Gunshot detection software provider ShotSpotter files for a $35 million IPO
It would be interesting to see how much Motorola invested in them
Shotspotter To IPO
Paul, thanks for sharing.
Here is ShotSpotter's S1 and an overview of their financials:
They are losing quite a lot of money but it's a subscription service so goal is to scale up into ongoing longterm profits.
Crunchbase lists nearly $70 million raised in the past 13 years:
As of March 31, 2017, they report $2.4 million cash on hand, and given that they continue to burn a few million in cash from operations annually, they need a new infusion.
We'll queue up a full report. Thanks for sharing.
We have our report live here: ShotSpotter To IPO, Facing Low Revenue and Losses
To keep things orderly, I will delete this discussion. Paul, thanks for bringing this up!
It looks like Motorola exited thier position in Shotspotter.
5 years later after their initial $12m investment
Shotspotter Inc (NASDAQ:SSTI) major shareholder Motorola Solutions, Inc. sold 949,779 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $15.00, for a total transaction of $14,246,685.00.
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