Revenue Growth
SoundThinking reported Q3 2024 revenues of $26.3 million, up 10% from the same period last year. Year-to-date revenue increased by 18% compared to the same period last year.
CaseBuilder Revenue Surge
CaseBuilder's subscription-based revenue grew approximately 1,000% year-over-year for Q3.
Strategic Partnerships and Product Launches
Partnership with Rekor Systems and the rollout of PlateRanger ALPR solution, targeting a $2.5 billion TAM with a 15% CAGR.
Operational Expansion
ShotSpotter went live in 4 new cities and 1 university, expanded in 8 current cities, and added over 10 new customers for other SafetySmart platform solutions.
Strong Financial Position
SoundThinking ended the quarter with $15.3 million in cash and cash equivalents, up from $9.8 million in Q2 2024.
Positive Market Indicators
Achieved a Net Promoter Score of 66%, considered world-class.