Shotspotter IncSSTI
▼ NegativeCapitalrelevance
Company cuts 2026 revenue guidance and lowers EBITDA margin target, with Q2 revenue down and net loss.
Impact on stocks 1
Smart City / Autonomous Infrastructure
Shotspotter IncSoundThinking revised its full-year 2026 revenue guidance down to between $99 million and $100 million, while also lowering its adjusted EBITDA margin target to 8% to 9%. CEO Ralph Clark attributed the shortfall to renewal timing and professional service project delays from Technologic and NYC Department of Corrections that push into 2027, as well as slower-than-expected SafePointe deployments and weaker ShotSpotter bookings. CFO Alan Stewart said the company now expects annual recurring revenue to increase from $95.4 million at the beginning of 2026 to over $100 million entering 2027, with no contribution assumed from a renewed Chicago ShotSpotter contract. Second-quarter revenue was $23.9 million, down from $25.9 million a year earlier, with a GAAP net loss of $4.8 million and adjusted EBITDA of $1.2 million. The company also reported approximately $36 million in deferred revenue and $93.1 million of contractually committed revenue at quarter-end.
Shotspotter IncCompany cuts 2026 revenue guidance and lowers EBITDA margin target, with Q2 revenue down and net loss.