.47 | −0.03% | $2.84B | 25.4 | 19.6 | 2.7 | +9.2% |
| Axon Enterprise | $601.00 | −0.05% | $48.42B | 249.0 | 67.0 | 15.0 | +35.3% |
| Motorola Solutions | $461.92 | −4.94% | $80.67B | 38.3 | 26.8 | 6.6 | +13.3% |
| Evolv Technologies | $5.25 | +0.00% | $942.5M | — | — | 5.5 | +34.4% |
| Median | 38.3 | 26.8 | 6.0 | +23.9% |