ShotSpotter: 3Q Earnings Snapshot
NEWARK, Calif. (AP) _ ShotSpotter Inc. (SSTI) on Tuesday reported third-quarter net income of $446,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the Newark, California-based company said it had net income of 4 cents.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The maker of gunfire detection systems posted revenue of $10 million in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $10.8 million.
ShotSpotter expects full-year revenue in the range of $40 million to $40.5 million.
ShotSpotter shares have fallen 35% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $20.34, a decrease of 44% in the last 12 months.