<span item_type="fundamental" item_id="f5a9acdc0d827db44b88b46357ebdb37" counter_id="ST/US/SSTI" env="prod"></span><span item_type="announcement" item_id="648377263631044609" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 24.18 M, missing the estimate of USD 24.27 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD -0.54, missing the estimate of USD -0.2667.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -6.832 M.</p><p></p><h3>First Quarter 2026 Financial and Operational Highlights</h3><h4>Revenue</h4><p>Revenues for the first quarter of 2026 decreased by 15% to $24.2 million, compared to $28.3 million for the same quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span> This decrease was primarily due to approximately $3.5 million in catch-up revenue from two delayed contracts with the New York City Police Department in 2025 and $0.5 million from a non-renewed ShotSpotter contract with Puerto Rico in the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span></p><h4>Gross Profit</h4><p>Gross profit decreased by 32% to $11.3 million (47% of revenues) for the first quarter of 2026, down from $16.6 million (59% of revenues) for the same quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span> This reflects lower revenue volume and continued cost pressures.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span></p><h4>Operating Expenses</h4><p>Total operating expenses for the first quarter of 2026 were $18.1 million, remaining consistent with $17.8 million for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span> This was due to higher employee-related compensation and restructuring charges, partially offset by reduced sales and marketing expenses.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span> Sales and marketing expenses were $6.5 million in Q1 2026, compared to $7.259 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span> Research and development expenses were $4.405 million in Q1 2026, compared to $4.065 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span> General and administrative expenses were $6.676 million in Q1 2026, compared to $6.474 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span> Restructuring expense was $0.535 million in Q1 2026, compared to - $0 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span></p><h4>Operating Loss</h4><p>Operating loss was - $6.856 million for the first quarter of 2026, compared to - $1.204 million for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span></p><h4>GAAP Net Loss</h4><p>GAAP net loss totaled - $7.0 million for the first quarter of 2026, compared to a GAAP net loss of - $1.5 million for the same quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span></p><h4>Adjusted EBITDA</h4><p>Adjusted EBITDA totaled - $0.1 million (0% of revenues) for the first quarter of 2026, compared to $4.5 million (16% of revenues) for the same quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span></p><h4>Balance Sheet Highlights (as of March 31, 2026)</h4><ul><li>Cash and cash equivalents were $14.2 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span></li><li>Accounts receivable and contract assets, net, were $21.9 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span></li><li>Deferred revenue totaled $40.4 million, comprising $36.948 million short-term and $3.402 million long-term.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span></li><li>Debt from the line of credit was $4.0 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span></li><li>Approximately $36.0 million was available on its credit facility.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span></li></ul><h4>Operational Metrics</h4><p>SoundThinking, Inc. went “live” in one new city and one new customer during the quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span> Drone-as-first-responder integrations are live in 16 cities, and the company launched SafetySmart™ Field Agent, an AI-powered user experience for its SafetySmart™ platform.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span> SafePointe® go-lives in healthcare are accelerating, with monthly recurring revenue more than doubling during the quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span></p><h4>Financial Outlook / Guidance</h4><p>SoundThinking, Inc. reaffirmed its full-year 2026 revenue guidance range of $109.0 million to $111.0 million, representing approximately 6% year-over-year growth at the midpoint.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span> The company also reaffirmed its Adjusted EBITDA margin guidance range of 16% to 18% for the full year 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span> SoundThinking, Inc. expects Annual Recurring Revenue (ARR) to increase from $95.4 million at the beginning of 2026 to approximately $110.0 million at the beginning of 2027.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1351636/000135163626000004/ssti-ex99_1.htm"></span></p>

SoundThinking | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 24.18 M