ShotSpotter Reports Record Third Quarter 2018 Financial Results
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Go back to ShotSpotter Reports Record Third Quarter 2018 Financial Results
November 14, 2018 8:48 AM EST
JMP Securities analyst Joseph Osha lowered the price target on ShotSpotter (NASDAQ: SSTI) to $55.00 (from $62.00) while maintaining a Market Outperform rating following the company's 3Q earnings report.
Revenue was above consensus, albeit slightly below our own more aggressive estimates. SSTI is... More
November 13, 2018 4:13 PM EST
Shotspotter (NASDAQ: SSTI) reported Q3 EPS of ($0.13), $0.09 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $9.2 million versus the consensus estimate of $8.9 million.
Revenues increased 35% to a record of $9.2 million, up from $6.8 million in the third quarter of 2017.Gross profit was 55%, up from 50% from the third quarter of 2017.Net loss totaled $1.4 million, an improvement from the net loss of $1.6 million for the same period in...
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