Midpoint

SoundThinking, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, February 27, 2024
Acquisition, Weapon, Marketing, City, Biophysical environment, Growth, ESG, Adjustment, University, Midpoint, GAAP, Harbor, ShotSpotter, Democratic National Convention, Uncertainty, Depreciation, Video game

FREMONT, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- SoundThinking, Inc. (Nasdaq: SSTI), a leading public safety technology company, today reported financial results for the fourth quarter ended December 31, 2023.

Key Points: 
  • Annual recurring revenue2 starting on January 1, 2024 was $95.4  million, compared to $79.7 million on January 1, 2023.
  • “Our record quarterly revenue in the fourth quarter capped a successful year for SoundThinking,” said President and CEO Ralph Clark.
  • Total operating expenses for the fourth quarter of 2023 were $10.6 million, compared to $11.9 million for the same period in 2022.
  • Adjusted EBITDA for the fourth quarter of 2023 totaled $4.8 million, compared to $4.3 million in the same period last year.

SoundThinking, Inc. Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 7, 2023
ShotSpotter, Adjustment, Midpoint, Growth, ARR, ESG, EBITDA, GAAP, Harbor, Weapon, Biophysical environment, Acquisition, The SafePoint Trust, City, Violence, Depreciation, Uncertainty, Clothing, Pharmaceutical industry, Video game, Bank, Bookkeeping, Reinsurance, Communications satellite

FREMONT, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- SoundThinking, Inc. (Nasdaq: SSTI) a leading public safety technology company, today reported financial results for the third quarter ended September 30, 2023.

Key Points: 
  • GAAP net loss totaled $1.9 million, compared to GAAP net income of $4.0 million for the same quarter of 2022.
  • Adjusted EBITDA1 was $4.3 million (18% of revenues), compared to $3.1 million (16% of revenues) for the same quarter of 2022.
  • Total operating expenses for the third quarter of 2023 were $15.2 million, compared to $6.2 million for the same period in 2022.
  • Adjusted EBITDA for the third quarter of 2023 totaled $4.3 million, compared to $3.1 million in the same period last year.

TMX Group Launches New Canadian Trading Platform

Retrieved on: 
Tuesday, November 7, 2023
TMX, Feedback, Equity, Smart, Environment, TMX Group, Ecosystem, Partnership, Book, Synthetic oil, Midpoint

TORONTO, Nov. 7, 2023 /CNW/ - TMX Group today announced the launch of an innovative new Canadian trading platform consisting of two order books, Alpha-X™ and Alpha DRK™, designed to create an optimized trading environment to enhance execution quality.

Key Points: 
  • TORONTO, Nov. 7, 2023 /CNW/ - TMX Group today announced the launch of an innovative new Canadian trading platform consisting of two order books, Alpha-X™ and Alpha DRK™, designed to create an optimized trading environment to enhance execution quality.
  • These two new equities order books aim to provide high-quality execution for natural order flow, limit adverse selection resulting from natural speed advantages in the trading ecosystem, and improve the overall trading experience for all participants.
  • "TMX is committed to exploring new ways to meet the needs of clients across our diverse trading ecosystem, and to providing adaptive, responsive solutions to their competitive challenges here in Canada, and around the world," said Rizwan Awan, President of Equity Trading & Head of TMX Markets, Products and Services.
  • "Alpha-X and Alpha DRK are designed to enable all participants, including institutional clients, to optimize trading strategies and improve their execution quality in fast-moving, modern markets.

Blockmate Ventures to Divest Midpoint Business

Retrieved on: 
Friday, September 22, 2023
TSX Venture Exchange, Sale, Blockchain, Climate, FSE, Rest, Cryptocurrency, Midpoint

VANCOUVER, British Columbia and LONDON, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc (TSX.V: MATE) (FSE: 8MH1) ("Blockmate" or “the Company") advises that yesterday, September 21, 2023, it entered into a binding agreement to divest its Midpoint foreign exchange business.

Key Points: 
  • VANCOUVER, British Columbia and LONDON, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc (TSX.V: MATE) (FSE: 8MH1) ("Blockmate" or “the Company") advises that yesterday, September 21, 2023, it entered into a binding agreement to divest its Midpoint foreign exchange business.
  • The 100% sale of Midpoint to David Wong for a nominal figure will allow Blockmate to focus all of its resources towards the blockchain, battery and clean energy ventures within its portfolio.
  • By divesting Midpoint, Blockmate is expected to reduce its net cash outflows by approximately $500,000 per annum.
  • We wish David and the rest of the Midpoint team every success.”
    The offer from Mr Wong came after negotiations between Blockmate and Klearium Inc to acquire 85% of Midpoint Group concluded without a binding agreement.

SoundThinking, Inc. Reports Second Quarter 2023 Financial Results

Retrieved on: 
Tuesday, August 8, 2023
Uncertainty, Harbor, GAAP, Midpoint, Public sector, EBITDA, Acquisition, Growth, Guangdong–Hong Kong–Macao Greater Bay Area, Depreciation, City, ShotSpotter, Ecosystem, Adjustment, Pharmaceutical industry, Mobile phone, Video game, Bank, Bookkeeping, Communications satellite, Clothing

FREMONT, Calif., Aug. 08, 2023 (GLOBE NEWSWIRE) -- SoundThinking, Inc. (Nasdaq: SSTI) (formerly ShotSpotter, Inc.), a leading public safety technology company that combines data-driven solutions and strategic advisory services for law enforcement and civic leadership, today reported financial results for the second quarter ended June 30, 2023.

Key Points: 
  • GAAP net loss totaled $2.7 million, compared to GAAP net income of $3.0 million for the same quarter of 2022.
  • Gross profit for the second quarter of 2023 was $12.7 million (57% of revenues), compared to $11.6 million (58% of revenues) for the same period in 2022.
  • Total operating expenses for the second quarter of 2023 were $15.0 million, compared to $8.4 million for the same period in 2022.
  • Adjusted EBITDA for the second quarter of 2023 totaled $2.4 million, compared to $4.1 million in the same period last year.

Blockmate Enters Binding LOI to Sell 85% of Midpoint Group to Klearium

Retrieved on: 
Thursday, June 1, 2023
TSX Venture Exchange, FSE, LOI, Date, Documentation, Growth, News, Completion, Cryptocurrency, Midpoint

In consideration for this initial interest, Klearium will assume all liabilities and obligations associated with the operation of the Midpoint Group.

Key Points: 
  • In consideration for this initial interest, Klearium will assume all liabilities and obligations associated with the operation of the Midpoint Group.
  • Klearium has also agreed to provide a bridge loan of up to £35,000 to support operations of the Midpoint Group prior to closing.
  • Klearium therefore brings the Midpoint Group access to large volumes of flows, management expertise and the balance sheet to support strong growth.
  • Justin Rosenberg, CEO of Blockmate, said “we are thrilled to partner with Klearium and its supporters to grow the Midpoint group.

SoundThinking, Inc. Reports First Quarter 2023 Financial Results

Retrieved on: 
Tuesday, May 9, 2023
Uncertainty, Harbor, GAAP, Midpoint, EBITDA, Reduction, Acquisition, Risk, Growth, Depreciation, City, ShotSpotter, ROI, Adjustment, Mobile phone, Video game, Bank, Bookkeeping, Communications satellite, Internet service provider

FREMONT, Calif., May 09, 2023 (GLOBE NEWSWIRE) -- SoundThinking, Inc. (Nasdaq: SSTI) (formerly ShotSpotter, Inc.), a leading public safety technology company that combines data-driven solutions and strategic advisory services for law enforcement and community assistance groups, today reported financial results for the first quarter ended March 31, 2023.

Key Points: 
  • GAAP net loss totaled $1.8 million, compared to GAAP net income of $387,000 for the same quarter of 2022.
  • Management reaffirmed its expectation for adjusted EBITDA to be approximately 24% to 26% of forecasted revenue in 2023.
  • Total operating expenses for the first quarter of 2023 were $13.1 million, compared to $12.5 million for the same period in 2022.
  • Adjusted EBITDA for the first quarter of 2023 totaled $2.9 million, compared to $4.5 million in the same period last year.

ShotSpotter Reports Fourth Quarter 2022 Financial Results

Retrieved on: 
Wednesday, February 22, 2023
Marketing, ARR, EBITDA, Depreciation, Growth, Harbor, Uncertainty, Security, GAAP, Acquisition, City, ShotSpotter, Midpoint, Pharmaceutical industry, Drug, Video game, Bank, Automotive industry, Bookkeeping, Insurance, Reinsurance, Communications satellite, Internet service provider, Adjustment

FREMONT, Calif., Feb. 22, 2023 (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 fourth quarter ended December 31, 2022.

Key Points: 
  • “The fourth quarter marked the culmination of another successful year for ShotSpotter as we expanded our precision policing platform, customer base and total addressable market,” said President and CEO Ralph Clark.
  • Gross profit for the fourth quarter of 2022 was $11.9 million (57% of revenues), compared to $7.5 million (54% of revenues) for the same period in 2021.
  • Total operating expenses for the fourth quarter of 2022 were $11.9 million, compared to $10.7 million for the same period in 2021.
  • Adjusted EBITDA for the fourth quarter of 2022 totaled $4.3 million, compared to $1.9 million in the same period last year.

Blockmate Ventures Announces Listing on OTCQB in the United States

Retrieved on: 
Wednesday, January 18, 2023
Security (finance), Bangladesh Securities and Exchange Commission, FSE, TSX, MATE, Growth, OTCQB, USD, Cryptocurrency, Midpoint

The OTCQB is recognized by the Securities and Exchange Commission (SEC) and provides investors with a premium market for their securities in the United States.

Key Points: 
  • The OTCQB is recognized by the Securities and Exchange Commission (SEC) and provides investors with a premium market for their securities in the United States.
  • “Midpoint, which is 100% owned by Blockmate, is currently generating USD$250k revenue per annum with zero marketing to date.
  • For investors in the United States seeking early-stage exposure to progressive payments businesses, it will be easier to buy Blockmate shares.
  • Investors can learn more about businesses in the Blockmate portfolio and plans for 2023 in this brief CEO update: https://youtu.be/XcHdJcGfvg8

ShotSpotter Reports Third Quarter 2022 Financial Results

Retrieved on: 
Tuesday, November 8, 2022
GLOBE, University, Method, City, Partnership, Revenue stream, Gunfire locator, Technology, Depreciation, Growth, Midpoint, Earnout, NASDAQ, Solution, Uncertainty, Harbor, Time, EBITDA, Contract, Company, Program, GAAP, Acquisition, ARR, Income, Pharmaceutical industry, Bank, Bookkeeping, Video game, Insurance, Reinsurance, Renewable energy, Communications satellite, Lease, Adjustment

FREMONT, Calif., Nov. 08, 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 third quarter ended September 30, 2022.

Key Points: 
  • FREMONT, Calif., Nov. 08, 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 third quarter ended September 30, 2022.
  • Revenues for the third quarter of 2022 increased 29% to $18.8 million from $14.5 million for the same quarter of 2021.
  • Total operating expenses for the third quarter of 2022 were $6.2 million, compared to $8.9 million for the same period in 2021.
  • Adjusted EBITDA for the third quarter of 2022 increased 37% to $3.1 million from $2.2 million for the same period in 2021.