SSTI - ShotSpotter Non-GAAP EPS of $0.04 misses by $0.03 revenue of $21.2M beats by $0.89M

ShotSpotter press release (NASDAQ:SSTI): Q1 Non-GAAP EPS of $0.04 misses by $0.03. Revenue of $21.2M (+41.3% Y/Y) beats by $0.89M. Strong balance sheet with $8.9M in cash and cash equivalents and $20M available on the company’s line of credit at the end of the quarter. Outlook: The company reiterated its FY22 revenue guidance of $81 o $83M, representing ~41% Y/Y growth at the midpoint compared to 2021. Management is increasing its expected Adjusted EBITDA margin to be ~19% to 21% of forecasted revenue in 2022, up from the 15% to 20% indicated last quarter.

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ShotSpotter Non-GAAP EPS of $0.04 misses by $0.03, revenue of $21.2M beats by $0.89M