ShotSpotter Financials and Business Examined

By Zach Segal, Published Jun 16, 2021, 10:20am EDT

ShotSpotter has become famous for its wide-area outdoor gunshot detection in the US, but its organic growth is slowing and faces criticisms over its effectiveness.

IPVM Image

IPVM analyzes the company's financials and business including:

  • Financials
  • Leeds Acquisition
  • Valuation
  • Business Model
  • Customer Count
  • 33% of Revenue from NYC, Chicago
  • Potential Market
  • International Expansion Slow
  • Churn Rate, Cost of Sale Increasing, Net Retention Dropping
  • Controversy and Risk

**********: ************* **** ***************** ****-**** **********.

Financials ****

*********** ********~$** ******* ** **** revenue ** **% *** with *.*% *** ************* and *** **** ******* modestly **** *** **** few *****, ** *** chart ***** *****:

IPVM Image

*********** ******** *** ****** in ****, *** ** the **, *** ********, employee ****** ** ******:

IPVM Image

Financials ** ****

*********** ************* ******* **** **% in ** **** ** $15 *******, *** **** IPVM **** ******* ****** was "************* *-*%".

Leeds *********** ** ****

*** ******** ** ***** Q1 **** ******* ******, ~$3 *******, **** ************* *****(*** *********** ********) ** Q4 ****, ***** ******** and ***** ************* **** management ************ ********.

***** ********* ~$** ******* 2020 ******* *** $*+ million ** *** *******, based ** ********* *** pro ***** **** ******* with *** ****** **** results:

IPVM Image

*********** **** * ********** reasonable $** ******* *** Leeds, **** **** ** revenue, ****** *********** ********* 2021 ***** ******* ** be ***** **** ** 2020.

*** ****** *** *********** of **** *********** ** that **** *** *****-**** Leeds ******** **** ***** gunshot ********* ********.

Valuation *********** ~*** *******

*********** *** * $*** million *********, ~*** *** 2020 *******, ***** ** consistent **** ****** ****** SaaS ********. *** *******'* valuation ** ** ~**% YoY *** ****** ~**% after *** ** ********* results.

Business ***** *** *******

**%+ ** ***********'* ******* comes **** *************, ********* from ******* *********, ***** they *** **** ***** for, ****** *** ******* is ****** ** ******* that **** *** ***** software *** ****** ********** for * ********:

IPVM Image

** *** *********** ******** for **%+ ** *********** 2020 *******, **** *** company ****** ** ****** to *** ** ******* sector *** ******* ** the ** (**** ******* Latin ******* *** ***** Africa).

**** **** ***** ******* detection ******* *** ~$**,*** a ****** **** ********* to* ******** *********** ******** contract*** *** *** ******* that ********* ***. ***** customers, ********* ***** *** largest, ***** ~$***,*** * year ** *******. ******* and *** **** **** spent ************ ~$* ******* and ~$* ******* ** 2020 **** ***********.

Customer ***** *** ******

*********** **** ********* **** 14% *** ** ***, but ***-********** ********* **** from ** ** **.

** ** ******, ***** customers ******** *** ********** 810 ****** ***** ** coverage (***** ** ******* the ********** ** * times *** **** ** Chicago ** *** ****** miles).

IPVM Image

*********** ********** ***** **** customer ****(****** *****) ********* * of *** ** ******* US ****** ** ********** (NYC, *******, *** *** Diego):

IPVM Image

NYC *** ******* */*** ** *******

******* *** *** **** City ********* *** **% and **% ** *********** revenue ************, *** * total ** **% ** 2020. ***** *** ******* of ******* **** ***** two ******* ********* *** been ****** ********** **** a ******** **% ** 2018, ** ***** * risk. **** ****** **** leverage **** *********** *** the **** ** ****** city ***** **** * major ****** ** ***********’* revenue.

Potential ******

*********** **** **** **** lots ** **** ** grow ********** *** ****** for ***** ******* ********* at $*.* ******* * year *** ***** ********* at $*** ********* ***** ******** *** presentation.

IPVM Image

********** ************* ********* *** be ***********.**** ********* ** *** suffer **** *** **** level ** *** ******** as *** ** ****. For *******, ** *** UK ***** *********** ********* they **** * ********* customers ***** $* ******* a ****, ************* ******** ** ******** homicides ** ******. *** **, ***** has **** *** ****** of******** ********* ** (**,***+).

*********** **** ** ******** significant ********* ** ******* US ****** (*,***+ **** populations ***** ***,***) ***** may ** ***********. ******* cities **** **** *** violence *** * ***** population ******* ***** ***** ShotSpotter **** ********* *** citizen *** **** ****** for *** ****.

****, *********** ********* ****** almost *********** ** ******* wide-area ******* ********* *** revenue, * ****** **** do ******** ** *** US, ** **** ** their ********* ****** ** an **** **** **** almost ** ******* **** and ** *** ********.

International ********* ****, **% **

*********** ******* **** **% of ***** **** ******* is **** *** ** and**** **** ************* ********* was ******* ** *****-** in ***** ****** ******* of ***** ****** *** Latin *******:

*************, *******, ** ***** presenting **** *****-**** ********** to **, ** *** key ***** ***** ** South ****** *** ***** America **** *** **** able ** **** *** corner ********** ** ********** the ****** ** *** virus ********. ** ******** to ************* ****** **** of *** ****, ****** and ******** ** ***** markets ** ******* *** key ************* *** ******** we ***** ** ****. Our **** ** ** be ***** ** ****** commercially **** ***** ************* when ** ******* ***********.

1% ***** ****, **** ** *** ********** ******* ******, *** ********* ********

*********** *** ~*% ***** rates, ****** ********* *** sales **** *** $* of *** ********** *******, and ********** *** ********* (NRR). ****************** ****** ***** ** less **** *% *** expects ** **** ***** to ** *******. ***** 2020 **** *** $* new ********** ******* ** $0.51 ** **% **** than *** **** **** of $*.*, *** ** only ******** *** **** of *** ********* *** they **** **** * recurring ******* ***** ******* short-term ****** *** ** made ** **** ****** revenue.***** *** ********* ***** have **** ~**% ** total ******* *** *** past * *****.*** *** **** ****** 25% **** **** ** 107%.

***********

*** ******* ** ** unarmed **-**** *** ** Chicago ****** ********** ** a *********** *****, ******* calls *** ****** ****** in *** ****** ******, and *********** **** *********** is *** ******* ** accurate ***** ******** ***********.

******* ****** ****** **-****-*** Adam ****** ***** ********** to * *********** *****,**************. ***** **** *** a *** ** *** point, ** *** ******* when ******, ******* ** protests *** ***** ** end *** *********** **** (see ******-** **** ****** ************** ****** ******* **** ******* **** the********* ******* ****** ** Northwestern **********’* ****** ** Law). **** *** **-** and ******* ****** **** ShotSpotter’s ******* ******** ****************** impacts ***** *** ***** neighborhoods, ******* ** **** police ******** *** ************ of ***** *************. **** also ******** ***********’* ********. No ****** ******* **** filed ***** **% ** ShotSpotter ****** ********* ** Chicago ****** ******* **** 2019-April **** **** *** MacArthur ******* ****** ******** from * ******* ** information *** *******. *******, *************** *********** * **** ** police ******* **** *** mean **** ** ***** were *****/**** ***** **** false ******.

*******, ** *** ****** States, ***** **% ** ShotSpotter ***** ***, ***** have **** ********** ***** for ****** ****** *** to ***** ** ****** how ****** ******* ** used ***** ***** ***** cities ** *** ****** customers ** *** *********. Though *********** ******** ***** for ****** ****** *** beneficial:

[**** ***** ** ***** to ****** *** ****** have **** ***********] ** fact, *** ******** ** that *** **** ****. I ***** * *** of ***** ***** *** defund *** ****** ********** evolve **** ********* ****** and ****** ****** ** be **** *********, ********* and *********, ****** ********* on *** ********* *****, in *** **** ***** their *** *********** ********* to ********* ****** ****** outcomes.

Many ********* *-****, ***-*** ******* *****

*********** ******* **** ********* are **** ***** *-**** in ****** *** **** Cities **** ********* **** penalty-free *********** ** ****** are **** ** *** for ****:

********** ******** ***** ******* highly *********** ******** ***** that *** ****** **** our ******** ************. *** example, ** *** ******* government ******** ****** ** certain ***** *** ***** governments *** *** *********, and **** *********** ** not ******** ** ******* these ******, **** ***** customers **** *** ******* to ********* ***** ********* with ** ******* *******.

**** ***** ** ******/******* for ****** ** ***** if **** ****** **** no ****** **** ***********'* analytics.

*******

*********** ** ********** *** has ** *********** ****** competition *** ****-**** ******* deployments ***** ** *********. However, ****** ** ******* more ********* *** **** and *******. ** ********, while **** ** *** aware ** *** ****** gunshot ********* ************* ** outdoor *********, *** ********* is ******** ** ************ more ****** ***** ******** and ***** ******* **** them ** ****** **** high ****** *******, ** the ****-****.

*******, ***********'* ********* ****** gunshot ********* *** **** the ******* ********* *** build * ******* ********.

Comments (3)

“*********** ** ********** *** has ** *********** ****** competition *** ****-****“

*** **** *** ****. Competition *** *******.

Agree
Disagree
Informative
Unhelpful
Funny

***, ** **** ******* offering ****-**** **** ********* or ********-******** *********?

Agree
Disagree
Informative
Unhelpful
Funny

** ****-

****-**** *** ***** **** Acoustic ****** ********* ** our *********. ***** *** been ***** ** *** over ** ***** *** in *** ******* *****. We *** ** ******** with ** ****** ** 1- *** *** *** provide ************* + **** to *** ** *** ONVIF (*) (**** ********) PTZ ******. **** *** effectively ****** ***,*** ****** Feet (**************). * ****** solution (***********) *** **** needed ** **** ***** for * **** ****, and * ** ****** excited ** ***** **** into *** ***** ******. Also, ** ** *** lock ****** **** *** contract ** **** **-********* fees. ** *** ****** it **** *** ********** to ******.

Agree
Disagree
Informative: 1
Unhelpful
Funny
Read this IPVM report for free.

This article is part of IPVM's 7,109 reports and 942 tests and is only available to members. To get a one-time preview of our work, enter your work email to access the full article.

Already a member? Login here | Join now
Loading Related Reports