SoundThinking, Inc. (NASDAQ:SSTI) Q3 2024 Earnings Conference Call November 12, 2024 4:30 PM ET
Company Participants
Ralph Clark - CEO
Alan Stewart - CFO
Conference Call Participants
Richard Baldry - ROTH Capital
Eric Martinuzzi - Lake Street
Trevor Walsh - Citizens JMP
Operator
Good afternoon, and welcome to SoundThinking's Third Quarter 2024 Conference Call. My name is Shamali, and I will be your operator for today's call. Joining us are SoundThinking CEO, Ralph Clark; and CFO, Alan Stewart.
Please note that certain information discussed on the call today will include forward-looking statements for our 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 actual results to differ materially from those stated or implied by those statements.
Certain of these risks and assumptions are discussed in the SoundThinking's SEC filings, 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, November 12, 2024, and SoundThinking undertakes no obligation to revise or update any forward-looking statements to reflect the 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.
With that, I'll now turn the call over to Ralph.
Ralph Clark
Good afternoon, everyone, and thank you for joining us today for SoundThinking's Q3 2024 earnings call.
We appreciate you taking the time to join us today as we discuss our third quarter financial results, provide an update on our strategic and operational progress, and share our outlook for the remainder of the year.
We're pleased to report a strong third quarter with revenues of $26.3 million, up 10% from the same period last year. For the year-to-date period, we reported $78.6 million representing an increase of 18% from the same period last year. The need for public safety technology solutions continues to be a compelling growth opportunity and we believe the SafetySmart platform is uniquely positioned.
As the landscape of public safety technology continues to evolve, we are not just keeping pace but we are leading the charge. Following our recent strategic partnerships with Rekor Systems and the rollout of our co-branded PlateRanger ALPR solution, the SafetySmart platform now offers six data-driven tools that leverage AI and machine learning technologies to enhance law enforcement operations.