SoundThinking, Inc. reported its financial results for the fourth quarter and full fiscal year ended December 31, 2024, on February 25, 2025. For the full year 2024, the company achieved record revenues of $102.0 million, marking a 10% increase from $92.7 million in 2023. This growth was primarily driven by new and expanding customer subscriptions.
Fourth quarter 2024 revenues were $23.4 million, a decrease from $26.0 million in the same period of 2023, affected by a $3.5 million delay in two contract renewals. The company reported a net loss of $4.1 million for Q4 2024 and a full-year net loss of $9.2 million. Adjusted EBITDA for Q4 2024 was $1.7 million, contributing to a full-year Adjusted EBITDA of $14.4 million.
SoundThinking raised its full-year 2025 revenue guidance range to $111.0 million to $113.0 million, representing 10% year-over-year growth at the midpoint. The company also increased its Adjusted EBITDA margin guidance range to 21% to 23% for 2025. Management expects Annual Recurring Revenue (ARR) to grow from $95.6 million at the start of 2025 to approximately $110.0 million by early 2026.
CEO Ralph Clark highlighted the company's innovation and consistent execution, noting that ShotSpotter went live in 20 new cities and 5 universities in 2024. He expressed enthusiasm for SoundThinking's market positioning and growth potential in both domestic and international markets across its SafetySmart Platform. The company's sales pipeline is encouraging, starting the year with strong momentum.
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