SOUNDTHINKING INC
For the period ended Sep 30, 2024. Filed Nov 13, 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.
Sep 30, 2024 · Filed Nov 13, 2024
SSTI$8.27-0.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(5,101) | $(6,361) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation of property and equipment | 4,670 | 5,101 |
| Amortization of intangible assets | 2,892 | 2,953 |
| Impairment of property and equipment | 412 | 72 |
| Stock-based compensation | 9,127 | 7,272 |
| Change in fair value of contingent consideration | (554) | (923) |
| Loss on disposal of property and equipment | 5 | — |
| Deferred taxes | 132 | 252 |
| Allowance for credit losses | 126 | 276 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable and contract assets | 4,717 | 7,122 |
| Prepaid expenses and other assets | (1,380) | (407) |
| Accounts payable | (424) | 1,689 |
| Accrued expenses and other liabilities | 1,007 | (479) |
| Deferred revenue | 7,450 | (5,932) |
| Net cash provided by operating activities | 23,079 | 10,635 |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (4,962) | (4,350) |
| Investment in intangible and other assets | (105) | (440) |
| Business acquisition, net of cash acquired | — | (10,995) |
| Net cash used in investing activities | (5,067) | (15,785) |
| Cash flows from financing activities: | ||
| Payment of contingent consideration liability | — | (1,500) |
| Proceeds from exercise of stock options | 59 | 147 |
| Repurchases of common stock | (5,999) | (5,595) |
| Payments on line of credit | (3,000) | — |
| Proceeds from line of credit | — | 7,000 |
| Proceeds from employee stock purchase plan | 444 | 483 |
| Net cash (used in) provided by financing activities | (8,496) | 535 |
| Change in cash and cash equivalents | 9,516 | (4,615) |
| Effect of exchange rate on cash and cash equivalents | 38 | (64) |
| Cash and cash equivalents at beginning of year | 5,703 | 10,479 |
| Cash and cash equivalents at end of period | $15,257 | $5,800 |
| Supplemental disclosure of non-cash financing activities: | ||
| Property and equipment purchases included in accounts payable | $549 | $224 |
| Fair value of contingent consideration for acquisitions | $— | $2,994 |
| Fair value of common stock issued as consideration for acquisitions | $— | $11,291 |
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