SoundThinking, Inc. reported its financial results for the third quarter ended September 30, 2024, on November 12, 2024. The company announced revenues of $26.3 million, representing a 10% increase year-over-year. This growth was primarily driven by new and existing customer expansions.
For the full year 2024, SoundThinking reaffirmed its revenue guidance range of $104.0 million to $106.0 million, which represents a 13% year-over-year growth at the midpoint. The company also reaffirmed its Adjusted EBITDA margin guidance range of 18% to 20% for the same period. These figures indicate consistent performance for the current fiscal year.
However, SoundThinking introduced its financial outlook for fiscal year 2025, projecting revenues between $107.0 million and $109.0 million. This guidance represents a 3% year-over-year growth at the midpoint, a notable deceleration compared to the 2024 projections. The Adjusted EBITDA margin guidance for 2025 was set at 19% to 21%.
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