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SSTI - Shotspotter: The TAM Is Smaller Than Believed 60-70% Downside
ShotSpotter Inc.
History
In 1992, Robert Showen was inspired to begin an engineering project by the sound of gunfire in East Palo Alto. According to an article by Forbes, he developed a system to triangulate the location of gunfire based on sound waves in 1994. Robert Showen’s current LinkedIn profile shows that he started at ShotSpotter (SSTI) in 1996.
Like many companies founded during the .com bubble, ShotSpotter achieved some limited success but never really took off. Between its founding and March 31, 2017 (the date corresponding the disclosures in the S-1 filing