SOUNDTHINKING INC Reports 10.3% Increase in Q2 2023 Revenue of USD 22.1 Million
August 25, 2023
☀️Earnings Overview
For the quarter ending June 30 2023, SOUNDTHINKING INC ($NASDAQ:SSTI) reported total revenue of USD 22.1 million, a 10.3% increase from the same period in the prior year. However, net income for the quarter was USD -2.7 million, down from the USD 3.0 million reported in Q2 FY2022.
Analysis
GoodWhale has conducted an analysis of SOUNDTHINKING INC and classified it as a ‘gorilla’ company under the Star Chart system. This means that SOUNDTHINKING Inc has shown stable and high revenue or earning growth due to its strong competitive advantage. Investors that are interested in this type of company are those who are looking for long-term growth in their investments. When it comes to the financial metrics of SOUNDTHINKING INC, it has strong growth, profitability, and medium asset, but weak dividend. Furthermore, its health score is 8/10, which is quite high. This indicates that it is capable of sustaining its operations in times of crisis due to its strong cashflows and debt. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Soundthinking Inc. More…
| Total Revenues | Net Income | Net Margin |
| 82.47 | -1.5 | -6.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Soundthinking Inc. More…
| Operations | Investing | Financing |
| 9.7 | -15.54 | -1.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Soundthinking Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 110.68 | 52.62 | 4.74 |
Key Ratios Snapshot
Some of the financial key ratios for Soundthinking Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 24.6% | – | -8.2% |
| FCF Margin | ROE | ROA |
| -1.1% | -7.2% | -3.8% |
Peers
The company was founded in 1996 and is headquartered in Newark, California. The company’s competitors include Mantech International Corp, SecureWorks Corp, and Mimecast Ltd.
– Mantech International Corp ($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 experienced a 10.3% increase in total revenue for the second quarter of the fiscal year 2023, compared to the same period the prior year.
However, the net income for the quarter was negative, at -2.7 million USD. Investors should look further into the company’s financials to fully assess the potential associated with investing in SOUNDTHINKING INC. They should review the balance sheet, liquidity ratios, and profitability metrics to better understand the company’s operations. Furthermore, they should consider the competitive landscape and the risks and rewards associated with investing in SOUNDTHINKING INC.
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