SoundThinking, Inc. (SSTI) 10-Year Financial Performance & Capital Metrics

SSTI • • Industrial / General

TechnologyApplication SoftwareSecurity & Identity ManagementBiometric Security

AboutSoundThinking, Inc., a public safety technology company, provides data-driven solutions and strategic advisory services for law enforcement, security teams, and civic leadership. Its SafetySmart platform that includes data-driven tools comprising ShotSpotter, an outdoor gunshot detection, location, and alerting system; CrimeTracer, a law enforcement search engine that enables investigators to search through criminal justice records from across jurisdictions to generate tactical leads and solve cases; CaseBuilder, an investigative management system for tracking, reporting, and collaborating on cases; ResourceRouter, a software that directs deployment of patrol and community anti-violence resources; PlateRanger powered by Rekor, an advanced license plate recognition (ALPR) and vehicle identification solution; and SafePointe, an artificial intelligence-based weapons detection system. The company also offers ShotSpotter for Campus and ShotSpotter for Corporate, to universities, corporate campuses, and key infrastructure centers to mitigate risk and enhance security by notifying authorities of outdoor gunfire incidents and save critical minutes for first responders to arrive. It sells its solutions through its direct sales teams. The company was formerly known as ShotSpotter, Inc. and changed its name to SoundThinking, Inc. in April 2023. SoundThinking, Inc. was founded in 1996 and is headquartered in Fremont, California.Show more

Revenue $102M +10.0%
EBITDA $2M -76.5%
Net Income -$9M -237.7%
EPS (Diluted) -0.72 -227.3%
Gross Margin 57.32% +0.6%
EBITDA Margin 2.17% -78.6%
Operating Margin -7.7% -476.1%
Net Margin -9% -206.9%
ROE -12.48% -211.5%
ROIC -8.19% -483.8%
Debt/Equity 0.08 -34.3%
Interest Coverage -51.01 -97.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓FCF machine: 15.5% free cash flow margin
✓Strong 5Y sales CAGR of 20.1%
✓Trading at only 1.4x book value

✗Weaknesses

✗Weak momentum: RS Rating 18 (bottom 18%)
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y20.15%

3Y20.61%

TTM-1.83%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-635.73%

EPS CAGR

10Y-

5Y-

3Y-

TTM-615.49%

ROCE

10Y Avg-35.27%

5Y Avg-0.79%

3Y Avg1.04%

Latest-9.71%

Peer Comparison

Biometric Security

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MITKMitek Systems, Inc.	461.54M	10.09	146.02	-0.27%	8.71%	6.53%	6.55%	0.70
RDVTRed Violet, Inc.	722.44M	51.28	102.56	24.89%	12.96%	11.01%	3.29%	0.02
YOUClear Secure, Inc.	3.33B	34.13	21.88	25.57%	20.97%	109.45%	8.53%	0.51
IDAIT Stamp Inc.	21.71M	4.14	-0.36	-32.41%	-316.35%	-189.51%		1.30
AWREAware, Inc.	40.82M	1.91	-9.10	-4.69%	-32.18%	-20.59%		0.14
SSTISoundThinking, Inc.	102.1M	8.04	-11.17	10.05%	-10.44%	-14.59%	15.46%	0.08
RSKDRiskified Ltd.	775.98M	4.73	-23.65	10.05%	-11.04%	-11.83%	5.03%	0.07
IDNIntellicheck, Inc.	122.24M	6.05	-127.37	5.77%	0.95%	1.11%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	11.79M	15.51M	23.76M	34.75M	40.75M	45.73M	58.16M	81M	92.72M	102.03M
Revenue Growth %	-	0.32%	0.53%	0.46%	0.17%	0.12%	0.27%	0.39%	0.14%	0.1%
Cost of Goods Sold+	8.3M	9.55M	12.16M	15.53M	16.41M	18.52M	25.64M	34.22M	39.87M	43.54M
COGS % of Revenue	0.7%	0.62%	0.51%	0.45%	0.4%	0.41%	0.44%	0.42%	0.43%	0.43%
Gross Profit+	3.49M	5.96M	11.6M	19.22M	24.34M	27.21M	32.52M	46.78M	52.84M	58.49M
Gross Margin %	0.3%	0.38%	0.49%	0.55%	0.6%	0.59%	0.56%	0.58%	0.57%	0.57%
Gross Profit Growth %	-	0.71%	0.95%	0.66%	0.27%	0.12%	0.2%	0.44%	0.13%	0.11%
Operating Expenses+	9.01M	10.93M	15.93M	21.79M	22.75M	25.92M	36.59M	39.04M	54.08M	66.34M
OpEx % of Revenue	0.76%	0.7%	0.67%	0.63%	0.56%	0.57%	0.63%	0.48%	0.58%	0.65%
Selling, General & Admin	5.65M	6.84M	11.77M	16.8M	17.4M	20.07M	28.22M	38.17M	46.72M	52.03M
SG&A % of Revenue	0.48%	0.44%	0.5%	0.48%	0.43%	0.44%	0.49%	0.47%	0.5%	0.51%
Research & Development	3.36M	4.09M	4.16M	4.99M	5.34M	5.61M	7.04M	10.03M	12.14M	13.93M
R&D % of Revenue	0.28%	0.26%	0.18%	0.14%	0.13%	0.12%	0.12%	0.12%	0.13%	0.14%
Other Operating Expenses	-28K	-47K	0	0	0	234K	1.33M	-9.15M	-4.77M	387K
Operating Income+	-5.52M	-4.97M	-4.33M	-2.57M	1.59M	1.29M	-4.07M	7.75M	-1.24M	-7.86M
Operating Margin %	-0.47%	-0.32%	-0.18%	-0.07%	0.04%	0.03%	-0.07%	0.1%	-0.01%	-0.08%
Operating Income Growth %	-	0.1%	0.13%	0.41%	1.62%	-0.19%	-4.15%	2.9%	-1.16%	-5.34%
EBITDA+	-3.26M	-2.42M	-1.21M	1.35M	6.58M	6.88M	2.76M	16.95M	9.4M	2.21M
EBITDA Margin %	-0.28%	-0.16%	-0.05%	0.04%	0.16%	0.15%	0.05%	0.21%	0.1%	0.02%
EBITDA Growth %	-	0.26%	0.5%	2.11%	3.88%	0.05%	-0.6%	5.14%	-0.45%	-0.76%
D&A (Non-Cash Add-back)	2.26M	2.55M	3.12M	3.92M	4.98M	5.59M	6.83M	9.2M	10.64M	10.07M
EBIT	-5.52M	-4.97M	-4.33M	-2.57M	1.76M	1.53M	-2.74M	-1.41M	-1.47M	-7.47M
Net Interest Income+	-643K	-1.32M	-1.11M	82K	440K	113K	38K	45K	-48K	-154K
Interest Income	0	0	0	0	440K	113K	38K	45K	0	0
Interest Expense	643K	1.32M	1.11M	82K	0	0	0	0	48K	154K
Other Income/Expense	-671K	-1.89M	-5.49M	-170K	162K	-158K	-306K	-195K	-275K	-547K
Pretax Income+	-6.19M	-6.86M	-9.82M	-2.74M	1.76M	1.14M	-4.38M	7.55M	-1.51M	-8.4M
Pretax Margin %	-0.53%	-0.44%	-0.41%	-0.08%	0.04%	0.02%	-0.08%	0.09%	-0.02%	-0.08%
Income Tax+	0	0	160K	-13K	-41K	-90K	56K	1.17M	1.2M	778K
Effective Tax Rate %	1%	1%	1.02%	1%	1.02%	1.08%	1.01%	0.85%	1.8%	1.09%
Net Income+	-6.19M	-6.86M	-9.98M	-2.73M	1.8M	1.23M	-4.43M	6.38M	-2.72M	-9.18M
Net Margin %	-0.53%	-0.44%	-0.42%	-0.08%	0.04%	0.03%	-0.08%	0.08%	-0.03%	-0.09%
Net Income Growth %	-	-0.11%	-0.45%	0.73%	1.66%	-0.32%	-4.62%	2.44%	-1.43%	-2.38%
Net Income (Continuing)	-6.19M	-6.86M	-9.98M	-2.73M	1.8M	1.23M	-4.43M	6.38M	-2.72M	-9.18M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.97	-1.08	-1.61	-0.26	0.15	0.10	-0.38	0.52	-0.22	-0.72
EPS Growth %	-	-0.11%	-0.49%	0.84%	1.58%	-0.33%	-4.8%	2.37%	-1.42%	-2.27%
EPS (Basic)	-0.97	-1.08	-1.61	-0.26	0.16	0.11	-0.38	0.52	-0.22	-0.72
Diluted Shares Outstanding	6.37M	6.37M	6.2M	10.57M	11.85M	11.73M	11.65M	12.32M	12.43M	12.71M
Basic Shares Outstanding	6.37M	6.37M	6.2M	10.48M	11.3M	11.41M	11.65M	12.17M	12.35M	12.71M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	7.26M	6.87M	24.36M	27.07M	40.2M	31.14M	34.27M	44.66M	39.01M	43.53M
Cash & Short-Term Investments	4.12M	3.87M	19.57M	10.22M	24.55M	16.04M	15.64M	10.48M	5.7M	13.18M
Cash Only	4.12M	3.87M	19.57M	10.22M	24.55M	16.04M	15.64M	10.48M	5.7M	13.18M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.67M	2.41M	3.93M	15.27M	13.88M	12.92M	16.13M	30.96M	30.7M	25.46M
Days Sales Outstanding	82.53	56.73	60.33	160.34	124.34	103.12	101.26	139.49	120.86	91.09
Inventory	423K	512K	785K	1.52M	0	0	0	0	0	0
Days Inventory Outstanding	18.59	19.57	23.56	35.74	-	-	-	-	-	-
Other Current Assets	338K	401K	521K	1.14M	876K	1.48M	939K	1.25M	455K	1.48M
Total Non-Current Assets+	7.29M	9.24M	11.83M	20.05M	20.37M	35.18M	38.03M	78.09M	101.93M	93.27M
Property, Plant & Equipment	7.01M	8.96M	11.6M	16.5M	17.11M	16.23M	19.73M	25.23M	23.34M	22.01M
Fixed Asset Turnover	1.68x	1.73x	2.05x	2.11x	2.38x	2.82x	2.95x	3.21x	3.97x	4.64x
Goodwill	0	0	0	1.38M	1.38M	2.81M	2.82M	22.97M	34.21M	34.21M
Intangible Assets	52K	66K	95K	242K	249K	14.54M	13.56M	27.32M	36.94M	33.18M
Long-Term Investments	0	0	0	0	0	0	0	0	581K	0
Other Non-Current Assets	226K	220K	143K	1.92M	1.63M	1.6M	1.92M	2.57M	4.62M	3.86M
Total Assets+	14.56M	16.12M	36.2M	47.12M	60.57M	66.32M	72.3M	122.75M	140.94M	136.79M
Asset Turnover	0.81x	0.96x	0.66x	0.74x	0.67x	0.69x	0.80x	0.66x	0.66x	0.75x
Asset Growth %	-	0.11%	1.25%	0.3%	0.29%	0.09%	0.09%	0.7%	0.15%	-0.03%
Total Current Liabilities+	9.68M	15.22M	21.22M	28.84M	32.42M	30.98M	34.5M	53.51M	59.82M	56.06M
Accounts Payable	926K	1.34M	1.63M	1.31M	1.18M	1.19M	1.59M	1.63M	3.03M	3.44M
Days Payables Outstanding	40.7	51.07	48.82	30.71	26.23	23.49	22.6	17.42	27.75	28.85
Short-Term Debt	0	667K	0	0	0	0	0	0	7.96M	4M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K	1000K
Other Current Liabilities	7.66M	250K	1.33M	1.82M	3.31M	24.89M	5.16M	8.01M	929K	9.03M
Current Ratio	0.75x	0.45x	1.15x	0.94x	1.24x	1.01x	0.99x	0.83x	0.65x	0.78x
Quick Ratio	0.71x	0.42x	1.11x	0.89x	1.24x	1.01x	0.99x	0.83x	0.65x	0.78x
Cash Conversion Cycle	60.42	25.23	35.07	165.37	-	-	-	-	-	-
Total Non-Current Liabilities+	55.33M	58.1M	2.81M	1.14M	896K	1.04M	3.99M	8.3M	6.37M	8.34M
Long-Term Debt	9.56M	11.01M	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	296K	461K	2.01M	2.55M	1.54M	1.14M
Deferred Tax Liabilities	0	0	0	0	0	0	0	685K	3.46M	1.36M
Other Non-Current Liabilities	43.44M	43.97M	104K	76K	2K	575K	1.5M	3.25M	554K	0
Total Liabilities	65.01M	73.32M	24.04M	29.97M	33.32M	32.01M	38.49M	61.8M	66.18M	64.39M
Total Debt+	9.56M	11.68M	0	0	598K	945K	2.42M	3.42M	9.51M	6.05M
Net Debt	5.44M	7.81M	-19.57M	-10.22M	-23.95M	-15.1M	-13.21M	-7.06M	3.8M	-7.13M
Debt / Equity	-	-	-	-	0.02x	0.03x	0.07x	0.06x	0.13x	0.08x
Debt / EBITDA	-	-	-	-	0.09x	0.14x	0.88x	0.20x	1.01x	2.73x
Net Debt / EBITDA	-	-	-	-7.57x	-3.64x	-2.19x	-4.79x	-0.42x	0.40x	-3.22x
Interest Coverage	-8.58x	-3.78x	-3.89x	-31.32x	-	-	-	-	-25.81x	-51.01x
Total Equity+	-50.45M	-57.21M	12.16M	17.15M	27.25M	34.3M	33.81M	60.95M	74.76M	72.4M
Equity Growth %	-	-0.13%	1.21%	0.41%	0.59%	0.26%	-0.01%	0.8%	0.23%	-0.03%
Book Value per Share	-7.92	-8.98	1.96	1.62	2.30	2.92	2.90	4.95	6.02	5.70
Total Shareholders' Equity	-50.45M	-57.21M	12.16M	17.15M	27.25M	34.3M	33.81M	60.95M	74.76M	72.4M
Common Stock	8K	8K	48K	55K	57K	58K	58K	62K	64K	64K
Retained Earnings	-80.75M	-87.61M	-97.59M	-97.38M	-95.58M	-94.35M	-98.78M	-92.4M	-95.12M	-104.3M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-5.44M	-2K	1K	-149K	-134K	-170K	-238K	-290K	-328K	-388K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-3.5M	2.26M	3.39M	-1.39M	13.69M	11.21M	9.82M	12.18M	10.95M	22.22M
Operating CF Margin %	-0.3%	0.15%	0.14%	-0.04%	0.34%	0.25%	0.17%	0.15%	0.12%	0.22%
Operating CF Growth %	-	1.64%	0.5%	-1.41%	10.88%	-0.18%	-0.12%	0.24%	-0.1%	1.03%
Net Income	-6.19M	-6.86M	-9.98M	-2.73M	1.8M	1.23M	-4.43M	6.38M	-2.72M	-9.18M
Depreciation & Amortization	2.26M	2.55M	3.12M	3.92M	4.98M	5.59M	6.83M	9.2M	10.64M	10.07M
Stock-Based Compensation	137K	83K	628K	2.47M	3.06M	4.46M	5.87M	8.28M	9.98M	12.13M
Deferred Taxes	107K	551K	5M	0	-11.88M	0	0	685K	541K	135K
Other Non-Cash Items	88K	131K	132K	690K	11.88M	311K	1.35M	-9.23M	-5.47M	251K
Working Capital Changes	92K	5.8M	4.49M	-5.74M	3.85M	-375K	199K	-3.14M	-2.02M	8.82M
Change in Receivables	-1.84M	255K	-1.52M	-11.22M	1.38M	1.95M	-3.21M	-14.53M	619K	5.06M
Change in Inventory	219K	959K	1.29M	-1.01M	-1.38M	0	0	0	0	0
Change in Payables	69K	410K	291K	-346K	-243K	-190K	354K	-18K	1.09M	792K
Cash from Investing+	-2.18M	-4.55M	-6.51M	-10.2M	-4.91M	-18.76M	-7.88M	-15.54M	-16.48M	-6.43M
Capital Expenditures	-2.18M	-4.55M	-6.51M	-8.49M	-4.91M	-4.06M	-7.84M	-10.91M	-5.05M	-6.33M
CapEx % of Revenue	0.18%	0.29%	0.27%	0.24%	0.12%	0.09%	0.13%	0.13%	0.05%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-25K	-78K	-76K	-48K	0	-72K	-59K	-6K	-437K	-105K
Cash from Financing+	8.65M	2.01M	18.75M	2.44M	5.48M	-956K	-2.27M	-1.75M	795K	-8.25M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-288K	8K	-1.68M	2.44M	953K	659K	1.33M	1.33M	-610K	753K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-5.68M	-2.3M	-3.12M	-9.88M	8.78M	7.08M	1.92M	1.26M	5.46M	15.79M
FCF Margin %	-0.48%	-0.15%	-0.13%	-0.28%	0.22%	0.15%	0.03%	0.02%	0.06%	0.15%
FCF Growth %	-	0.6%	-0.36%	-2.17%	1.89%	-0.19%	-0.73%	-0.34%	3.32%	1.89%
FCF per Share	-0.89	-0.36	-0.50	-0.93	0.74	0.60	0.17	0.10	0.44	1.24
FCF Conversion (FCF/Net Income)	0.57x	-0.33x	-0.34x	0.51x	7.62x	9.15x	-2.22x	1.91x	-4.03x	-2.42x
Interest Paid	0	0	0	0	0	0	0	0	151K	394K
Taxes Paid	0	0	0	79K	51K	0	0	0	889K	737K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-82.06%	-18.59%	8.1%	3.98%	-13.01%	13.48%	-4.01%	-12.48%
Return on Invested Capital (ROIC)	-	-	-	-27.8%	23.39%	8.62%	-15.33%	15.6%	-1.4%	-8.19%
Gross Margin	29.57%	38.42%	48.82%	55.31%	59.73%	59.49%	55.92%	57.76%	56.99%	57.32%
Net Margin	-52.51%	-44.24%	-42%	-7.84%	4.41%	2.68%	-7.62%	7.88%	-2.93%	-9%
Debt / Equity	-	-	-	-	0.02x	0.03x	0.07x	0.06x	0.13x	0.08x
Interest Coverage	-8.58x	-3.78x	-3.89x	-31.32x	-	-	-	-	-25.81x	-51.01x
FCF Conversion	0.57x	-0.33x	-0.34x	0.51x	7.62x	9.15x	-2.22x	1.91x	-4.03x	-2.42x
Revenue Growth	-	31.52%	53.24%	46.25%	17.26%	12.23%	27.16%	39.29%	14.46%	10.05%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Subscription, maintenance and support services Member	-	-	-	-	54.7M	75.4M	87.5M	99.1M
Subscription, maintenance and support services Member Growth	-	-	-	-	-	37.84%	16.05%	13.26%
Professional software development services member	-	-	-	-	3.4M	5.6M	5.2M	2.9M
Professional software development services member Growth	-	-	-	-	-	64.71%	-7.14%	-44.23%

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	33.9M	39.7M	45M	57.3M	80.2M	90.8M	99.3M
UNITED STATES Growth	-	-	17.11%	13.35%	27.33%	39.97%	13.22%	9.36%
SOUTH AFRICA	-	900K	1M	700K	900K	800K	1.9M	2.7M
SOUTH AFRICA Growth	-	-	11.11%	-30.00%	28.57%	-11.11%	137.50%	42.11%
URUGUAY	-	-	-	-	-	-	1.9M	2.7M
URUGUAY Growth	-	-	-	-	-	-	-	42.11%
Puerto Rico And U S Virgin Islands	900K	-	-	-	-	-	-	-
Puerto Rico And U S Virgin Islands Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

SoundThinking, Inc. (SSTI) reported $102.7M in revenue for fiscal year 2024. This represents a 771% increase from $11.8M in 2015.

SoundThinking, Inc. (SSTI) grew revenue by 10.0% over the past year. This is steady growth.

SoundThinking, Inc. (SSTI) reported a net loss of $10.7M for fiscal year 2024.

Dividend & Returns

SoundThinking, Inc. (SSTI) has a return on equity (ROE) of -12.5%. Negative ROE indicates the company is unprofitable.

SoundThinking, Inc. (SSTI) had negative free cash flow of $1.1M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

...

SoundThinking, Inc. (SSTI) 10-Year Financial Performance & Capital Metrics

SSTI • • Industrial / General

TechnologyApplication SoftwareSecurity & Identity ManagementBiometric Security

Revenue $102M +10.0%
EBITDA $2M -76.5%
Net Income -$9M -237.7%
EPS (Diluted) -0.72 -227.3%
Gross Margin 57.32% +0.6%
EBITDA Margin 2.17% -78.6%
Operating Margin -7.7% -476.1%
Net Margin -9% -206.9%
ROE -12.48% -211.5%
ROIC -8.19% -483.8%
Debt/Equity 0.08 -34.3%
Interest Coverage -51.01 -97.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓FCF machine: 15.5% free cash flow margin
✓Strong 5Y sales CAGR of 20.1%
✓Trading at only 1.4x book value

✗Weaknesses

✗Weak momentum: RS Rating 18 (bottom 18%)
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y20.15%

3Y20.61%

TTM-1.83%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-635.73%

EPS CAGR

10Y-

5Y-

3Y-

TTM-615.49%

ROCE

10Y Avg-35.27%

5Y Avg-0.79%

3Y Avg1.04%

Latest-9.71%

Peer Comparison

Biometric Security

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MITKMitek Systems, Inc.	461.54M	10.09	146.02	-0.27%	8.71%	6.53%	6.55%	0.70
RDVTRed Violet, Inc.	722.44M	51.28	102.56	24.89%	12.96%	11.01%	3.29%	0.02
YOUClear Secure, Inc.	3.33B	34.13	21.88	25.57%	20.97%	109.45%	8.53%	0.51
IDAIT Stamp Inc.	21.71M	4.14	-0.36	-32.41%	-316.35%	-189.51%		1.30
AWREAware, Inc.	40.82M	1.91	-9.10	-4.69%	-32.18%	-20.59%		0.14
SSTISoundThinking, Inc.	102.1M	8.04	-11.17	10.05%	-10.44%	-14.59%	15.46%	0.08
RSKDRiskified Ltd.	775.98M	4.73	-23.65	10.05%	-11.04%	-11.83%	5.03%	0.07
IDNIntellicheck, Inc.	122.24M	6.05	-127.37	5.77%	0.95%	1.11%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	11.79M	15.51M	23.76M	34.75M	40.75M	45.73M	58.16M	81M	92.72M	102.03M
Revenue Growth %	-	0.32%	0.53%	0.46%	0.17%	0.12%	0.27%	0.39%	0.14%	0.1%
Cost of Goods Sold+	8.3M	9.55M	12.16M	15.53M	16.41M	18.52M	25.64M	34.22M	39.87M	43.54M
COGS % of Revenue	0.7%	0.62%	0.51%	0.45%	0.4%	0.41%	0.44%	0.42%	0.43%	0.43%
Gross Profit+	3.49M	5.96M	11.6M	19.22M	24.34M	27.21M	32.52M	46.78M	52.84M	58.49M
Gross Margin %	0.3%	0.38%	0.49%	0.55%	0.6%	0.59%	0.56%	0.58%	0.57%	0.57%
Gross Profit Growth %	-	0.71%	0.95%	0.66%	0.27%	0.12%	0.2%	0.44%	0.13%	0.11%
Operating Expenses+	9.01M	10.93M	15.93M	21.79M	22.75M	25.92M	36.59M	39.04M	54.08M	66.34M
OpEx % of Revenue	0.76%	0.7%	0.67%	0.63%	0.56%	0.57%	0.63%	0.48%	0.58%	0.65%
Selling, General & Admin	5.65M	6.84M	11.77M	16.8M	17.4M	20.07M	28.22M	38.17M	46.72M	52.03M
SG&A % of Revenue	0.48%	0.44%	0.5%	0.48%	0.43%	0.44%	0.49%	0.47%	0.5%	0.51%
Research & Development	3.36M	4.09M	4.16M	4.99M	5.34M	5.61M	7.04M	10.03M	12.14M	13.93M
R&D % of Revenue	0.28%	0.26%	0.18%	0.14%	0.13%	0.12%	0.12%	0.12%	0.13%	0.14%
Other Operating Expenses	-28K	-47K	0	0	0	234K	1.33M	-9.15M	-4.77M	387K
Operating Income+	-5.52M	-4.97M	-4.33M	-2.57M	1.59M	1.29M	-4.07M	7.75M	-1.24M	-7.86M
Operating Margin %	-0.47%	-0.32%	-0.18%	-0.07%	0.04%	0.03%	-0.07%	0.1%	-0.01%	-0.08%
Operating Income Growth %	-	0.1%	0.13%	0.41%	1.62%	-0.19%	-4.15%	2.9%	-1.16%	-5.34%
EBITDA+	-3.26M	-2.42M	-1.21M	1.35M	6.58M	6.88M	2.76M	16.95M	9.4M	2.21M
EBITDA Margin %	-0.28%	-0.16%	-0.05%	0.04%	0.16%	0.15%	0.05%	0.21%	0.1%	0.02%
EBITDA Growth %	-	0.26%	0.5%	2.11%	3.88%	0.05%	-0.6%	5.14%	-0.45%	-0.76%
D&A (Non-Cash Add-back)	2.26M	2.55M	3.12M	3.92M	4.98M	5.59M	6.83M	9.2M	10.64M	10.07M
EBIT	-5.52M	-4.97M	-4.33M	-2.57M	1.76M	1.53M	-2.74M	-1.41M	-1.47M	-7.47M
Net Interest Income+	-643K	-1.32M	-1.11M	82K	440K	113K	38K	45K	-48K	-154K
Interest Income	0	0	0	0	440K	113K	38K	45K	0	0
Interest Expense	643K	1.32M	1.11M	82K	0	0	0	0	48K	154K
Other Income/Expense	-671K	-1.89M	-5.49M	-170K	162K	-158K	-306K	-195K	-275K	-547K
Pretax Income+	-6.19M	-6.86M	-9.82M	-2.74M	1.76M	1.14M	-4.38M	7.55M	-1.51M	-8.4M
Pretax Margin %	-0.53%	-0.44%	-0.41%	-0.08%	0.04%	0.02%	-0.08%	0.09%	-0.02%	-0.08%
Income Tax+	0	0	160K	-13K	-41K	-90K	56K	1.17M	1.2M	778K
Effective Tax Rate %	1%	1%	1.02%	1%	1.02%	1.08%	1.01%	0.85%	1.8%	1.09%
Net Income+	-6.19M	-6.86M	-9.98M	-2.73M	1.8M	1.23M	-4.43M	6.38M	-2.72M	-9.18M
Net Margin %	-0.53%	-0.44%	-0.42%	-0.08%	0.04%	0.03%	-0.08%	0.08%	-0.03%	-0.09%
Net Income Growth %	-	-0.11%	-0.45%	0.73%	1.66%	-0.32%	-4.62%	2.44%	-1.43%	-2.38%
Net Income (Continuing)	-6.19M	-6.86M	-9.98M	-2.73M	1.8M	1.23M	-4.43M	6.38M	-2.72M	-9.18M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.97	-1.08	-1.61	-0.26	0.15	0.10	-0.38	0.52	-0.22	-0.72
EPS Growth %	-	-0.11%	-0.49%	0.84%	1.58%	-0.33%	-4.8%	2.37%	-1.42%	-2.27%
EPS (Basic)	-0.97	-1.08	-1.61	-0.26	0.16	0.11	-0.38	0.52	-0.22	-0.72
Diluted Shares Outstanding	6.37M	6.37M	6.2M	10.57M	11.85M	11.73M	11.65M	12.32M	12.43M	12.71M
Basic Shares Outstanding	6.37M	6.37M	6.2M	10.48M	11.3M	11.41M	11.65M	12.17M	12.35M	12.71M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	7.26M	6.87M	24.36M	27.07M	40.2M	31.14M	34.27M	44.66M	39.01M	43.53M
Cash & Short-Term Investments	4.12M	3.87M	19.57M	10.22M	24.55M	16.04M	15.64M	10.48M	5.7M	13.18M
Cash Only	4.12M	3.87M	19.57M	10.22M	24.55M	16.04M	15.64M	10.48M	5.7M	13.18M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.67M	2.41M	3.93M	15.27M	13.88M	12.92M	16.13M	30.96M	30.7M	25.46M
Days Sales Outstanding	82.53	56.73	60.33	160.34	124.34	103.12	101.26	139.49	120.86	91.09
Inventory	423K	512K	785K	1.52M	0	0	0	0	0	0
Days Inventory Outstanding	18.59	19.57	23.56	35.74	-	-	-	-	-	-
Other Current Assets	338K	401K	521K	1.14M	876K	1.48M	939K	1.25M	455K	1.48M
Total Non-Current Assets+	7.29M	9.24M	11.83M	20.05M	20.37M	35.18M	38.03M	78.09M	101.93M	93.27M
Property, Plant & Equipment	7.01M	8.96M	11.6M	16.5M	17.11M	16.23M	19.73M	25.23M	23.34M	22.01M
Fixed Asset Turnover	1.68x	1.73x	2.05x	2.11x	2.38x	2.82x	2.95x	3.21x	3.97x	4.64x
Goodwill	0	0	0	1.38M	1.38M	2.81M	2.82M	22.97M	34.21M	34.21M
Intangible Assets	52K	66K	95K	242K	249K	14.54M	13.56M	27.32M	36.94M	33.18M
Long-Term Investments	0	0	0	0	0	0	0	0	581K	0
Other Non-Current Assets	226K	220K	143K	1.92M	1.63M	1.6M	1.92M	2.57M	4.62M	3.86M
Total Assets+	14.56M	16.12M	36.2M	47.12M	60.57M	66.32M	72.3M	122.75M	140.94M	136.79M
Asset Turnover	0.81x	0.96x	0.66x	0.74x	0.67x	0.69x	0.80x	0.66x	0.66x	0.75x
Asset Growth %	-	0.11%	1.25%	0.3%	0.29%	0.09%	0.09%	0.7%	0.15%	-0.03%
Total Current Liabilities+	9.68M	15.22M	21.22M	28.84M	32.42M	30.98M	34.5M	53.51M	59.82M	56.06M
Accounts Payable	926K	1.34M	1.63M	1.31M	1.18M	1.19M	1.59M	1.63M	3.03M	3.44M
Days Payables Outstanding	40.7	51.07	48.82	30.71	26.23	23.49	22.6	17.42	27.75	28.85
Short-Term Debt	0	667K	0	0	0	0	0	0	7.96M	4M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K	1000K
Other Current Liabilities	7.66M	250K	1.33M	1.82M	3.31M	24.89M	5.16M	8.01M	929K	9.03M
Current Ratio	0.75x	0.45x	1.15x	0.94x	1.24x	1.01x	0.99x	0.83x	0.65x	0.78x
Quick Ratio	0.71x	0.42x	1.11x	0.89x	1.24x	1.01x	0.99x	0.83x	0.65x	0.78x
Cash Conversion Cycle	60.42	25.23	35.07	165.37	-	-	-	-	-	-
Total Non-Current Liabilities+	55.33M	58.1M	2.81M	1.14M	896K	1.04M	3.99M	8.3M	6.37M	8.34M
Long-Term Debt	9.56M	11.01M	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	296K	461K	2.01M	2.55M	1.54M	1.14M
Deferred Tax Liabilities	0	0	0	0	0	0	0	685K	3.46M	1.36M
Other Non-Current Liabilities	43.44M	43.97M	104K	76K	2K	575K	1.5M	3.25M	554K	0
Total Liabilities	65.01M	73.32M	24.04M	29.97M	33.32M	32.01M	38.49M	61.8M	66.18M	64.39M
Total Debt+	9.56M	11.68M	0	0	598K	945K	2.42M	3.42M	9.51M	6.05M
Net Debt	5.44M	7.81M	-19.57M	-10.22M	-23.95M	-15.1M	-13.21M	-7.06M	3.8M	-7.13M
Debt / Equity	-	-	-	-	0.02x	0.03x	0.07x	0.06x	0.13x	0.08x
Debt / EBITDA	-	-	-	-	0.09x	0.14x	0.88x	0.20x	1.01x	2.73x
Net Debt / EBITDA	-	-	-	-7.57x	-3.64x	-2.19x	-4.79x	-0.42x	0.40x	-3.22x
Interest Coverage	-8.58x	-3.78x	-3.89x	-31.32x	-	-	-	-	-25.81x	-51.01x
Total Equity+	-50.45M	-57.21M	12.16M	17.15M	27.25M	34.3M	33.81M	60.95M	74.76M	72.4M
Equity Growth %	-	-0.13%	1.21%	0.41%	0.59%	0.26%	-0.01%	0.8%	0.23%	-0.03%
Book Value per Share	-7.92	-8.98	1.96	1.62	2.30	2.92	2.90	4.95	6.02	5.70
Total Shareholders' Equity	-50.45M	-57.21M	12.16M	17.15M	27.25M	34.3M	33.81M	60.95M	74.76M	72.4M
Common Stock	8K	8K	48K	55K	57K	58K	58K	62K	64K	64K
Retained Earnings	-80.75M	-87.61M	-97.59M	-97.38M	-95.58M	-94.35M	-98.78M	-92.4M	-95.12M	-104.3M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-5.44M	-2K	1K	-149K	-134K	-170K	-238K	-290K	-328K	-388K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-3.5M	2.26M	3.39M	-1.39M	13.69M	11.21M	9.82M	12.18M	10.95M	22.22M
Operating CF Margin %	-0.3%	0.15%	0.14%	-0.04%	0.34%	0.25%	0.17%	0.15%	0.12%	0.22%
Operating CF Growth %	-	1.64%	0.5%	-1.41%	10.88%	-0.18%	-0.12%	0.24%	-0.1%	1.03%
Net Income	-6.19M	-6.86M	-9.98M	-2.73M	1.8M	1.23M	-4.43M	6.38M	-2.72M	-9.18M
Depreciation & Amortization	2.26M	2.55M	3.12M	3.92M	4.98M	5.59M	6.83M	9.2M	10.64M	10.07M
Stock-Based Compensation	137K	83K	628K	2.47M	3.06M	4.46M	5.87M	8.28M	9.98M	12.13M
Deferred Taxes	107K	551K	5M	0	-11.88M	0	0	685K	541K	135K
Other Non-Cash Items	88K	131K	132K	690K	11.88M	311K	1.35M	-9.23M	-5.47M	251K
Working Capital Changes	92K	5.8M	4.49M	-5.74M	3.85M	-375K	199K	-3.14M	-2.02M	8.82M
Change in Receivables	-1.84M	255K	-1.52M	-11.22M	1.38M	1.95M	-3.21M	-14.53M	619K	5.06M
Change in Inventory	219K	959K	1.29M	-1.01M	-1.38M	0	0	0	0	0
Change in Payables	69K	410K	291K	-346K	-243K	-190K	354K	-18K	1.09M	792K
Cash from Investing+	-2.18M	-4.55M	-6.51M	-10.2M	-4.91M	-18.76M	-7.88M	-15.54M	-16.48M	-6.43M
Capital Expenditures	-2.18M	-4.55M	-6.51M	-8.49M	-4.91M	-4.06M	-7.84M	-10.91M	-5.05M	-6.33M
CapEx % of Revenue	0.18%	0.29%	0.27%	0.24%	0.12%	0.09%	0.13%	0.13%	0.05%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-25K	-78K	-76K	-48K	0	-72K	-59K	-6K	-437K	-105K
Cash from Financing+	8.65M	2.01M	18.75M	2.44M	5.48M	-956K	-2.27M	-1.75M	795K	-8.25M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-288K	8K	-1.68M	2.44M	953K	659K	1.33M	1.33M	-610K	753K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-5.68M	-2.3M	-3.12M	-9.88M	8.78M	7.08M	1.92M	1.26M	5.46M	15.79M
FCF Margin %	-0.48%	-0.15%	-0.13%	-0.28%	0.22%	0.15%	0.03%	0.02%	0.06%	0.15%
FCF Growth %	-	0.6%	-0.36%	-2.17%	1.89%	-0.19%	-0.73%	-0.34%	3.32%	1.89%
FCF per Share	-0.89	-0.36	-0.50	-0.93	0.74	0.60	0.17	0.10	0.44	1.24
FCF Conversion (FCF/Net Income)	0.57x	-0.33x	-0.34x	0.51x	7.62x	9.15x	-2.22x	1.91x	-4.03x	-2.42x
Interest Paid	0	0	0	0	0	0	0	0	151K	394K
Taxes Paid	0	0	0	79K	51K	0	0	0	889K	737K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-82.06%	-18.59%	8.1%	3.98%	-13.01%	13.48%	-4.01%	-12.48%
Return on Invested Capital (ROIC)	-	-	-	-27.8%	23.39%	8.62%	-15.33%	15.6%	-1.4%	-8.19%
Gross Margin	29.57%	38.42%	48.82%	55.31%	59.73%	59.49%	55.92%	57.76%	56.99%	57.32%
Net Margin	-52.51%	-44.24%	-42%	-7.84%	4.41%	2.68%	-7.62%	7.88%	-2.93%	-9%
Debt / Equity	-	-	-	-	0.02x	0.03x	0.07x	0.06x	0.13x	0.08x
Interest Coverage	-8.58x	-3.78x	-3.89x	-31.32x	-	-	-	-	-25.81x	-51.01x
FCF Conversion	0.57x	-0.33x	-0.34x	0.51x	7.62x	9.15x	-2.22x	1.91x	-4.03x	-2.42x
Revenue Growth	-	31.52%	53.24%	46.25%	17.26%	12.23%	27.16%	39.29%	14.46%	10.05%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Subscription, maintenance and support services Member	-	-	-	-	54.7M	75.4M	87.5M	99.1M
Subscription, maintenance and support services Member Growth	-	-	-	-	-	37.84%	16.05%	13.26%
Professional software development services member	-	-	-	-	3.4M	5.6M	5.2M	2.9M
Professional software development services member Growth	-	-	-	-	-	64.71%	-7.14%	-44.23%

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	33.9M	39.7M	45M	57.3M	80.2M	90.8M	99.3M
UNITED STATES Growth	-	-	17.11%	13.35%	27.33%	39.97%	13.22%	9.36%
SOUTH AFRICA	-	900K	1M	700K	900K	800K	1.9M	2.7M
SOUTH AFRICA Growth	-	-	11.11%	-30.00%	28.57%	-11.11%	137.50%	42.11%
URUGUAY	-	-	-	-	-	-	1.9M	2.7M
URUGUAY Growth	-	-	-	-	-	-	-	42.11%
Puerto Rico And U S Virgin Islands	900K	-	-	-	-	-	-	-
Puerto Rico And U S Virgin Islands Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

SoundThinking, Inc. (SSTI) reported $102.7M in revenue for fiscal year 2024. This represents a 771% increase from $11.8M in 2015.

SoundThinking, Inc. (SSTI) grew revenue by 10.0% over the past year. This is steady growth.

SoundThinking, Inc. (SSTI) reported a net loss of $10.7M for fiscal year 2024.

Dividend & Returns

SoundThinking, Inc. (SSTI) has a return on equity (ROE) of -12.5%. Negative ROE indicates the company is unprofitable.

SoundThinking, Inc. (SSTI) had negative free cash flow of $1.1M in fiscal year 2024, likely due to heavy capital investments.