Shotspotter (SSTI) Tops Q2 EPS by 7c; Tightens Outlook

Shotspotter (NASDAQ: SSTI) reported Q2 EPS of ($0.03), $0.07 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $8.9 million versus the consensus estimate of $8.01 million.

“Second quarter of 2018 was another strong period for ShotSpotter, marking our sixth consecutive quarter of revenue growth over 35% for the company,” said Ralph Clark, CEO of ShotSpotter. “Our record topline, which was up 53% year-over-year, was driven by continued expansion with new and existing customers, who are leveraging our data-driven policing technology to more effectively deter and prevent gun violence. During the second quarter we went live with initial deployments in two new cities and one new campus, expanded coverage in four existing cities, and turned on 61 net new ‘go-live’ miles, ending the quarter with 583 miles live. We are grateful to partner with agencies and help them better provide equal protection to all communities and thus reduce gun violence.”

GUIDANCE:

Shotspotter sees FY2018 revenue of $33.5-34 million, versus the consensus of $33.24 million.

For earnings history and earnings-related data on Shotspotter (SSTI) click here.

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