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ShotSpotter: 2Q Earnings Snapshot

August 6, 2019

NEWARK, Calif. (AP) _ ShotSpotter Inc. (SSTI) on Tuesday reported second-quarter net income of $387,000, after reporting a loss in the same period a year earlier.

The Newark, California-based company said it had profit of 3 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The maker of gunfire detection systems posted revenue of $10.3 million in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $10.4 million.

ShotSpotter expects full-year revenue in the range of $42 million to $44.5 million.

ShotSpotter shares have increased 11% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $34.62, a fall of 21% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SSTI at https://www.zacks.com/ap/SSTI

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