AP NEWS

ShotSpotter: 3Q Earnings Snapshot

November 14, 2018

NEWARK, Calif. (AP) _ ShotSpotter Inc. (SSTI) on Tuesday reported a loss of $1.4 million in its third quarter.

The Newark, California-based company said it had a loss of 13 cents per share. Losses, adjusted for stock option expense, came to 6 cents per share.

The maker of gunfire detection systems posted revenue of $9.2 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $8.9 million.

ShotSpotter expects full-year revenue in the range of $34.4 million to $34.6 million.

ShotSpotter shares have more than doubled since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $37.18, more than doubling in the last 12 months.

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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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