SoundThinking Inc 2025年季度报告

For the quarterly period endedMarch 31,2025OR 39300 Civic Center Dr.,Suite 300Fremont,California(Address of principal executive offices) Registrant’s telephone number, including area code: (510)794-3100 subject to such filing requirements for the past 90 days. company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act. ☐Non-accelerated filer☒Smaller reporting companyEmerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ PART I.FINANCIAL INFORMATION Condensed Consolidated Statements of Stockholders’ Equity 1 See accompanying notes to condensed consolidated financial statements. Condensed Consolidated Statements of Cash Flows(In thousands)(Unaudited) Three Months Ended March 31,20252024Cash flows from operating activities:$(1,484)$Adjustments to reconcile net loss to net cash provided by (used in ) operating activities: Deferred taxes16Allowance for credit loss50Changes in operating assets and liabilities:Accounts receivable and contract asset(4,077)Prepaid expenses and other assets1,412Accounts payable29 Investment in intangible and other assetsNet cash used in investing activities Proceeds from exercise of stock optionsRepurchases of common stock Payment of line of creditNet cash used in financing activities Change in cash and cash equivalents(1,552)Effect of exchange rate on cash and cash equivalents26Cash and cash equivalents at beginning of year13,183Cash and cash equivalents at end of period$11,657$ See accompanying notes to condensed consolidated financial statements. Note 1. Organization and Description of BusinessSoundThinking, Inc. (the “Company”) brings the power of digital transformation to law enforcement and security personnelby providing precision-policing and security solutions, combining data-driven solutions and strategic advisory services for lawenforcement, security teams and civic leadership. As of March 31, 2025, the Company had approximately330customers and todate has worked with approximately2,100agenciesto help drive more efficient, effective, and equitable public safety outcomes. connections to solve crimes, (iii) CaseBuilder™, a one-stop investigative management system for tracking, reporting, andcollaborating on cases, (iv) ResourceRouter™ that directs the deployment of patrol and community anti-violence resources in anobjective way to help maximize the impact of limited resources and improve community safety, (v) PlateRanger™ powered by, an advanced license plate recognition (“ALPR”) and vehicle identification solution that leverages artificial intelligence(“AI”) and machine learning to enhance investigative efficiency and provide real-time data sharing for law enforcement, introduced ShotSpotter for Campus and ShotSpotter for Corporate, are typically smaller-scale deployments of ShotSpotter vertically marketed to universities, corporate campuses, and key infrastructure centers to mitigate risk and enhance security by notifyingauthorities of outdoor gunfire incidents, saving critical minutes for first responders to arrive. In 2019, the Company created atechnology innovation unit, SoundThinking Labs, to expand its efforts supporting innovative uses of its technology to help protectwildlife and the environment. Additionally, the Company provides maintenance and support services and professional softwaredevelopment services totwocustomers, through sales channel intermediaries.The Company’s principal executive offices are located in Fremont, California. The Company hassix wholly owned The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generallyaccepted accounting principles in the United States of America (“U.S. GAAP”) and applicable rules and regulations of the normally included in the consolidated financial statements prepared in accordance with U.S. GAAP have been condensed oromitted pursuant to such rules and regulations. The unaudited condensed consolidated financial statements include the results of theCompany and its wholly owned subsidiaries. All significant intercompany transactions have been eliminated upon consolidation. conjunction with the consolidated financial statements filed with the Company’s Annual Report on Form 10-K for the year endedDecember 31, 2024 (“Annual Report”) filed with the SEC on March 31, 2025. Certain prior year reported amounts have been Company’s unaudited condensed consolidated financial statements or related footnotes. financial statements.Use of EstimatesThepreparation of unaudited condensed consolidated financial statements in conformity with U.S.GAAP requires and income taxes including deferred taxes a