SoundThinking, Inc. (NASDAQ:SSTI) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET

Company Participants

Ralph Clark - President, CEO & Director
Alan Stewart - CFO

Conference Call Participants

Richard Baldry - ROTH Capital
Alex Latimore - Northland Capital Markets
Max Michaelis - Lake Street Capital Markets
Louie DiPalma - William Blair
CJ DiPollino - Craig-Hallum Capital Group

Operator

Good afternoon, and welcome to SoundThinking's Second Quarter 2024 Conference Call. My name is Shamali and I will be your operator for today's call. Joining us are SoundThinking's CEO, Ralph Clark; and CFO, Alan Stewart.

Please note that certain information discussed on the call today will include forward-looking statements about future events and SoundThinking’s business strategy, and future financial and operating performance. These forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict and may cause the actual results to differ materially from those stated or implied by those statements. Certain of these risks and assumptions are discussed in SoundThinking's SEC filing, including this registration statement on Form S-1. These forward-looking statements reflect management's beliefs, estimates, and predictions as of the date of this live broadcast, August 6, 2024. And SoundThinking undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this call.

Finally, I would like to remind everyone that this call will be recorded and made available for replay via a link available in the Investor Relations section of the company's website at ir.soundthinking.com.

Now, I would like to turn the call over to SoundThinking’s CEO, Ralph Clark. Sir, please proceed.

Ralph Clark

Good afternoon, and thank you for joining our second quarter 2024 earnings call. I'm pleased to report another strong quarter marked by several positive operational and financial achievements. Before I turn the call over to Alan for a detailed financial review, I'll provide my thoughts on our operating performance and offer additional context on the key market drivers that underpin our optimistic outlook for the growth opportunity ahead.

The need for public safety solutions has never been more critical, especially within the increasingly challenged law enforcement ecosystem. Public safety officials are expected to address high crime levels with diminishing personnel resources, creating a structural public safety gap that only technology can fill. We believe SoundThinking is uniquely positioned to bridge that gap with our integrated SafetySmart platform.

We are a trusted partner to law enforcement agencies of all sizes, both domestically and internationally, as they embark on digital transformation strategies rooted in data-driven policing. We think public sentiment has significantly shifted from the de-policing movement to the investing in policing movement and holding policing accountable to protect and serve efficiently, effectively, and equitably. In fact, in a [Gallup] (ph) poll conducted just this year, Americans' confidence in police increased 8 percentage points over the past year to 51%, the largest year-over-year change in public perceptions of the 17 major US institutions measured by Gallup's annual update.