SoundThinking Reaffirms FY23 Revenue Guidance Of $92M-$94M Vs $92.86M Est.
Portfolio Pulse from Benzinga Newsdesk
SoundThinking has reaffirmed its FY23 revenue guidance of $92M-$94M, representing a 15% YoY growth. The company expects its annual recurring revenue (ARR) on 12/31/2023 to have increased over 17% to approximately $93.5 million. The company's financial outlook statements are based on current expectations and actual results could differ materially depending on market conditions.
November 08, 2023 | 1:46 am
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POSITIVE IMPACT
SoundThinking's reaffirmed FY23 revenue guidance and expected increase in ARR could potentially impact the stock price of SSTI in the short term.
SoundThinking's reaffirmed FY23 revenue guidance and expected increase in ARR indicates a positive financial outlook for the company. This could potentially lead to an increase in investor confidence and subsequently, an increase in the stock price of SSTI in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100