SoundThinking Third Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

SoundThinking (NASDAQ:SSTI) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$24.0m (up 28% from 3Q 2022).
• Net loss: US$1.87m (down by 147% from US$4.03m profit in 3Q 2022).
• US$0.15 loss per share (down from US$0.33 profit in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

SoundThinking Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 159%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 16% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for SoundThinking that you need to take into consideration.

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