ShotSpotter Reports First Quarter 2019 Financial Results
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Shotspotter (SSTI) Misses Q1 EPS by 1c, Revenues Miss; Lowers FY19 Revenue Outlook Below Consensus
May 9, 2019 5:06 PM EDTShotspotter (NASDAQ: SSTI) reported Q1 EPS of ($0.03), $0.01 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $9.6 million versus the consensus estimate of $9.77 million.
Revenues increased 39% to $9.6 million, up from $6.9 million for the first quarter of 2018.Gross profit margin increased 6% to 58% from 52% for the first quarter of 2018.Net loss totaled $362,000, an improvement from a net loss of $1.2 million for the same period in 2018.Adjusted EBITDA1 totaled $1.6 million, an improvement from $26,000 for the same period in 2018.Added 12 net new go-live square miles of coverage during... More