Soundthinking Inc Intrinsic Stock Value – SOUNDTHINKING INC Reports Earnings for FY2023 Q2 on August 8
August 29, 2023
🌥️Earnings Overview
SOUNDTHINKING ($NASDAQ:SSTI): On August 8 2023, SoundThinking Inc. reported their earnings for the second quarter of the fiscal year 2023. Compared to the same quarter in the prior year, the company’s total revenue grew by 10.3%, reaching USD 22.1 million. However, the net income decreased to -2.7 million, down from 3.0 million in the same quarter of the previous year.
Market Price
On Tuesday, August 8, SOUNDTHINKING INC released its earnings report for the second quarter of fiscal year 2023. The company’s stock opened on the day at $22.0 and closed at $22.3. This slight increase reflects a positive outlook on the performance of SOUNDTHINKING INC during this period. The company’s report showed an increase in revenues from the previous quarter, with higher profits as well. The report also showed that they have been able to increase their market share and have grown over the past year. This growth is expected to continue as the company further expands its operations to new markets. SOUNDTHINKING INC has made great strides in recent years by focusing on technology-driven products and services that appeal to a wide range of customers.
The company is constantly innovating and looking for new ways to improve its products and services. The company has also made significant investments in research and development to ensure that they remain competitive in the market. Overall, SOUNDTHINKING INC’s second quarter report was very encouraging. The company’s stock prices reflect investors’ confidence in the company’s performance and long-term prospects. The company is expected to continue to grow in the coming quarters and should be able to maintain its competitive edge in the market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Soundthinking Inc. More…
| Total Revenues | Net Income | Net Margin |
| 82.47 | -1.5 | -6.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Soundthinking Inc. More…
| Operations | Investing | Financing |
| 9.7 | -15.54 | -1.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Soundthinking Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 110.68 | 52.62 | 4.74 |
Key Ratios Snapshot
Some of the financial key ratios for Soundthinking Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 24.6% | – | -8.2% |
| FCF Margin | ROE | ROA |
| -1.1% | -7.2% | -3.8% |
Analysis – Soundthinking Inc Intrinsic Stock Value
GoodWhale has conducted an analysis of SOUNDTHINKING INC‘s financials and have determined its intrinsic value to be around $42.9, which was calculated by our proprietary Valuation Line. We have observed that SOUNDTHINKING INC stock is currently traded at $22.3, indicating it is undervalued by 48.0%. This presents an opportunity for investors to purchase the stock at a discounted rate. More…
Peers
The company was founded in 1996 and is headquartered in Newark, California. The company’s competitors include Mantech International Corp, SecureWorks Corp, and Mimecast Ltd.
– Mantech International Corp ($NASDAQ:SCWX)
SecureWorks is a provider of intelligence-driven information security solutions. The company’s solutions enable organizations to fortify their cyber defenses to prevent against advanced threats, reduce security risks, and ensure compliance. SecureWorks’ solutions are delivered through a combination of expert human intelligence, industry-leading security technologies, and an advanced analytics platform.
SecureWorks’ market cap is $687.41 million as of 2022. The company’s return on equity is -9.05%.
SecureWorks provides a variety of information security solutions that help organizations protect themselves against advanced threats, reduce security risks, and ensure compliance. The company’s solutions are delivered through a combination of expert human intelligence, industry-leading security technologies, and an advanced analytics platform.
Summary
SOUNDTHINKING INC, a technology company, released its earning results for the second quarter of FY2023 on August 8. The company reported total revenue of USD 22.1 million, a year-over-year increase of 10.3%. Net income was USD -2.7 million, a decrease from the previous year’s 3.0 million.
For investors, this could be seen as an indication that the company is making progress towards profitability as revenue increases, however they should consider that net income decreased in comparison to the previous year. Further analysis of SOUNDTHINKING’s business strategy, financial performance, and future prospects is necessary to determine if this company is a good investment opportunity.
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