SoundThinking, Inc. (SSTI) Stock

SoundThinking, Inc. (SSTI) is a Technology stock trading at $6.18 (as of 2026-08-20), with a market capitalization of $80.06M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

SoundThinking provides public-safety technology for law enforcement and security organizations, supporting civic leadership with an end-to-end SafetySmart platform. It includes systems such as outdoor gunshot detection and alerting, a cross-jurisdiction search tool for criminal justice records, case management and collaboration software, and related public-safety deployment and vehicle or weapons detection solutions.

Understand SoundThinking, Inc.: how it makes money

SoundThinking provides public safety technology, including its SafetySmart platform (ShotSpotter gunshot detection, CrimeTracer search for criminal justice records, and CaseBuilder case management) and strategic advisory services, sold to law enforcement and other public safety customers through subscription-like annual recurring revenue.

Profit potential is driven by scaling recurring platform revenue tied to real world deployments, with operational momentum shown through exiting annual recurring revenue and ongoing city and go live projects for ShotSpotter and related capabilities.

Revenue by segment (latest quarter)
Catch-Up$0.0B

Business quality (Weak): The company shows good operating visibility via recurring revenue metrics and deployment KPIs, but the latest reported quarter snapshot shows 0.0B revenue while operating margin is negative, so financial momentum is hard to judge from this single period.

Bull case

  • Recurring revenue base is growing, with Exiting Annual Recurring Revenue of 0.11 USD_B: The operating KPIs also point to ongoing expansion and conversion, with Visible Annual Recurring Revenue of 0.07 USD_B.
  • Customer outcomes look strong, with Net Promoter Score at 70.0 and Satisfaction in Critical Partnership Areas at 90.0: This is supported by ecosystem activity metrics such as SafePoint Lanes Deployed at 85.0.
  • Deployment pipeline activity is active, with ShotSpotter Go Live Projects Underway at 16.0 and Contracted Projects Under Deployment Going Into at 21.0: Execution progress is also reflected in Contracted Miles Already Live at 17.0 and Contracted Miles In Process of Being Deployed at 80.0.

Bear case

  • Latest quarter revenue is reported as 0.0B, and operating margin is -28.4%: This suggests profitability is currently pressured, and quarter to quarter results may be hard to interpret without more financial detail.
  • The model relies on continued city and customer deployments to convert backlog into recurring revenue: Key execution metrics like New City Logo Deployments Year To Date (20.0) and ShotSpotter Go Live Projects Underway (16.0) indicate the scale of work required, which can be disrupted by delays.
  • Catch-Up Revenue is 0.0 USD_B in the provided snapshot: If growth depends on deployment timing rather than catch-up revenue, revenue recognition could remain lumpy across periods.
Valuation — source: SEC EDGAR (first-party)
Price$6.18
Market Cap$80.06M
Price / Book1.22
Price / Sales0.82
FCF Yield-14.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$104.13M
Net Margin-9.0%
Revenue Growth (YoY)2.1%
EPS Growth (YoY)2.8%
FCF Growth (YoY)-69.5%
Financial Health — source: SEC EDGAR
Altman Z-Score0.06 (distress)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVeradace Capital Management LLC ($13.84M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEORalph A. Clark
Employees316
CountryUS
IPO Date2017-06-07

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SSTI earnings history · SSTI institutional & insider holders · SSTI KPIs & operating metrics · SSTI financials · SSTI investor presentations & press releases · SSTI SEC filings · SSTI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.