SoundThinking, Inc. reported its financial results for the first quarter ended March 31, 2025, on May 13, 2025. The company announced revenues of $28.3 million, representing a 12% increase year-over-year. This growth was primarily due to approximately $3.5 million in catch-up revenue from the renewal of two delayed contracts with the New York City Police Department.
Gross profit for the first quarter of 2025 was $16.6 million, or 59% of revenues, consistent with the prior year. The company reported a net loss of $1.5 million, or $(0.12) per basic and diluted share. Adjusted EBITDA for the quarter totaled $4.5 million, an increase from $3.0 million in the same period last year.
SoundThinking reaffirmed its full-year 2025 revenue guidance range of $111.0 million to $113.0 million, representing 10% year-over-year growth at the midpoint. However, the company reduced its Adjusted EBITDA margin guidance range from 21% to 23% to 20% to 22% for the full year 2025. The company also reaffirmed its expectation for Annual Recurring Revenue (ARR) to increase from $95.6 million at the beginning of 2025 to approximately $110.0 million at the start of 2026.
During the quarter, SoundThinking repurchased 33,493 shares of its common stock for approximately $0.5 million under its existing $25 million share repurchase program. CEO Ralph Clark noted strong performance to start 2025, with solid execution across the company and robust momentum in CrimeTracer and ResourceRouter, alongside early success with SafePointe in the commercial security market.
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