ShotSpotter: 2Q Earnings Snapshot
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.