ShotSpotter Q3 2022 Results: EPS Beats Expectations, Revenue Lags
ShotSpotter (NASDAQ: SSTI) Third quarter 2022 results
Main financial results
- Revenue: $18.8 million (up 29% compared to Q3 2021).
- Net profit: $4.03 million (compared to a loss of $949,000 in Q3 2021).
- Profit margin: 22% (up from net loss in Q3 2021).
- EPS: $0.33 (vs. a loss of $0.081 in Q3 2021).
All figures shown in the table above are for the 12 month period (TTM)
ShotSpotter EPS Exceeds Expectations, Revenues Are Insufficient
Revenue beat analysts’ estimates by 5.4%. Earnings per share (EPS) exceeded analysts’ estimates.
Going forward, revenue is expected to grow 16% per year on average over the next 2 years, compared to a growth forecast of 9.4% for the US software industry.
Performance of the The American software industry.
The company’s stock price is broadly unchanged from a week ago.
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