ShotSpotter Reports Second Quarter 2022 Financial Results
FREMONT, Calif., Aug. 09, 2022 (GLOBE NEWSWIRE) -- ShotSpotter, Inc. (NASDAQ: SSTI), a leader in precision-policing technology solutions that enable law enforcement to more effectively respond to, investigate and deter crime, today reported financial results for the second quarter ended June 30, 2022.
- Revenues for the second quarter of 2022 increased 37% to $20.0 million from $14.6 million for the same quarter of 2021.
- Gross profit for the second quarter of 2022 increased 40% to $11.6 million (58% of revenues), compared to $8.3 million (57% of revenues) for the same period in 2021.
- Total operating expenses for the second quarter of 2022 were $8.4 million, compared to $8.5 million for the same period in 2021.
- Adjusted EBITDA for the second quarter of 2022 totaled $4.1 million, compared to $2.9 million for the same period in 2021.