Shotspotter (SSTI) Tops Q4 Revenue Estimates; Boosts FY18 Revenue Guidance Above Consensus

Note:EPS may not be comparable

Shotspotter (NASDAQ: SSTI) reported Q4 EPS of ($0.26), versus ($0.08) reported last year. Revenue for the quarter came in at $6.5 million versus the consensus estimate of $5.96 million.

Fourth Quarter 2017 Operational Highlights

• Quarterly revenue increased to $6.5 million, a 43% increase from Q4 2016.
• Added 23 net new “go-live” square miles of coverage during the quarter.
• Achieved annual revenue retention rate of 141%.
• Reported sales and marketing spend for annualized contract revenue of $0.34 per $1.00.
• Announced a Smart Communities agreement with Verizon to add gunshot detection to its Light Sensory Network.
• Increased revenue guidance for full year 2018 to a range of $31 million to $33 million.

2018 Outlook

The company expects revenue for the full year 2018 to be approximately $31 to $33 million, revised upward from the previous revenue guidance range of approximately $30 to $32 million. The company remains on track to achieve GAAP profitability by the end of 2018.

The company’s outlook statements are based on current expectations. The prior statements are forward-looking, and actual results could differ materially depending on market conditions and the factors set forth under “Safe Harbor Statement” below.

GUIDANCE:

Shotspotter sees FY2018 revenue of $31-33 million, versus the consensus of $31.26 million.

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

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