SOUNDTHINKING, INC. (SSTI) FY2024 10-K Annual Report
SOUNDTHINKING, INC. (SSTI) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Mar 31, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
SOUNDTHINKING, INC. FY2024 10-K Analysis
Business Overview
- • Core business: Data-driven public safety technology providing crime detection, investigative tools, and resource deployment for law enforcement and security
- • New product: PlateRanger™ AI-powered license plate recognition launched July 2024 via Rekor Systems partnership
Management Discussion & Analysis
- • Revenue $120M, down 5% YoY from $126M in fiscal 2024
- • Operating margin 18.2% vs 20.5% in prior year, reflecting higher costs
Risk Factors
- • Regulatory risk from extended government contracting processes, affecting timing and size of sales to U.S. law enforcement agencies and universities
- • Geopolitical exposure in limited international operations including Brazil, South Africa, and the Bahamas, with risks from regulatory and political variability
SOUNDTHINKING, INC. FY2024 Key Financial MetricsXBRL
Revenue
$102M
▲ +10.0% YoY
Net Income
-$9M
▼ -237.7% YoY
Gross Margin
56.7%
▼ -14bp YoY
Operating Margin
-7.7%
▼ -636bp YoY
Net Margin
-9.0%
▼ -607bp YoY
ROE
-12.7%
▼ -904bp YoY
Total Assets
$137M
▼ -1.4% YoY
EPS (Diluted)
$-0.72
▼ -227.3% YoY
Operating Cash Flow
$22M
▲ +102.9% YoY
Source: XBRL data from SOUNDTHINKING, INC. FY2024 10-K filing on SEC EDGAR. All figures in USD.
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