Soundthinking Inc Stock Intrinsic Value – SOUNDTHINKING INC Reports Robust Earnings Results for Q2 FY 2023
August 27, 2023
☀️Earnings Overview
Soundthinking Inc ($NASDAQ:SSTI). announced its earnings for the second quarter of 2023, which ended on June 30th. The company reported total revenue of USD 22.1 million, representing a 10.3% increase over the same period in the previous year. Net income for the period was USD -2.7 million, a decrease from the 3.0 million recorded in the same quarter the year prior.
Share Price
On Tuesday, SOUNDTHINKING INC reported impressive financial results for the second quarter of the fiscal year 2023. This solid performance was driven by a strong performance in the company’s core products and services. The company attributed this robust performance to the successful launch of several new products and services, as well as increased focus on cost-cutting measures.
These strong earnings results demonstrate that SOUNDTHINKING INC is well positioned to continue its growth trajectory and maintain its position as a leader in the industry. With the introduction of new technologies and innovative products, the company is expected to remain competitive in the market for years to come. 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 Stock Intrinsic Value
GoodWhale recently conducted an analysis of SOUNDTHINKING INC‘s wellbeing. Using our proprietary Valuation Line, we determined that the fair value of SOUNDTHINKING INC’s stock is around $42.9. However, the current trading price of SOUNDTHINKING INC stock is $22.3, indicating that it is undervalued by 48.0%. This provides an opportunity for investors to purchase shares at a discounted rate while still earning a significant return on their investments. More…
Peers
The company was founded in 1996 and is headquartered in Newark, California. The company’s competitors include Mantech International Corp, SecureWorks Corp, and Mimecast Ltd.
– Mantech International Corp ($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, publicly traded on the stock market, reported total revenue of USD 22.1 million for the second quarter of their 2023 fiscal year. This is a 10.3% increase compared to the same period the previous year.
However, net income was USD -2.7 million, a decrease from last year’s figure of 3.0 million. Investors should be aware of this decline in profitability when analyzing the company’s performance over time. It is important to look at factors such as revenue growth, operating margin, and cash flow when evaluating the long-term investment potential of SOUNDTHINKING INC.
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