SOUNDTHINKING INC
For the period ended Mar 31, 2024. Filed May 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 15, 2024
SSTI$8.32-0.2%Stored close · as of Nov 9, 2026
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Condensed Consolidated Balance Sheets
(In thousands, except share and per share data)
| March 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| (unaudited) | ||
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $8,524 | $5,703 |
| Accounts receivable and contract assets, net | 35,201 | 30,700 |
| Prepaid expenses and other current assets | 3,507 | 3,902 |
| Total current assets | 47,232 | 40,305 |
| Property and equipment, net | 21,429 | 21,028 |
| Operating lease right-of-use assets | 2,078 | 2,315 |
| Goodwill | 34,213 | 34,213 |
| Intangible assets, net | 35,995 | 36,938 |
| Other assets | 4,025 | 3,909 |
| Total assets | $144,972 | $138,708 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities | ||
| Accounts payable | $2,260 | $3,031 |
| Accrued expenses and other current liabilities | 7,101 | 8,521 |
| Line of credit | 7,000 | 7,000 |
| Deferred revenue, short-term | 44,817 | 41,265 |
| Total current liabilities | 61,178 | 59,817 |
| Deferred revenue, long-term | 5,935 | 812 |
| Deferred tax liability | 1,267 | 1,226 |
| Other liabilities | 1,833 | 2,096 |
| Total liabilities | 70,213 | 63,951 |
| Commitments and contingencies (Note 13) | ||
| Stockholders' equity | ||
| Common stock: $0.005 par value; 500,000,000 shares authorized; 12,793,168 and 12,761,448 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively | 64 | 64 |
| Additional paid-in capital | 173,066 | 170,139 |
| Accumulated deficit | (98,027) | (95,118) |
| Accumulated other comprehensive loss | (344) | (328) |
| Total stockholders' equity | 74,759 | 74,757 |
| Total liabilities and stockholders' equity | $144,972 | $138,708 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.