SOUNDTHINKING INC

For the period ended Dec 31, 2023. Filed Apr 1, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Apr 1, 2024

SSTI$8.27-0.6%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations

(In thousands, except share and per share data)

	Year Ended December 31,
	2023	2022	2021
Revenues	$92,717	$81,003	$58,155
Costs
Cost of revenues	39,874	34,218	25,611
Impairment of property and equipment	114	—	25
Total costs	39,988	34,218	25,636
Gross profit	52,729	46,785	32,519
Operating expenses
Sales and marketing	26,959	22,416	15,479
Research and development	12,138	10,026	7,035
General and administrative	20,557	15,750	12,744
Change in fair value of contingent consideration	(5,686)	(9,154)	1,330
Total operating expenses	53,968	39,038	36,588
Operating income (loss)	(1,239)	7,747	(4,069)
Other income (expense), net
Interest income (expense), net	(48)	45	38
Other expense, net	(227)	(240)	(344)
Total other expense, net	(275)	(195)	(306)
Income (loss) before income taxes	(1,514)	7,552	(4,375)
Provision for income taxes	1,204	1,167	56
Net income (loss)	$(2,718)	$6,385	$(4,431)
Net income (loss) per share, basic	$(0.22)	$0.52	$(0.38)
Net income (loss) per share, diluted	$(0.22)	$0.52	$(0.38)
Weighted-average shares used in computing net income (loss) per share, basic	12,425,132	12,171,609	11,647,558
Weighted-average shares used in computing net income (loss) per share, diluted	12,425,132	12,317,707	11,647,558

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ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.